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RISK RATING
TRANSACTION MONITORING
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WATCH LIST SCANNING

COMPLIANCE AUTOMATION SOFTWARE… SIMPLIFIED

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  • “The staff at Pay Lynxs is attentive and quick to respond to questions and concerns.  SimpliRisk is a very user-friendly program, and we love the peace of mind it gives us in being able to catch suspicious activity and satisfy our auditors.”

    Lanna Christianson - Operations Specialist

    Prairie Federal Credit Union

  • “SimpliRisk provides a great balance of functionality and simplicity for small and mid-size credit unions, like us.  Their team is responsive and knowledgeable.   They work hard to continuously add features that meet our needs.   SimpliRisk helps improve our compliance and risk management programs while making our regulatory exams easier to satisfy.”

    Mike Athens - VP Operations

    Rio Grande Credit Union

  • "Simplirisk is simply that.  Simple.  Simplirisk's rule based logic is incredibly powerful, yet easy to apply, use, and understand.  It can be tailored to match any institution's BSA needs regardless of size and the staff and support is phenomenal."

Risk Rating

To risk rate members or customers, you will set your risk thresholds, values, and criteria by creating rule sets in the risk-rating model. You can create as many risk models as needed for different account types, member types, geographies or services.

Each risk criteria rule within the model is assigned a score and the total score will determine if the customer is above or below your threshold for review. You will have on demand access to your latest risk rating results from a dashboard report and can adjust your model(s) at any time.

Transaction Monitoring

The transaction monitoring module within SimpliRisk is the perfect complement to the risk-rating model.

While the risk-rating model will give you an aggregate view of your total customer base, the transaction monitoring module will allow you to define specific business rules that will trigger an alert for an individual customer’s activity, regardless of their risk rating.

Alerts will be scheduled according to your preference (e.g. once a month or quarterly). Historical alerts are kept to identify any regular recurring patterns and for audit tracking purposes.

Customer Due Diligence

With SimpliRisk you will get a 360-degree view of the member’s account to show transaction history, alerts, trending reports, case notes, and specific due diligence information about the member.

The member due diligence page will give you a home to record all compliance and risk related information needed about your member. It will retain the audit trail of all notes or information added for easy reporting.