Transaction Monitoring Application
OmnePresent has developed an application for a financial company that helps them to monitor financial transactions.
About the Client
A leading Financial Service Provider based in Mauritius
Overview
The client needed an app that can screen all financial transactions in order to to create a checklist based on transaction details and spot suspicious transactions, such as high-value cash deposits or unusual account activity.
Customer Challenges
Changing database from Sharepoint to SQL.
Manual transaction monitoring is resource-intensive and time-consuming and runs the risk of costly human error.
Facing difficulty in Data Normalization.
Solution
With PowerApps OmnePresent has created an app that automates and speeds up the entire Transaction Screening process. The accounting team can create a checklist based on transaction details received from the app. Based on this checklist enterprises can detect unusual transactional activity to prevent financial crime.
Customer Challenges
Changing database from Sharepoint to SQL.
Manual transaction monitoring is resource-intensive and time-consuming and runs the risk of costly human error.
Facing difficulty in Data Normalization.
Solution
With PowerApps OmnePresent has created an app that automates and speeds up the entire Transaction Screening process. The accounting team can create a checklist based on transaction details received from the app. Based on this checklist enterprises can detect unusual transactional activity to prevent financial crime.
Client Benefits
Using this application
the client can easily do
the screening for a large
volume of transactions.
Reduce the operational
cost of manual reviews.
Increased data accuracy.
