AI-Powered AML compliance for Insurance Firms

While fraudulent claims and regulatory uncertainty are on the rise, insurance businesses must ensure that hidden risks are identified as soon as possible. Our advanced AI-powered AML suite assist insurance businesses in automating AML processes, uncovering hidden risks, reducing false positives and detecting suspicious actions in real time.

How Focal Can Help Insurance Businesses
Mitigate Risk and Ensure Compliance

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Risk-based Customers Segmentation

Segment all your onboarded entities based on their risk score to identify whether they are low, medium or high risk, to make better decisions.

Fast Deployment and API Integration

Comply with 80% less setup time compared to legacy solutions, and automate the whole AML compliance processes and tasks.

Reduce Your False Positives With The Power of AI

Eliminate human errors, save resources and screen with confidence through our advanced AI engine.

Decrease Manual Workload With Seamless Automation

Allow your team to focus on what matters most, by reducing time spent on compliance tasks and eliminating human error.

Real-time Updated Watchlists Coverage

Screen your customers or entities against +1300 sanctions, PEP and RCA watchlists and adverse media.

Highly Customizable Risk Scoring Rules and Criteria

Set custom and flexible rules to tailor your customers risk scoring and assessment criteria based on your needs and risk appetite.

Follow a Risk-Based Approach and Prevent Dealing With High-Risk Entities

Easy and Effortless Migration With 80% Less Setup Time

Multilingual Dedicated Customer Success and Support

Secure Data and Privacy Standards With Local Hosting