Sold by: Genpact
riskCanvas is Genpact's proprietary software suite for financial crime risk management. It provides a single view of the customer, empowering you to run an effective and efficient financial crime risk management program. A data-driven technology, riskCanvas has dedicated modules for screening, transaction monitoring, risk scoring, and case management.
Designed by a consortium of industry practitioners, regulatory experts, and technologists, and built on advanced digital technologies, riskCanvas is a cutting-edge and built-for-purpose solution. It embeds automation, efficiency, and intuitive intelligence into your financial crimes management operations. By leveraging the power of generative AI and large language models (LLMs), riskCanvas unlocks exponential value and improves speed and accuracy in the detection, investigation, and prevention of financial crime threats for operations across enterprises.
Overview
Built on AWS cloud infrastructure and SOC2 certified, riskCanvas offers unmatched security, scalability, and reliability. riskCanvas comprises four robust solutions:
Transaction Monitoring: Reduce the model validation process from months to minutes with riskCanvas Transaction Monitoring, which takes a user driven approach to scenario design, testing, and tuning. Build scenarios using all available data, add complex logic, and simulate performance within the user interface (UI). This module helps your program adapt quickly to changing customer behavior, while allowing analysts more time to conduct effective investigations.
Screening: riskCanvas empowers users to design a custom screening program with fully configurable matching logic, business rule application, list selection, and workflow design. It also allows you to see only the matches tuned to your institution's unique risk appetite... reducing false positives by over 90%. And it drives significant gains in efficiency through automation and custom workflows and displays.
Risk Scoring: A better customer risk scoring model starts with data. riskDNA harnesses and seamlessly consolidates data into a single platform to detect and score customer risk across five dimensions and hundreds of indicators... all while giving business users the power to drive scoring and model changes in the UI. Enhanced detection and greater control allow institutions to better identify and manage high risk clients.
Case Management: Streamline your investigation process with riskCanvas Case Management. Our flexible and all inclusive approach to customer data empowers analysts to connect the dots quickly, efficiently, and effectively and complete the full investigation life cycle in one convenient location. With full control over dashboards, workflows, and process automation, you can achieve increased uniformity and efficiency in your processes across the program.
Pricing will be customized based on the customer requirements.
Highlights
- Achieve a true single view of the customer with riskCanvas's schemaless data modeling and comprehensive data repository.
- riskCanvas's highly configurable scenario design and automated workflows result in an 80% reduction in SAR filing time. By streamlining the alert review process and providing analysts with all relevant data on a single screen, riskCanvas minimizes manual efforts, allowing institutions to focus resources on high-value tasks.
- Leveraging riskCanvas's user-empowered Case Management tool, institutions experience a 50% reduction in average handle time.
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Pricing
Pricing is based on the duration and terms of your contract with the vendor. This entitles you to a specified quantity of use for the contract duration. If you choose not to renew or replace your contract before it ends, access to these entitlements will expire.
Additional AWS infrastructure costs may apply. Use the AWS Pricing Calculator to estimate your infrastructure costs.
Dimension | Description | Cost/12 months |
|---|---|---|
Custom riskCanvas Pricing | The riskCanvas team will work with you on the right solution | $0.001 |
Dimensions summary
This listing uses a single custom pricing dimension based on users. You do not select from preset tiers or fixed packages. Instead, the riskCanvas team works with you to size a solution around your user count and needs. Pricing is set through a contract rather than published rates. The suite covers financial crime risk management, including screening, transaction monitoring, risk scoring, and case management. Because pricing is tailored, the final cost depends on the scope you agree with the vendor. Contact the vendor to define your users and finalize terms.
Top-of-mind questions for buyers
Pricing is based on your user count, meaning the people who access the suite for screening, transaction monitoring, risk scoring, and case management. The riskCanvas team sizes the solution around how many users you need. Contact the vendor to confirm exactly how users are defined and counted for your contract.
Because pricing is custom and tied to users, adding users changes the scope you agreed with the vendor. There are no preset tiers that trigger automatically. You work directly with the riskCanvas team to adjust the solution size and finalize revised terms as your user needs change.
The suite includes screening, transaction monitoring, risk scoring with riskDNA, and case management, plus the Data Explorer research assistant. Because pricing is custom rather than modular, the riskCanvas team scopes which capabilities your solution includes. Contact the vendor to confirm which modules fall within your agreed user-based pricing.
www.genpact.com
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Read here the riskCanvas Technical Support Policy:
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