TCS Quartz Compliance is a comprehensive solution for all financial crime mitigation needs ranging from watch-list screening, KYC, anti-money laundering and regulatory reporting

Financial institutions across the world today are seeing a significant transformation of the regulatory compliance landscape. Cyber-attacks, money laundering, the rise in mergers & acquisitions, and the ongoing boom in digital currencies has led to increased cross-border activity resulting in penalties that can adversely affect both brands and businesses. It has become imperative for organizations across any industry to have access to a scalable, agile, and automated compliance solution that can anticipate as well as respond to emerging threats instantaneously. The advent of blockchain based compliance solutions on the cloud, offering an immutable record for transactions is proving to be attractive for both institutions and regulators.

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Quartz from Tata Consultancy Services has continuously been enhanced in response to industry trends and regulatory needs and is helping a number of financial institutions globally in proactively managing compliance risks, especially AML/CFT transaction monitoring. The solution has been enhanced with support for latest technologies including blockchain and AI/ML. It helps identify unusual customer behavior patterns across large transaction volumes encompassing a wide range of business lines, all from a single platform. The solution has continuously been enhanced in response to industry trends and regulatory needs and is helping a variety of financial and non-financial institutions in proactively managing compliance risks alongside AML/CFT transaction monitoring.