Professional consulting and modern technologies

SMARAGD

Compliance Solutions

Increasing regulatory requirements have a growing impact on business processes and workflows in the financial sector and industry. The associated compliance requirements are putting companies to the test. For this reason, solutions to combat criminal activities must be strengthened in order to avoid damages. targens supports companies with professional consultancy and modern software products. The focus is on our SMARAGD Compliance Suite. It includes solutions and services against financial crime. Modern approaches in the field of Artificial Intelligence are a fixed component of our portfolio. Therefore, we help our customers master their compliance tasks and focus on their core business.

SMARAGD Compliance Suite - A future-oriented solution for compliance requirements for financial institutions

Financial crime and fraud pose a serious threat to company and financial systems. targens supports companies with professional consultancy and intelligent solutions and offers a futuristic solution with its SMARAGD Compliance Suite that helps comply with the regulatory requirements. From SMEs to internationally active corporations within and outside the financial sector. SMARAGD covers a wide range of products and services against financial crime. This includes the detection and prevention of money laundering and fraudulent behavior, the monitoring of embargo and financial sanctions, as well as solutions for the onboarding of customers and business partners.


SMARAGD for Finance

For the financial sector, SMARAGD offers a variety of modern and futuristic solutions and products for all topics concerning compliance.

Solutions

Customer Due Diligence (CDD)

Each customer goes through a clearly defined process that guarantees that all compliance relevant data are collected and evaluated. In detail, this process is oriented towards the customer qualities. A private person in an employment relationship is e.g. treated differently than a medium-sized company from the industry.

Solutions

PEP Screening

Politically exposed persons (PEP) are subject to a special due diligence. With our PEP module, possible exposed persons can be detected and be used for a company-wide risk assessment of the customer base. This is made possible by the integration of lists like Dow Jones, WorldCheck and others. The additional Negative Media Screening goes into a similar direction. The reputation of the customer is focused on with this method.

Solutions

Fraud Prevention

Identifying suspicious behavior plays a major role in combating financial fraud. Fraud cases can usually only be identified with intelligent software due to the large amounts of data involved. It scans business data for fraud patterns and reports discrepancies in known behavior.

Solutions

Risk-based approach

We enable risk-based control of the entire client process – from new client acquisition to monitoring of existing clients. This helps you to determine client risks automatically. This means that risk classes can be assigned to individual clients and the degree of due diligence can be determined.

Solutions

AML – Anti Money Laundering

Our intelligent software makes it possible to prevent the concealment and placement of illegal funds. A scenario and indicator model serves as a basis and includes the international experience of hundreds of banks.

Solutions

Risk Documentation

Each financial institute has to check its compliance risk on a regular basis and document the results. The risk analysis supports the entire process and displays the results in a central document.

Solutions

Embargo and financial sanctions

The targens solutions check all relevant information such as payments and client data in real time for breaches, including data from internal and external sanctions and embargo lists. Suspicious cases can thus be stopped and analysed at an early stage.

Solutions

Correspondent Bank Monitoring

Foreign transactions are very vulnerable for money laundering and terrorism financing. With intelligent solutions, banks minimize the risk that occurs when payments pass through correspondent banks. Hits are displayed quickly and clearly. This is inter alia possible, since the SWIFT message is decomposed and checked.

Solutions

Case Management

Compliance processes are best managed centrally and uniformly with a workflow-supported e-file. Our solution adapts flexibly to any work method and can be integrated into existing systems.

Products Finance

SMARAGD CDD Compliance check during client acceptance
Client Due Diligence (CDD) automatically determines the client risk. This means that companies can meet their due diligence duties to new and existing clients.


SMARAGD TCM Combating terrorist financing and monitoring embargoes
Transaction controlling & Monitoring (TCM) checks payment transactions and client data for embargo breaches and financial sanctions. Sanction checks are performed based on international, national and institution-specific lists. With the help of PEP lists, additional persons can be identified that have to be monitored more intensely.

Compliance-Solutions on the highest level

SMARAGD MDS Transaction Monitoring in order to identify conspicuous customer behavior in respect to money laundering and financial crime
Monitoring and Detection System (MDS) enables the up-to-date monitoring of transactions of customers and accounts. Indicators and scenarios can be adjusted flexibly to business processes and new risk situations. In the integrated alert management, conspicuities are analyzed and assessed.

SMARAGD ICS ist auch Bestandteil unseres Produkts SMARAGD MDS. Es hilft noch effizienter Geldwäsche zu bekämpfen.


SMARAGD CBM Detection of suspicious transaction activity by correspondent banks
Correspondent Bank Monitoring (CBM) minimizes the risk of money laundering and illegal transfers of funds when they pass through correspondent banks. CBM verifies payments by decomposing the SWIFT message, assists with analysis, and offers flexible case processing and audit-proof documentation.

SMARAGD DAW Integration of external bodies in alert processing
The Distributed Alerts Workflow (DAW) helps organizations make better decisions when processing alerts. Information from external entities such as branches, subsidiaries can be requested without leaving the SMARAGD Compliance Suite.

