Leverage the power of the Fintel Network to share information - it's secure and legally compliant
Communication between Financial Institutions is essential for managing risks from money laundering, fraud and terrorism. Fintel mitigates losses, reduces costs and increases efficiency by identifying, tracking and resolving inbound and outbound 314(b) sharing requests.
Fintel is cloud-based software that is used alongside existing systems with minimal impact on IT and operational risk management processes. Leveraging the directory of financial institution representatives in the PATRIOT Act, Fintel sets a new standard for private, secure communication and compliance when it matters most.
*FinCEN Fact Sheet – “Section 314(b) of the USA PATRIOT Act provides financial institutions with the ability to share information with one another, under a safe harbor that offers protections from liability, in order to better identify and report potential money laundering or terrorist activities”.
Fintel’s Intelligent Analytics leverages it’s data model with artificial intelligence and big data, enabling individual institutions to create analytic reports and dashboards, predict trends, calibrate internal risk models and enhance their clerical processing activities.
The powerful Fintel Network aggregates anonymized data from all Fintel users, forming a basis to recognize patterns, reveal insights and create alerts into activity across the network.