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Reduction in Alert Review Time
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Reduction in Audit Prep Time
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Alert Quality Improvement
Financial institutions using SimpliRisk have dramatically strengthened their BSA/AML oversight while reclaiming valuable staff time. Previously, teams spent hours each day manually reviewing transaction reports and filing individual CTRs and SARs. SimpliRisk’s automation and batch filing have turned that into a one-click process, cutting daily review and filing time to a fraction.
Legacy systems once produced hundreds of unfocused alerts that overwhelmed staff. With SimpliRisk, alerts are up to five times more valuable and fully customizable, helping teams zero in on what truly matters. Institutions have also expanded monitoring to new transaction types previously unavailable through their core systems.
Audit preparation has become simpler and faster—reports are easy to generate and consistently meet NCUA examiner expectations. In one instance, a single SimpliRisk alert uncovered a fraudulent withdrawal that led to discovering $60,000 in additional suspicious activity before losses occurred.
By combining automation, smarter alerts, and full visibility, SimpliRisk enables compliance teams to operate proactively, focus on real risk, and stay audit-ready every day.