Embracing cutting edge technology for safe banking
Craft Silicon's Solution
Winning features of Anti-Money Laundering (AML):
- System has the capabilities to detect and report suspicious activities
- End-to-end case management system
- Robust service delivery to customers
- Proper validation/authentication mechanisms
Continuous Evolution - Key Changes
- Compliance with regulatory requirements: Solution meets Kenya regulations mandate to get reports on transactions above $10,000
- Multiple integrations put in place to ensure a flawless experience to the customer
key achievements

Foolproof system, customised to fit the bank’s Core Banking System, daily operations and transaction processing

Maintenance of a list of members that form a part of the bank's active watch list

AML system is integrated across all channels in the bank through the core system, with real-time screening for all activities

AML system conducts fuzzy and phonetic searches, as well as percentage-based matching to mitigate false positives
key takeaway
Digital banking, along with its many benefits, also poses cybersecurity risks. Kingdom Bank was
able to provide secure and safe banking for its customers by leveraging upon Craft Silicon’s AML solution