Finance
Compliance and Regulation
Automated fraud detection
Consistent regulatory adherence
Transparent audit trails
Efficient risk management
Our clients trust us
The pain
The challenge: regulatory complexity, manual errors, and compliance risks
Ensuring compliance across an organization is resource-intensive and prone to human error. Common challenges include:
- Inconsistent application of regulations: Manual compliance processes lead to gaps and vulnerabilities.
- High risk of fraud and financial loss: Delayed detection of suspicious activity increases exposure.
- Time-consuming audits and reporting: Manually gathering compliance data is slow and inefficient.
- Scaling compliance programs: As businesses grow, ensuring regulatory consistency across multiple locations and teams is complex.
How Bonita helps
Bonita automates compliance workflows, fraud detection, and governance procedures to improve accuracy, reduce human intervention, and ensure real-time monitoring of risks.
With Bonita’s process automation, organizations can:
- Embed compliance into business processes with predefined governance rules and automatic verification.
- Generate real-time alerts for fraud detection and suspicious activity.
- Enforce security measures such as electronic signatures, KYC (Know Your Customer) verification, and access controls.
- Ensure accountability with automated audit logs and compliance tracking.
Meet the challenge with Bonita Process Automation
Ensure regulatory compliance, prevent fraud, and streamline governance with Bonita’s automation platform:
Fraud detection and prevention: Identify and respond to suspicious activities in real-time.
Certification and electronic signatures: Securely manage financial documents with automated approvals.
KYC and partner verification: Accelerate onboarding with automated identity verification processes.
Automated compliance reporting: Generate audit-ready reports and maintain regulatory adherence.
Governance and policy enforcement: Standardize rule application across multiple departments and locations.
Compliance and regulation use cases with BPM Automation
Real-time fraud detection in banking
A leading commercial bank struggled with manually identifying fraudulent transactions, leading to delayed responses and financial risks.
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Bonita automated transaction monitoring using predefined fraud detection rules and machine learning integrations. The system continuously analyzes transaction patterns, flags anomalies, and triggers alerts for immediate investigation.
Impacts
- Reduced financial losses through faster fraud detection.
- Improved compliance with regulatory requirements for anti-money laundering (AML).
Automated compliance reporting for financial institutions
An investment bank needed to streamline regulatory reporting for compliance with the Securities and Exchange Commission (SEC) and the Financial Conduct Authority (FCA).
Bonita automated compliance data collection, validation, and report generation, integrating multiple financial systems to ensure accurate reporting.
Impacts
- Faster report submission, reducing manual workload.
- 100% compliance assurance, with automated validation checks.
- Transparent audit trails for regulatory authorities.
Digital identity verification for KYC compliance
A global private bank faced delays and errors in manually verifying customer identities, affecting onboarding times and regulatory compliance.
Bonita automated KYC verification by integrating document validation, biometric authentication, and background checks into a seamless process.
Impacts
- 50% faster customer onboarding, reducing friction for new clients.
- Improved regulatory compliance, ensuring adherence to evolving global KYC standards.
- Enhanced security, with multi-factor authentication for identity verification.
Ready to simplify your processes with Bonita?
Every business deserves a solution that accelerates its success. With Bonitasoft, simplify, automate and transform your business processes. Take the first step towards optimal performance today. Let's talk about it?
