Introduce sanctioned bank warnings into customer and internal-facing payments channels and achieve an early line of defense against compliance risk while improving operational efficiency and customer experience.
Enable real-time decision-making before initiating payments and:
- Avoid unnecessary processing delays, repairs and costly failed payments later in the payments journey
- Accelerate the end-to-end payments process
- Achieve higher straight-through processing rates
- Reduce staff workload and spend less time handling failed payments and easing frustrations
- Add an additional layer of security that complements existing FCC controls