Wolters Kluwer Financial Services announced today the launch of its Wiz Sentri™ Financial Crime Control platform. Utilizing real-time, continuous behavioral and transaction monitoring and analysis, the solution aims to help financial institutions predict and prevent financial crimes before they occur. 
Institutions can use Wiz Sentri to fight money laundering and numerous forms of internal and external fraud, including wire/payments fraud, online fraud, check kiting and identity theft. The solution is designed to streamline processes, reduce operating costs and minimize risks tied to working with multiple providers and disparate technology systems.
The Wiz Sentri platform enables institutions to create and update profiles of normal customer, employee, account and transactional activity. If the system detects anomalous behavior or transactions that may indicate early-stage suspicious activity, it immediately notifies the institution, helping the institution to prevent a possible financial crime from occurring.
“In today’s soft economy, financial institutions can’t afford the monetary and reputational losses that accompany financial crimes,” said Tom Leuchtner, director of the Financial Crimes business unit at Wolters Kluwer Financial Services. “By investing in a combined anti-fraud and AML solution with technology that actually enables a preventative approach, they can stop these crimes from occurring, realizing a substantial return on investment in terms of preventing financial losses and maintaining the trust and confidence of their customers.”
