Entity Monitoring

Monitoring

Monitoring

Monitoring

Monitoring

Our API is designed to continuously monitor entities—whether they are customers, vendors, or other business partners—for any changes in their status that might indicate risk. This use case is particularly valuable for financial institutions and fintech companies that need to stay compliant with evolving regulations and protect against potential threats.

Key Features

• Continuous Monitoring: Automatically monitor entities against global sanction lists, watchlists, and other risk indicators in real-time.
• Automated Updates: Receive instant notifications when there are changes to an entity's risk profile, such as being added to a sanction list or changes in ownership.
• Customizable Risk Profiles: Define and adjust risk parameters to align with your organization's specific compliance requirements and risk tolerance.
• Historical Tracking: Maintain a historical record of all monitoring activities and status changes for each entity, ensuring a clear audit trail.

Example Workflow

1. Onboarding and Setup: When a new entity (e.g., a customer or business partner) is onboarded, it is added to your monitoring list via our API.
2. Ongoing Monitoring: The API continuously checks the entity against relevant lists and data sources, looking for any updates that might indicate a change in risk.
3. Alert Generation: If the API detects a change, such as the entity being listed on a new sanction list, an automated alert is sent to your compliance or risk management team.
4. Review and Action: Your team reviews the alert, assessing the level of risk and determining the necessary actions, such as conducting a deeper investigation or terminating the relationship.
5. Audit and Compliance: All monitoring activities and outcomes are logged, allowing your organization to demonstrate due diligence and compliance with regulatory requirements.

Benefits

• Proactive Risk Management: Stay ahead of potential risks by monitoring entities in real-time, ensuring that you can respond quickly to any changes.
• Reduced Manual Work: Automate the monitoring process, freeing up your team to focus on more strategic tasks rather than repetitive checks.
• Enhanced Compliance: Meet regulatory requirements by maintaining up-to-date records and demonstrating continuous monitoring of high-risk entities.
• Scalability: Easily scale your monitoring efforts as your organization grows, with the ability to track thousands of entities simultaneously.