Take a collaborative approach to detecting and preventing financial crime while enhancing Know Your Business processes and compliance with analytical insights derived from key data sources and trained against fraud and AML markers. Experian have developed a FRAML Score to support both AML and fraud teams identify suspicious activity and manage risk during every stage of the customer journey.
How can we help?
Using a data-driven approach, which combines both fraud and AML best practice, we can help you better understand your commercial customers and the people behind the businesses. Our FRAML Score can help you to identify risk quickly and more accurately, reduce false positives, automate manual processes, and enhance customer experience while meeting regulatory compliance.
A FRAML Score has been developed using variations of AML Flags (Adverse Markers and Cashflow Profiles) which indicate the potential risk associated with a business. Adverse Markers and Cashflow Profiles are two different data sources which are analysed for patterns and trends which could indicate anomalous activities and detect fraud. We used these AML Flags and the underlying data, to develop the FRAML Score by linking them to known fraud of business directors or owners.
The FRAML score can be used within your process with customisable cut offs based on your risk appetite. Alternatively, a bespoke analytics engagement can be carried out to build a model tailored to your own data.
Download product sheetMore confidently onboard ‘good’ customers
Comply with regulatory requirements
Reduce workload and prioritise cases based on your risk conditions and requirements
Identify suspicious behaviour earlier for investigation
Move away from costly period remediation programs and detect more financial crime in life
Automate manual processes for compliance staff
Stay up to date with changes to a customer's profile and risk exposure
Protect and maintain your brand reputation in the market