When it comes to fighting financial crimes in the current financial environment, institutions have a number of challenges. The regulatory landscape has become increasingly complex due to the following factors: increased regulatory oversight, complex data management, sanctions compliance in unstable geopolitical contexts, the emergence of sophisticated money laundering techniques, and trade-based money laundering. Financial institutions must manage risks and operational efficiencies while maintaining compliance under extreme pressure.

This is where IMTF steps in. Financial institutions can strengthen their financial crime prevention measures with the help of IMTF, a trailblazing RegTech force that strikes the perfect mix between efficacy and efficiency. IMTF, which was founded in 1987 and has its headquarters in Givisiez, Switzerland, has always been at the heart of providing innovative solutions that alter the way financial institutions handle compliance and fight financial crimes. By combining the most recent developments in artificial intelligence (AI) and machine learning (ML), their ground-breaking platform, Siron®One, raises the bar for the sector. 

The objective of IMTF is to empower financial institutions by offering instruments that minimize false positives and improve alert detection accuracy. With maintaining the quality and accuracy of alerts while optimizing resources and efforts, this dual focus makes sure that no pertinent alarm is overlooked. Global financial institutions, including well-known customers like DBS, HSBC, Luminor, Vodafone, Raiffeisen, and others, rely upon IMTF’s creative solutions to help them deal with the challenges of compliance in the regulatory environment.

Today’s financial institutions have many obstacles to overcome in order to remain compliant:

•         Changing Regulatory Environment- Constant revisions to laws and different jurisdictions necessitate reliable systems that can adjust precisely and quickly.
•         Data Integration and Management- Operational effectiveness in compliance depends on the effective management of massive volumes of data to obtain insightful understandings.
•         New Trends in Money Laundering and complex tactics such as trade-based money laundering (TBML) require advanced analytics and monitoring systems.Sanctions Compliance- The Ukraine-Russia conflict has underscored the challenges of sanctions compliance in general but has also elevated sanctions circumvention to new heights. A multi-dimensional approach to data analysis can assist financial institutions in managing this. 

IMTF provides a range of innovative approaches for addressing these issues:

•         All-inclusive Compliance Solutions- The Siron®One platform provides a one-stop-shop approach to Anti-Financial Crime (AFC) by covering and integrating all relevant regulatory use cases, be it customer onboarding and KYC, transaction monitoring or sanctions screening. The integration of data in this platform allows customers to address more complex criminal patterns like sanctions evasion, trade-based money laundering and real-time AML.
•         Advanced Data Integration and Analytics- A single view of risk and compliance metrics is made possible by seamless data integration from many sources, which improves the capacity to identify possible problems early on and take appropriate action. In-built AI enables IMTF’s client to cut through this complexity at utmost efficiency.
•         Improved AML efficiency- Utilizing AI and ML, IMTF’s solutions are able to more efficiently identify and evaluate suspicious activity, manage increased regulatory scrutiny, and reduce risks
•         Sanctions Screening and Monitoring- Reliable tools for screening and keeping track of sanctions guarantee efficient administration and adherence to global regulations. In a time of heightened scrutiny surrounding penalties, Siron®One provides real-time AML and automated screening procedures.
•         No-Code approach– Without requiring a lot of technical knowledge or training, Siron®One’s user-friendly interface guarantees usability and flexibility by enabling users to modify and tailor solutions to their own requirements without the need for programming knowledge.

To improve companies’ operational effectiveness and compliance journey, IMTF provides a variety of strategic services:

•         Global Partner Network and Consulting- IMTF’s consulting services enable financial institutions to optimize their anti-financial crime frameworks and address regulatory challenges. In addition, IMTF’s global network of resellers and implementation partners guarantees localized support tailored to regional regulatory requirements and operational demands.
•         Deployment Support and Software-as-a-Service – IMTF guarantees rapid and smooth deployment using Software-as-a-Service (SaaS) and containerization, allowing software to scale to meet demand and streamline the implementation process.
•         Program for Customer Success with IMTF Campus- Committed to ensuring customer success, IMTF provides ongoing assistance, frequent updates, and proactive involvement to optimize the value of IMTF’s solutions through its IMTF Campus platform.

With its comprehensive and integrated approach to combating financial crime, IMTF stands out in the RegTech industry. Their solutions leverage data from throughout the platform to provide all pertinent use cases with comprehensive anti-financial crime capabilities. Offering the lowest total cost of ownership in the sector, IMTF’s highly standardized yet adaptable solutions are simple to configure and upgrade to stay up to date with innovations and regulatory changes.

Leading analysts have long recognized IMTF’s Siron® capabilities, which have garnered great acclaim for the organization managed by co-CEOs Dr. Sebastian Hetzler and Gion-Andri Büsser. In the latest Chartis Financial Crime & Compliance 50 ranking, IMTF ranked #9 and won the subcategories of “Europe” and “Mid-tier banking.” In addition, IMTF was recently listed as one of the leading innovators in the financial services industry fighting financial crime, fraud, and money laundering on the FinCrimeTech50 list from FinTech Global.

IMTF’s goal is to make AI innovations affordable and accessible to all financial institutions, including Tier 2 and Tier 3 banks. It does this by ensuring that its solutions remain industry-leading, improving the user experience across its integrated suite and leveraging customer data for better transaction monitoring and sanction control. By containerizing processes, it can speed up the deployment of its solutions and offer scalable solutions that adapt to the changing needs of financial institutions.

“Our aim is to ensure that even smaller financial institutions can reap the benefits of the latest innovations without having to invest a fortune,” says Dr. Hetzler.

With their innovative Siron®One platform and all-encompassing strategy, IMTF is positioned as a pioneer in financial crime solutions, enabling financial institutions to achieve unmatched efficiency and effectiveness in their compliance endeavors.