Our Services
In this complex world of financial services, third party consulting for effective risk management is critical for sustained success and regulatory compliance. At Thinkbox, we strive to bring unparalleled expertise in risk management, audits, documentation, mitigation and technology to bring scale and efficiency.
More About Regulation Technology Solutions
As the technology landscape evolve, the regulatory risk management domain is enhancing its tools and technologies that run it. At Thinkbox Consultants, we are following the trends in relation to connectivity and computing technology to address the challenges of risk, fraud and Anti-Money Laundering (AML) compliance.
Our Approach
Our approach leverages the inherent links between money laundering and fraud to reduce false positives, improve customer onboarding, and enhance transaction monitoring. By addressing fragmented and inefficient systems, we endeavour to build a cohesive and innovative solution that streamlines data sharing and decision-making.
In 2025, we anticipate a groundbreaking shift in the industry – institutions are expected to combine their fraud and AML defence mechanisms, creating a fusion approach known as ‘FRAML’. This paradigm shift will recognise the interconnected nature of money laundering and fraud. By understanding these links, institutions can:
- Reduce false positives in transaction monitoring
- Improve the speed and experience of customer onboarding
- Enhance the accuracy and efficiency of risk management
Unified Data Access
Thinkbox Consultants is determined to create a solution where teams have seamless access to both fraud and AML data and customer views. This unified approach allows for:
- More accurate risk decisions
- Streamlined data sharing and collaboration
- Improved regulatory compliance and oversight
Core Data Asset
The shared AML and fraud risks data will become a core asset for organizations. It plays a crucial role in maintaining accurate and up-to-date customer views, enabling:
- Better customer and risk decisions
- Enhanced protection for customers
- Closure of loopholes exploited by criminals
Risk Mitigation and Reporting
Our innovative RegTech solution offers transformative benefits:
- Identify Money Mules: Enhanced capabilities to identify money mules and their accounts
- Prevent Fraud: Improved mechanisms to prevent fraud and protect the financial ecosystem
- Optimize Resources: Efficient use of resources to benefit both the top and bottom line