Professional advice and modern technologies

SMARAGD

Compliance Solutions

Increasing regulatory requirements are having 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 technologies for all compliance requirements. The focus is on our SMARAGD Compliance Suite. It includes solutions and services against financial crime and provides support for all compliance challenges.

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 in the fight against money laundering, financial fraud and terrorist financing – with professional consultancy and intelligent compliance solutions. With its SMARAGD Compliance Suite, targens offers a futuristic solution for the compliance requirements of financial institutions, internationally active groups and companies:  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 third-party audits and the management of the KYC process. Modern approaches from the field of artificial intelligence are an integral part of the portfolio.


SMARAGD for Finance

For the financial sector, the SMARAGD Compliance Suite offers numerous solutions and products for all relevant problem fields.

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

Anti-Money Laundering

Our intelligent software makes it possible to prevent the hiding and placement of illegal funds. It is based on a scenario and circumstantial model that incorporates the international experience of hundreds of banks.

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

PEP - Identification of politically exposed persons

Exposed persons are subject to a special duty of care. With our PEP component, transactions of potentially vulnerable individuals can be identified and used for enterprise-wide client inventory and other risk assessment systems. This is made possible by the integration of lists from Dow Jones, WorldCheck and others.

Solutions

Financial fraud

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.

Solutions

Case management

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

Solutions

Monitoring of the correspondent bank

Foreign transactions are particularly vulnerable to money laundering and terrorist financing. With intelligent solutions, banks minimize the risk involved in routing payments through correspondent banks. Hits are displayed quickly and clearly.

Products

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 on the basis of international, national and institution-specific lists.


SMARAGD MDS Money laundering analysis according to regulations and relationship networks
The Monitoring & Detection System (MDS) enables an analysis of the client and account portfolio – on a day-to-day basis. The indicators can be adapted to business processes and new risk situations. Financial crime scenarios are mapped in detail.

SMARAGD ICS is also part of our product SMARAGD MDS. It helps fight money laundering even more efficiently.

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, offers flexible case processing and audit-proof documentation.

Compliance Solutions on the highest Level

SMARAGD CRS IT-supported risk analysis
The Compliance Risk System (CRS) identifies compliance risks at various levels. It helps in the preparation of risk analyses and in the detection and prevention of financial crime.


SMARAGD CDD Compliance check during client acceptance
Client Due Diligence (CDD) automatically determines the client risk. In this way, companies fulfil their due diligence duties towards new and existing clients.

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.

Support with all compliance-related challenges


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.

SMARAGD TPC Compliance audit of new and existing business partners
We enable the risk assessment of third parties by calculating their compliance risk based on quantifiable characteristics such as country rating. An integrated media search completes the picture and the configurable workflow integrates the risk assessment into existing processes.


SMARAGD for Non-Finance

It is becoming increasingly important for industrial companies to protect themselves against fraudulent behavior and to comply with all legal requirements. Here SMARAGD offers numerous solutions and products:

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.

Solutions

PEP - Identification of politically exposed persons

Exposed persons are subject to a special due diligence. With our PEP component, transactions of potentially vulnerable individuals can be identified and used for enterprise-wide client inventory and other risk assessment systems. This is made possible by the integration of lists such as Dow Jones, WorldCheck and others.

Solutions

Case management

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

Lösungen

PEP und Negative Media Prüfung / PEP and Negative Media Screening

Politisch exponierte Personen (PEP) unterliegen einer Beobachtung. Mit unserem PEP-Modul lassen sich mögliche exponierten Personen ermitteln und für unternehmensweite Risikobewertung der Partnerbestände nutzen. Möglich macht das die Einbindung von Listen wie Dow Jones, WorldCheck und andere. In die selber Kerbe schlägt das ergänzende Negative Media Screening. Dabei steht der Leumund der Partner im Vordergrund und stellt sicher, dass keine Geschäfte mit dubiosen Unternehmen abgeschlossen werden.

SMARAGD offers a variety of modern and future-oriented solutions and products for all compliance-related issues

Products Non-Finance

SMARAGD TPC Compliance audit of new and existing business partners
We enable the risk assessment of third parties by calculating their compliance risk based on quantifiable characteristics such as country rating. An integrated media search completes the picture and the configurable workflow integrates the risk assessment into existing processes.


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 on the basis of international, national and institution-specific lists.

SMARAGD MDS Money laundering analysis according to regulations and relationship networks
The Monitoring & Detection System (MDS) enables an analysis of the client and account portfolio – on a day-to-day basis. The indicators can be adapted to business processes and new risk situations. Financial crime scenarios are mapped in detail.


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, offers flexible case processing and audit-proof documentation.

Factsheet SMARAGD CBM.pdf

CRS IT-supported risk analysis
The Compliance Risk System (CRS) identifies compliance risks. It helps in the preparation of risk analyses and in the detection and prevention of financial crime.