TIVIT Stone Age anti-money laundering solution reduces analysis and decision time by 95%

The AML solution launched at Febraban Tech drives compliance efficiency in financial institutions, fintechs and other regulated entities

With the aim of meeting the needs of banks, fintechs, institutions specializing in electronic payments, brokers, insurance companies, real estate agencies, in addition to the Art and Luxury Goods sector and non-profit organizations, TIVIT Stone Age, TIVIT's business vertical specialized in credit analysis and fraud prevention, has just launched its AML solution during Febraban Tech. One of the main benefits of the initiative is the possibility of reducing the time required for analysis and decision-making in transactions related to the KYC and KYB process in transactional financial operations by up to 95%.

The head of Stone Age, Fernando Guimarães, explains that Stone Age AML offers an integrated and automated approach to screening and detecting suspicious activities “This feature aligns the solution directly with the requirements and objectives of fundamental Brazilian regulations such as Law 9.613/ 98 and circulars 3,461/09 and 50. These regulations are fundamental in establishing standards and procedures to prevent and combat money laundering and terrorist financing in Brazil”, he states.

The platform monitors transactions in real time and performs detailed risk analyzes of customers and suppliers on more than 200 national and international data sources with more than 17 million information records, generating compliance reports. Additionally, Stone Age AML simplifies alert and case management, enabling institutions to quickly respond to potential money laundering threats.

In terms of usability, the solution offers an intuitive interface, completely configurable to meet each customer's specific needs, supported by flexible implementation and ongoing support.

“The launch of Stone Age AML accentuates TIVIT's move towards prominence in the risk segment. Furthermore, the solution once again reflects TIVIT's ongoing commitment to supporting our customers in responding to the challenges of an increasingly hybrid, digital and hyper-connected world”, says Guimarães.