Obligor Risk Rating
6Sigma Group's IFRS 9 module efficiently captures data and calculates expected credit losses, while the Portfolio Risk Rating and Stress Testing modules provide comprehensive portfolio analysis and stress testing capabilities. The ESG Risk Rating module assesses clients’ environmental, social, and governance compliance, and the Credit Automation module streamlines credit processing.
Traditional username and password-based authentications are found to be insufficient – not just at login but also prior to critical transactions. This has only been accelerated by COVID-19 with remote working and increased digitalization and self-service thus the Two Factor authentication has become the new norm in authentication process.
Currently, banks are having to deal individually with vendors to integrate multi-factor authentication into their solutions, and switching multi-factor authentication vendors results in re-development of all integrated applications.
Online Account Management
Newgen’s iCheque is a digital cheque processing solution that streamlines cheque clearing and settlement processes. Their Digital Sensing Software captures and processes unstructured data from various sources to provide actionable insights. The Trade Finance Platform automates and centralizes trade finance processes, ensuring compliance and efficiency. Newgen also offers a Shariah-compliant Islamic Banking platform and a Comprehensive Automation Platform that integrates process automation, content services, and communication management.
Open Banking Compliance Solution
Salt Edge provides an Open Banking and PSD2 Compliance (Europe, UK, Australia, Brazil) solution covering all essential components required by regulators: Testing and Live environment for the TPPs for Account Information API & Payment Initiation API, the TPP Developer Portal, the TPP Management & Verification API, Consent Management SDK for banks web interface, a fallback channel and/or exemption from it. Additionally, we provide mobile-first application to comply with SCA and Dynamic Linking requirements.
Open Banking Gateway
Salt Edge has created a solution enabling account information and payment initiation in line with all directive’s local specifications, including PSD2 in Europe, OBIE in the UK, CDR in Australia, soon Brazil, Saudi Arabia, and other global standards. The solution comprises 3 products: Account Information - globally, Payment Initiation within EU, and Data Enrichment.
Account Information
Payment Fraud Prevention
NetGuardians’ AI-powered fraud solution more accurately detects and blocks fraudulent transactions. It learns each customers behavior and flags anomalous transactions for further validation. System reduces false positives by 85% - this results in +75% operational cost savings as fewer staff are needed to validate suspicious payments - direct savings for a Bank and reduced reputational risk.