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Eventus introduces Validus AML, an end-to-end AML solution

By Edlyn Cardoza

February 01, 2023

  • AML
  • Compliance
  • Digital Asset
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Eventus, Multi-Asset Class Trade Surveillance, Market Risk Solutions, Validus AML, AML, KYC, Traditional Finance, Digital Asset, Financial Crime, Risk Management, Regulatory, Compliance, Transaction Monitoring, USAEventus, one of the leading global providers of multi-asset class trade surveillance and market risk solutions, announced the broad introduction of Validus AML (VAML), a new end-to-end anti-money laundering (AML) platform aimed at helping firms in both the traditional finance and digital asset space combat financial crime. The new cloud-based Validus AML (VAML) offering uniquely combines a signals-based approach to behaviour detection, rules-based logic, and advanced data analytics to deliver a comprehensive solution producing significant efficiencies and adaptability for a changing regulatory landscape.

The product introduction represents Eventus’ first major expansion into a new surveillance sector, complementing its widely used Validus platform for trade surveillance, risk monitoring and algorithmic monitoring. While Validus has always provided transaction monitoring capabilities as part of trade surveillance, VAML will offer a full spectrum of robust detection, workflow, and case management tools for current and new clients, enabling them to reduce financial and regulatory risk, identify a range of illicit financial behaviours and further streamline their use of external vendors on critical compliance functions. Enhancements to functionality will be rolled out in phases throughout the year.

“Firms operating in traditional financial markets and digital assets alike are facing greater challenges than ever to protect themselves from those presenting a risk to their businesses and reputations, along with their standing with government regulators. Validus AML reimagines what an anti-money laundering program can do, reflecting a paradigm shift from traditional alert-focused solutions and taking the burden off compliance teams,” said Eventus’s CEO Travis Schwab. “We’re excited to introduce our flexible new solution, offering the ability to easily adapt to increasingly complex local, regional and global AML regulatory requirements and to keep pace with evolving business risk across geographies, business lines and client profiles.”

VAML is a Software-as-a-Service (SaaS) solution combining transaction monitoring, behavioural analytics and sanctions monitoring in a single, scalable and easily configurable platform that enables users to reduce the risk of fines and reputational damage while saving time and resources, focusing on only genuinely suspicious activity. Traditional AML platforms generate an alert for each suspicious event, which requires regulatory and compliance staff to stitch them together for a complete picture of activity from any given customer or entity.

VAML’s signals-based technology and flexible approach to AML behaviour modelling facilitate the aggregation of multiple events into a single ‘scenario model,’ dramatically reducing false-positive alerts and producing highly effective, targeted results. VAML also maintains a customer activity profile based on historical client behaviours and transactions, with the ability to generate signals when customer activity deviates from historical patterns, contributing to the sophistication of the scenario models.

Clients will be able to onboard almost any source of customer transaction and trade data from their own systems and third-party providers – along with continuously updated government watchlists – in a ‘low-touch’ fashion through the modular new platform, with out-of-the-box connectivity to the Validus trade surveillance platform. VAML gives clients a visual data layer to extract, transform and load any type of data, which, when combined with the client data, enriches Know Your Customer (KYC), customer lifecycle and ongoing transaction monitoring activities.

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