Wiz Sentri™: Red Flags

Automated Red Flags Identity Theft Solutions Make Compliance Easy

Developing appropriate policies and procedures is a critical step in creating your FACT Act Red Flags program-however this alone won't deliver compliance. For most institutions, it will be imperative to implement an automated solution that will enable you to detect and respond to all of the Red Flags for both new and existing accounts.

Wiz Sentri: Fact Act Red Flags Solution

The Wiz Sentri: Fact Act Red Flags software solution is a comprehensive set of tools that will enable you to detect and respond to all of the Red Flags for both your new and existing accounts. In addition to automating ID Verification and ID Authentication, the new Wiz Sentri Fact Act Red Flags Solution facilitates the investigation and documentation of all findings, enabling complete compliance with the new regulations.

Details:

Wiz Sentri: Fact Act Red Flags is a comprehensive CIP verification and account/ employee profiling solution that provides the framework to detect, prevent, and mitigate identity theft in connection with new and existing accounts. Key features and functionality include:

Assessing the identity risk of your account applicants
Verifying individual and business identities
Screening applicants and account holders against government watch and other lists
Risk rating customers at account opening
Automating Customer Due Diligence (CDD)
Authenticating customer identities
Performing appropriate recordkeeping
Account and employee profiling
Ongoing activity monitoring
Case management

To see how Wiz Sentri: Fact Act Red Flags will work – see the graphic below (click to enlarge)