Integrated Risk Management and Mitigation
The Federal Financial Institutions Examination Council (FFIEC) stresses the importance of monitoring, reporting and senior management oversight in the RDC and Mobile Capture process. CheckConvect provides an integrated risk management console allowing you to monitor and act upon risk as it happens.
Real Time Monitoring, Reporting and Proofing
View your deposit queue in real time and generate user, group and activity-based reports.
Implement your own entitlements and approval strategy including dual- and multi-user approval
Immediately identify if an item has been previously deposited at your financial institution of it has previously been present in an incoming ICL
Ensure images of deposited checks conform to Fed standards before acceptance. Identify mismatches between CAR and LAR amounts and flag images that have been potentially modified. Allow for hard dollar limits on remote deposits.
Use information on account balances, credit history and length of custom to determine whom to offer the services to and decide on appropriate deposit/transaction limits.
Choose to have email or SMS alerts sent to human overseers in the event of suspicious activity. Put automated holds in place once certain criteria are met.