Fortent Launches Tool for Managing Financial Crime Investigations

Fortent has launched a case management tool to support its financial crime software suite. Coping with high volatility in credit portfolios and earnings, financial service firms are embracing new solutions to help them manage risk throughout their operations. Investigations of suspected criminal activity within a financial institution can often be cumbersome and inconsistent, exposing the institution to additional monetary loss as well as regulatory risk. Expanding on the company’s existing case management capabilities, it claims the new independent Case Management system allows banks, securities firms, and insurance companies to standardize and streamline the investigation process. The system is designed with a built-in ‘business logic’, or set of industry best-practice rules specific to each case type – from suspected fraud and employee theft to money laundering and Know Your Customer cases originating from alerts triggered by monitoring systems.


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