We use Oracle FCCM to detect suspicious activities. We'll process the data for transaction monitoring and risk creation through an engine. It depends on the threshold and different criteria like the customer, date of birth, documentation, address, and country. We look at how many transactions the customer wires, MI-tags, different transactions, and how they performed. Based on that, an alert is triggered, and the business will use the UI to investigate it. They will take it to the next level. If STR reporting is required, they'll submit it to the government. It's a regulatory project.
We use Oracle FCCM to detect suspicious activities. We'll process the data for transaction monitoring and risk creation through an engine. It depends on the threshold and different criteria like the customer, date of birth, documentation, address, and country. We look at how many transactions the customer wires, MI-tags, different transactions, and how they performed. Based on that, an alert is triggered, and the business will use the UI to investigate it. They will take it to the next level. If STR reporting is required, they'll submit it to the government. It's a regulatory project.