Financial Institutions

Leverage the power of the Fintel Network to share information - it's secure and legally compliant

Information Sharing Wizard

314(b) Sharing* - Structured, Secure, 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 Intelligent Analytics

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.

Fintel Benefits

Incoming Requests Better Predict Real Issues

Typical surveillance systems are notorious for producing a high number of false positives. Incoming sharing requests provide qualified prompts to investigate further, ensure that investigative and analyst resources are deployed to actual problems.

Augment and Improve Existing Systems

Data sharing and collaboration among financial institutions enhances current customer and transaction due diligence and monitoring efforts.

Make Better Decisions

Why make decisions about opening or closing an account, stopping a transaction, or filing a SAR with a limited set of facts? Communicating with other institutions allows for the gathering of new information about accounts, activities, associates, and/or segments of complex financial trails.

File More Comprehensive and Complete SARs

SARs prepared after collaborative efforts are typically more valuable to law enforcement and regulators.

Fintel Features

  • Fail-safe Communication

    Ensure the critical collaboration process with other institutions for illegal activities is fast, accurate and fail-safe - Read receipts, no-response alerts, message routing and message triage.

  • Regulatory Compliancy

    Algorithms assist you in determining whether or not the sharing of customer data complies with the appropriate regulations – GLB, BSA, PATRIOT Act.

  • Manage Contacts

    Manage all correspondent contacts needed for communications with other institutions regarding illegal activities including those from the Treasury’s 314(b) list as well as your firm’s other contacts.

  • Auditability

    Case histories can include both Fintel communications as well as emails and phone logs.

  • Structured Information & Analysis

    Categorize and analyze cases by subject, content, location, etc. and see real-time industry trends.