Providing 24x7 global protection
With digitization at its peak, financial crimes and vulnerabilities through digital modes have increased exponentially, leading to an increased need to safeguard against these risks and stay compliant. While regulatory norms governed by technological advancement have helped banks and financial institutions safeguard against rising risk, an increase in dynamic workforces, AI-based digital intervention and strict governance have forced service providers to create new operating models.
HCLTech's Financial Crime Prevention (FCP) practice brings together the expertise of certified specialists, including MLRO/AML/fraud prevention experts, to deliver 24x7 global coverage and protection. By combining our deep FCP domain knowledge with advanced technology from our partner ecosystem, we help financial institutions transform FCP operations, reduce costs, mitigate risks and enhance regulatory compliance.
Empowering Businesses with Core Levers
Why choose HCLTech?
Solutions that Work for You
At HCLTech, we are committed to safeguarding businesses and institutions from the growing risks of financial crime. Our comprehensive suite of solutions is designed to detect, prevent and mitigate fraudulent activities, ensuring compliance with regulatory standards. With the best-in-class advanced AI technology, our tailored solutions detect patterns, flag anomalies and identify potential threats faster and more accurately than traditional methods.
- AI-driven customer due diligence for onboarding and ongoing reviews
- Automated workflows that integrate global sanctions, Politically Exposed Person (PEP) and adverse media checks
- KYC transformation and remediation services leveraging advanced RegTech solutions
- Real-time monitoring powered by behavioral analytics and ML models
- Seamless payment and transaction screening across platforms like SWIFT and SEPA
- Accelerated fraud triage with significantly reduced false positives
- Advanced alert triage and Suspicious Activity Report (SAR) drafting using GenAI
- Reduced false positives with behavioral analytics
- Optimized payment and transaction screening for sanctions exposure
- Integration of RegTech solutions for seamless compliance
- Automated chargeback handling for faster resolution and recovery
- Comprehensive dispute investigation from initiation to arbitration
- Tailored financial risk management solutions designed for scalability and efficiency
- Advanced analytics for entity resolution and streamlined remediation of siloed customer data
Case Studies
Harnessing the power of AI for efficient dispute resolution and fraud detection
HCLTech helped a leading Fintech organization to navigate complex business expansion challenges
HCLTech transformed the global sanctions and transaction screening landscape with a robust quality assurance framework
HCLTech integrates advance compliance tools and leverages GenAI to overcome operational and regulatory barriers for a global retail bank.
HCLTech empowered a leading European bank to streamline the KYC process, thus enhancing compliance and efficiency
HCLTech addressed the complexities of chargeback management through its comprehensive automation and advanced analytics suite of solutions
HCLTech assisted a leading European bank in setting up global KYC platform to transform their KYC operations.
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Our Insights
HCLTech assisted a leading bank in aligning with the ESG guidelines by transforming their transaction ESRA assessment process
Read how HCLTech collaborated with our client to develop an application for verifying customer data, therefore improving the accuracy of customer data during onboarding.
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Testimonials
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Connect with us to see how we can help you build resilience, drive compliance and stay ahead of financial crime.
Frequently Asked Questions about Financial Crime Prevention
Financial crime prevention in banking refers to the strategies, processes and technologies used to detect, deter and respond to threats like money laundering, fraud, sanctions breaches and other illicit activities. At HCLTech, we leverage deep domain expertise and advanced technology to help our clients safeguard assets, protect reputations and maintain regulatory compliance.
Financial crime risk management addresses threats like money laundering, terrorist financing, fraud, sanctions violations and data breaches. HCLTech’s solutions help clients identify suspicious activity, mitigate regulatory penalties and prevent reputational damage. Our expertise spans risk assessment, transaction monitoring, dispute management and network analytics for comprehensive protection.
Absolutely. AI and automation enhance fraud detection by analyzing vast data sets in real time, identifying behavioral anomalies and reducing false positives. At HCLTech, we deploy machine learning models and digitalCOLLEAGUE tools to accelerate fraud triage and deliver actionable insights. This results in faster and more accurate detection, as well as improved operational efficiency.
We play a critical role in sanctions screening by integrating automated workflows and RegTech solutions to monitor transactions against global sanctions lists. Our expertise ensures clients maintain compliance, avoid regulatory penalties and respond quickly to changing sanctions requirements. HCLTech’s scalable solutions deliver reliable, real-time screening for financial institutions worldwide.
Yes, our financial risk management strategies are designed for global scalability. We support clients across the US, UK, EMEA and APAC markets, tailoring solutions to diverse regulatory environments. Leveraging flexible engagement models, automation and domain expertise, HCLTech ensures consistent risk coverage and compliance for enterprises operating worldwide.
We deliver financial crime prevention through a blend of certified specialists, proven methodologies and AI-powered solutions. Our approach combines robust transaction monitoring, KYC/AML compliance, sanctions screening and fraud detection. By integrating automation and analytics, we enable clients to proactively manage risks, reduce costs and achieve seamless compliance across global markets.
We strengthen AML and KYC compliance by automating customer due diligence, integrating global sanctions and PEP checks, and leveraging advanced RegTech platforms. Our specialists streamline onboarding and ongoing reviews, ensuring regulatory adherence while reducing false positives. This approach enables clients to achieve efficient and scalable compliance across diverse banking operations.
Transaction monitoring enables early detection of suspicious activity by continuously analyzing transactions for patterns that may indicate financial crime. HCLTech uses advanced analytics and GenAI-powered alert triage to streamline monitoring, reduce false positives and ensure timely reporting. This proactive approach minimizes compliance risk and supports regulatory obligations.
Our dispute and chargeback services automate case handling, investigation and resolution, significantly reducing manual effort and turnaround times. By streamlining workflows and leveraging advanced analytics, HCLTech helps clients lower operational costs, improve recovery rates and enhance customer satisfaction. This efficiency drives tangible savings and better risk management.
We ensure 24x7 financial risk coverage by deploying global teams of certified experts, leveraging AI-driven monitoring and maintaining robust governance frameworks. Our round-the-clock operations and real-time analytics enable us to respond rapidly to emerging threats. With HCLTech, clients benefit from continuous protection and proactive financial crime prevention across all time zones.