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© 2017 Jack Henry & Associates, Inc.®1 © 2017 Jack Henry & Associates, Inc.®

Enterprise Risk Mitigation SolutionsJack Henry & Associates, Inc.®

Tammy Bangs-Risk Sales Engineer

© 2017 Jack Henry & Associates, Inc.®2

Presenter

Tammy Gilleland Bangs, CAMSRisk Sales Engineer

[email protected] with me:


Legal Disclaimer: Dates contained in this presentation are provided as estimates only and can be changed at any time at the sole discretion of Jack Henry & Associates, Inc. This information may not be incorporated into any contract and should not be relied upon in making purchasing decisions.

HANK YO FOR THEOPPORTUNITY TO

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• Anti-Money Laundering (AML) Program: The Next Level• SAS and JHA Partnership: Better Together• JHA Enterprise Risk Mitigation Solutions™ Can Help• Live Demonstration• Questions and Answers

Agenda


Five ways community and regional financial institutions can move forward with confidence


Converge fraud andAML programs.

Capture cyber data for suspicious activity reports

(SARs).

Streamline case management with automation powered by machine

learning.

Fortify “know your customer” (KYC) processes.

Improve detection rates with advanced analytics.


New Product/Offering Philosophy

Buy?

Build?

Partner?


JHA brings integrations into over 350+ solutions

JHA bringing in Community bank and Mid-tier knowledge

JHA & SAS Partnership

JHA adding SAS’s industry leading analytics

Bringing SAS’s solutions down market


Company Overview• Founded 1976 by CEO Dr. Jim Goodnight• $3.12B in Revenue in 2016• 100 PHD’s on staff• 14,000 employees in 59 countries• Headquartered in Cary, NC

Financial Services Division• Service 90 of the top 100 banks globally (in assets) • 3,100 SAS Financial Services customers

ERMS JHA/SAS Partnership


The Forrester Wave™: Enterprise Fraud Management, 2016

ERMS JHA/SAS Partnership


Partnership - Clear Delineation

All banks that run a JHA core

All banks under $30B in assets regardless of core

JHA must run this in our cloud


Even Better Together

• 3,500+ of financial institutions worldwide use SAS®

• 17 of the top 25 global banks use SAS for financial crimes risk management

• 40 years of proven data management and analytics experience

• 76% reduction of false positives

• ~9,000 clients—primarily bank and credit unions in the U.S.

• 300+ products and services• $1.43 billion in revenue• 30 years of outsourcing experience• 42 years of proven business

experience


ERMS Overview

Broadened and enhanced analytical capability to meet the current and future data analysis needs

State-of-the-art predictive analytics, neural networks, cross-channel analytics and in-memory analytics

Easy to use singular user interface for risk mitigation

Real-time decisioning of fraud transactions

Centralized collection of JHA and third-party data to increase ability to catch complex risk events


ERMS Modules: AML

Risk Ranking• Client risk-scoring engine• Default risk attributes• User interface capable of

supporting enhanced due diligence review

Transaction Monitoring• Structuring• Layering• Velocity• Wire analysis

• ACH analysis• Custom

analysis

Risk Ranking

Transaction Monitoring

AMLTransactionMonitoring


ERMS

State of the Art Data Visualizations


Retail Clients

Private Clients

Commercial ClientsMortgages

Securities • Database• CDD/KYC• List search• Risk rating• Transactional analysis

Tying Together Disparate Information


Holistic Overview

Who are they connected to?

Who are their affiliations?

What products do they use?

How do they shape events?

Your Customer


Holistic Overview

Your Customer

• Family• Employees• Coworkers

• TreasuryManagement

• Mobile banking• ATM

• Watchlists• Industry

affiliations• Official

records

• Offshore accounts

• Purchases• Foreign AR


A powerful means of collecting artifacts and data relevant to research and investigations

ERMS Workplaces and Insights

WorkspacesProvide a “dynamic” space for reviewing data

InsightsProvide areas for managing/holding all documentation collected during research and investigation phases


Enables targeted transaction analysis in precise terms:

– Increases institution’s ability to detect truly suspicious behavior

– Decreases time and work-effort spent on erroneous alerts and false positives

ERMS Scenario Building

--

-


ERMSERMS will enable users to effectively

– Mitigate institutional risk– Detect and take quick action on

suspicious activity– Document research and

compliance efforts thoroughly


ERMS Modules

AMLACHWireCTR

DepositCheckInsiderCard

• Risk Ranking• Client risk scoring engine• Default risk attributes• User interface with enhanced due

diligence review

• Transaction Monitoring • Structuring• Layering• Velocity

• Wire analysis• ACH analysis• Custom analysis

Anti Money Laundering


ERMS Modules

AMLACHWireCTR


• Single ACH• Batch ACH• Account

Takeover

• Bill Pay• Peer to Peer• IRS Fraud

Automated Clearing House


ERMS Modules

AMLACHWireCTR


• Domestic Wire• Foreign Wire• Common Originators• Common Beneficiaries• Account Takeover

Wire Fraud


ERMS Modules

AMLACHWireCTR


• Aggregation• Filing• Exemption Status

Currency Transaction Reporting


ERMS Modules

AMLACHWireCTR


• Unusual Deposits• Velocity• On us• Remote Deposit Capture

Deposit Fraud


ERMS Modules

AMLACHWireCTR


• Changes in Amount• Changes in Serial number• Velocity Checks

Check Fraud


ERMS Modules

AMLACHWireCTR

DepositCheckInsider

Card

• Permission Changes• Changes in Due Dates• Velocity of GL Transactions

into Account• Dormant Accounts

Insider Fraud


ERMS Modules

AMLACHWireCTR


• Debt Card• Credit Card• Common Point of

Compromise• Velocity• Geo location

Card Fraud


Shared Across All Modules

Case Management

Full Workflow and Approvals

Built in test environment

Workspace/Insights

Suspicious Activity Reports (SAR) Management


ERMS High Level Timeline

• 2018

ACH & Wire Module

• February 2018

AML Module GA

• Delivered through 2019

Remaining Modules


Early ERMS AML Reviews

• Janice Costa - Brookline Bancorp, Ipswich, MA – “JHA and SAS are giving more banks ease of access to

advanced and intuitive risk identification and management."

– “ERMS is scalable, configurable, and intuitive. We can visualize the efficiencies delivered via this solution by receiving even higher quality, meaningful alerts, which results in giving our bank more time to focus on other areas of risk.“


Early ERMS AML Reviews

• Carlos Mejia – Pacific National Bank, Miami, FL– “Looking at systems in the community and mid-tier space there is

nothing on the market that has the analytical power ERMS has. The only thing that you are limited by is literally your own mind. If you can think it and the data is available you can create it”


Live demonstration


[email protected]

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