Tara screens transaction and payment alerts to help identify potentially risky transactions and relationships, and then escalates problematic scenarios to your compliance and AML subject matter experts.
Tara features out-of-the-box support for Firco Continuity with Case Manager, LN Bridger XG 5 and OpenCorporates. She can also integrate with other systems on a custom, ad-hoc basis.
Tara works seamlessly with watchlists produced by these organizations and governments, among others: OFAC, UN Security Council, OCC, HM Treasury, FBI, EU and the Department of State.
Tara can screen alerts for countries, people, organizations, banks, and companies that may be involved in sanctionable activity. Some examples of these activities include human rights abuses, terrorism, cybercrimes, narcotrafficking and the proliferation of WMDs, among others.
Tara and Evelyn work together to automate the majority of tasks performed by L1 analysts, but typically, the goal is not to replace headcount with our AI Digital Workers. The true goal is to expand the capacity, scalability and productivity of your AML and compliance teams.
Not at all! Our transaction screening software focuses on alert review, which typically requires a ton of manual labor due to the high-level of false positive hits.
Yes. Tara does screen real-time payments – in real-time – to ensure payments are moving instantaneously.
Typically, customers do not need to retrain Tara’s underlying decision models. Therefore, it is best to either tune or contact WorkFusion to advise.
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