Euronet’s epay division launches Skylight®, a financial transaction monitoring platform that shines a light on illicit consumer behavior
- New cloud platform streamlines typically tedious and manual financial transaction monitoring and investigation processes at money services businesses
- A no-code user interface enables compliance analysts to easily create, modify and test business rules without involving IT resources, leading to a more robust, end-to-end compliance process
- Analytics, alert aggregation, one-click report filing and other features complement an organization’s compliance program while helping reduce regulatory and reputational risks
A cloud-based platform available on the Microsoft Azure and AWS marketplaces, Skylight enhances compliance analysts’ productivity levels through analytics to identify the highest priority compliance issues while reducing the “false positives” that consume time and resources unnecessarily.
When suspicious transactions are identified, Skylight triggers alerts for compliance analysts and then streamlines follow-up tasks such as one-click Suspicious Activity Report (SAR) submissions to FinCEN, the
No-code interfaces empower compliance analysts to easily define and maintain business rules
Skylight frees compliance analysts from the time-consuming and resource-intensive compliance rules construction and refinement processes required by other solutions through a customizable and no-code compliance rules wizard.
Using intuitive user interfaces, the Skylight wizard enables compliance analysts to define their rules simply without writing or editing any code or involving internal IT or other departments.
Additionally, to facilitate an efficient rule-tuning process, Skylight enables compliance analysts to run rules in trial mode, where the platform uses real production data to measure each rule’s productivity without creating unnecessary alerts.
Skylight provides a modern compliance solution for the evolving payments landscape
Compliance analysts need Skylight to address the ever-increasing volume and variety of transactions from consumers in the modern payments landscape.
Incumbent market solutions are outdated by the standards of modern business users and expensive to purchase and maintain. They are also unable to fully adapt to many of the changes introduced by mobile and digital payments, exposing businesses to issues with Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF) and fraud risks.
With Skylight, compliance analysts finally have a robust single solution to monitor transaction activity confidently and efficiently, exposing potential criminal activity early in the compliance investigation process.
While transaction monitoring is a primary focus for Skylight, it also offers a holistic approach to compliance program management and risk mitigation. With front-end integration options, the platform offers real-time fraud mitigation capabilities and dynamic analytics overlays that give compliance professionals the ability to better understand their data, gain insights and interpret possible risks with ease.
“Financial regulatory compliance is vitally important to every organization, but modern tools have fallen short in addressing the needs of compliance departments in terms of automation and increasing accuracy,” said
Skylight now available for the AWS and Azure cloud platforms
Skylight is currently available on the
Learn more about Skylight at the ACAMS conference in May as well as online resources
Attendees at the Association of Certified Anti-Money Laundering Specialists (ACAMS) Conference in
epay, a segment of
Jana Weisshauptepay PR and Communications+49 89 899643-499 firstname.lastname@example.org
Euronet Worldwide, Inc.