AML Software Implementation & Monitoring | Blog
AML software is a downstream system that consumes data from multiple sources. AML software analyzes data based on compliance models. This results in suspicious activity reports. Further, they also monitor data for regulations such as FATCA, trade restrictions, sanctions, and watch list.
However, if the incoming data is not good then these results cannot be relied upon. It is basically at the mercy of upstream systems.
iCEDQ is an in-memory data audit rules engine. It sits between the data sources and downstream systems such as ALM. It can validate and reconciliation data coming from multiple data sources. Thus, managing data issues before it affect the downstream system.