Support with all compliance-related challenges


SMARAGD CRS IT based risk analysis
Compliance Risk System (CRS) detects compliance risks. It supports users with the creation of the risk analysis, detection and prevention of financial crime.

SMARAGD CCM Standardized processing and audit-proof documentation of compliance cases through e-file
Compliance Case management (CCM) provides an e-file with standardized workflows. Compliance cases are managed centrally and uniformly and documented in an audit-proof manner.


SMARAGD for Non-Finance

Companies outside the financial sector are put under an increasing pressure when it comes to regulations. Targens offers standardized solutions in the cloud that can be implemented quickly. With the help of SMARAGD, customized solutions and products are created that supports the compliance departments any kind of company.

Solutions

Third Party Compliance

We enable the risk assessment of third parties by calculating their compliance risk based on quantifiable characteristics such as country rating. A configurable workflow integrates risk assessment into existing processes. In detail, the process is oriented on the characteristics of the counterpart. A local supplier for stationery will e.g. be treated differently than a company that produces their goods in a country that is notorious for corruption and therefore has to be analyzed more intensely.

Solutions

Third Party Assessment

We make the risk-based controlling of the entire Customer Risk Lifecycle possible – from the customer onboarding to the controlling of existing customers. The risks are detected individually for each customer and is assigned to a risk class. Partners from a notorious high risk country or a country that has a corruption affinity are assessed with a higher risk.

Solutions

Sanctions Screening

The solutions by targens check all relevant information such as payments and customer data in real-time for sanction violations while inter alia using data from internal and external sanctions and embargo lists. Conspicuous processes can thereby be stopped and analyzed at an early stage.

Solutions

PEP and Negative Media Screening

Politically exposed persons (PEP) are subject to a special due diligence. With our PEP module, possible exposed persons can be detected and be used for a company-wide risk assessment of the customer base. This is made possible by the integration of lists like Dow Jones, WorldCheck and others. The additional Negative Media Screening goes into a similar direction. The reputation of the customer is focused on with this method. Users can make sure that no business relationships are entered with dubious companies.

 SMARAGD bietet eine Vielzahl moderner und zukunftsgerichteter Lösungen und Produkte für alle Themen rund um die Compliance

Products Non-Finance

SMARAGD TPC Compliance check of new and existing business partners
Third Party Compliance (TPC) runs a compliance check on third parties. In an IT based process suppliers, service-providers and other participants are checked and assessed prior to an upcoming business relationship.


SMARAGD TCM Combating terrorist financing and monitoring embargoes
Transaction controlling & Monitoring (TCM) checks payment transactions and client data for embargo breaches and financial sanctions. Sanction checks are performed based on international, national and institution-specific lists.

SMARAGD CRS IT based risk analysis
Compliance Risk System (CRS) detects compliance risks. It supports users with the creation of the risk analysis, detection and prevention of financial crime.


Different clients and situations require different methods. We advise you individually and personally with an eye for the big picture.

Compliance Risikoanalyse – als Grundlage für den Erfolg

Die Thematik Risikoanalyse Compliance dient als Grundlage jedes Compliance-Programms, sei es bei Banken Compliance oder bei Non-Finance Unternehmen. Denn eine essenzielle Voraussetzung für effektive, präventive Compliance-Maßnahmen ist die Kenntnis der bereits bestehenden Compliance-Risiken. Erst durch die Identifizierung und Bewertung dieser Risiken können wirksame und ressourcenschonende Präventivmaßnahmen eingeleitet werden. Hier kommt unsere Beratung ins Spiel: targens unterstützt und begleitet Unternehmen und Compliance-Manager mit professionellem Consulting und effizienten Software-Lösungen wie der SMARAGD Compliance Suite. Angewandt auf Unternehmen in und außerhalb der Finanzbranche, bietet targens ganzheitliche Unterstützung und zukunftsorientierte Lösungen rund um die Compliance-Funktion und das Compliance Risikomanagement an: sei es Korruptionsprävention, Geldwäscheprävention, Kartellrecht oder Datenschutz und Verhaltenskodex (Code of Conduct) – unsere Lösungen umfassen eine breite Dienstleistungs- und Produktpalette, die die Compliance-Abteilung unserer Kunden effizient unterstützt.

Die Komplexität von Compliance Management wird zunehmend größer. Somit wird auch der Unterstützungsbedarf auf Unternehmensseite sowie bei der Compliance Banken Thematik immer dringender gefordert. Ob Risikomanagement oder Compliance-Management: der Risikokatalog eines Unternehmens ist breit gefächert und benötigt diverse essenzielle Regularien, präventive Vorgaben und Regelungen, um Risiken einzudämmen und präventive Maßnahmen zur Risikovermeidung erfolgreich umzusetzen. Für den Bereich „Compliance Bank“ gilt das ganz besonders.

Mit Blick auf das Instrument der Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), haben wir die Mindestanforderungen wie MaComp oder MaRisk in unsere Strategien und Lösungen eingebettet.  Auch wenn Compliance und Risikomanagement aus theoretischer Sicht unterschiedliche Risiken abdecken, so sind beide essenzielle Faktoren zur erfolgreichen Minderung und Prävention der Risikopotenziale.