CW360

CW360 is a compliance solution specifically designed for small and medium-sized banks and alternative financial institutions, according to ComplianceWise, the vendor. It is utilized by compliance professionals, risk management professionals, financial analysts, and various professionals in the banking and financial industries. With its advanced features and capabilities, CW360 aims to streamline compliance processes and enhance risk management for businesses of all sizes.

Key Features

Transaction Monitoring: According to the vendor, CW360 utilizes artificial intelligence and machine learning to identify transactions that deviate from expected behavior. It reports outliers for further investigation and learns from confirmed outliers to provide warnings in similar cases. It also defines new profiles for completely new behavior, leading to improved future performance.

Enhanced Transaction Monitoring: The vendor claims that CW360 uses machine learning to search through all profiles and transactions, eliminating blind spots and identifying connections that may have been missed previously. It only flags genuine red flags, reducing the risk of errors and providing users with full control and peace of mind.

Know Your Clients (KYC) Process Enhancement: ComplianceWise states that CW360 guides users through the entire KYC process, enhancing the quality and content of due diligence procedures. It minimizes the time and effort spent on due diligence, allowing more time for analysis. It automates KYC processes, including data collection, screening, acceptance, monitoring, and reporting, saving significant amounts of time for highly skilled professionals.

Streamlined KYC Process: According to the vendor, CW360 streamlines the KYC process, saving time and effort for users. It allows highly skilled professionals to focus on analysis rather than administrative tasks. It automates data collection, screening, acceptance, monitoring, and reporting, providing a comprehensive KYC solution.

Risk Assessment and Management: The vendor claims that CW360 offers robust risk assessment and management capabilities, enabling users to identify and mitigate potential risks effectively. It provides comprehensive risk monitoring, analysis, and reporting tools, ensuring compliance with regulations and industry standards.

Regulatory Compliance: According to ComplianceWise, CW360 helps businesses stay compliant with regulatory requirements by providing real-time monitoring, reporting, and alerts. It ensures that businesses adhere to anti-money laundering (AML), counter-terrorism financing (CTF), and other regulatory obligations.

Data Analytics and Reporting: The vendor states that CW360 offers advanced data analytics and reporting features, allowing users to gain valuable insights from their compliance data. It provides customizable dashboards, visualizations, and comprehensive reports, enabling informed decision-making and proactive risk management.

Automated Alerts and Notifications: According to ComplianceWise, CW360 automatically generates alerts and notifications for suspicious activities, enabling timely action and reducing the risk of compliance breaches. It ensures that potential risks are promptly identified and addressed, enhancing overall compliance effectiveness.

Compliance Workflow Management: The vendor claims that CW360 streamlines compliance workflows by providing a centralized platform for managing compliance tasks, documentation, and approvals. It offers task assignment, tracking, and collaboration features, ensuring efficient and organized compliance operations.

Integration and Scalability: ComplianceWise states that CW360 seamlessly integrates with existing systems and applications, allowing businesses to leverage their current infrastructure. It is scalable and adaptable, accommodating the evolving needs of growing businesses and ensuring long-term compliance effectiveness.