Helping a Lithuanian FI automate oversight and reporting with AML software

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The Challenge

In early 2021, a prominent Lithuanian financial institution sought to enhance its regulatory compliance capabilities by implementing robust AML software for transaction monitoring and customer oversight. Their main goal was to build an automated transaction monitoring system, as their business relies primarily on mid to high-risk customers. Another crucial goal was to meet all reporting requirements of AMLD6. 

After thoroughly evaluating potential enterprise software providers, they selected D8 Corporation as their preferred vendor. Their decision was primarily influenced by our proven expertise and successful track record in delivering effective AML solutions within the Baltic region.

Solution We Offered

We offered Anti Money Laundering Platform, under our classic enterprise license model. Our client recognized the critical importance of deploying advanced AML software to mitigate financial crime risks and ensure adherence to stringent regulatory requirements. By choosing our Anti Money Laundering Platform, our client gained incredible flexibility in defining scenarios and configurations. 

Fine-tuning options, that our platform permits, gave our client full control over transaction flow and customer risk management. With customizable rules and policies, our client can apply different limits and payment execution conditions, depending on the customer’s risk level. 

By opting for D8 Corporation, our client demonstrated their commitment to leveraging cutting-edge technology to fortify its AML framework and uphold the highest standards of compliance and integrity. This strategic partnership signifies D8 Corporation’s continued leadership in delivering tailored AML solutions that effectively address the evolving needs of financial institutions, reinforcing its position as a trusted partner for organizations seeking to strengthen their anti-money laundering capabilities.

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The Results

  • Launched several risk-scoring models for approved customers
  • Continuous monitoring of incoming/outgoing payments for all customers
  • Full compliance with AMLD6 requirements for screening & reporting
  • Successfully built custom risk-adjusted transaction processing logic

Technologies that were used in this project

Enduro/X
C
C++
GO
React.JS
Redis
Oracle DB
VMWare

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Contact us

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We’re happy to answer any questions you may have and help you choose a solution that fits your current needs the best. 

Call us at: +371 67 473 940
Your benefits:
  • Personal attention
  • Lower TCO
  • Industry-specific competencies
  • Project successful completion guarantee
  • Flexible project implementation approach
  • Full transparency and no hidden costs
What happens next?
1

We schedule a call at your convenience 

2

We evaluate your current needs and define the project vision and goals

3

We conduct a solution demo, prepare a proposal, and everything beyond

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