Sheshunoff Consulting + Solutions offers industry-leading independent BSA/AML model validation services for community banks, mid-sized regional banks, and credit unions, looking to maximize the effectiveness of their suspicious activity monitoring solutions and meet regulatory expectations.

We provide a robust assessments of the key components of your BSA/AML system, including data inputs, mapping, and parameters for customer risk rating and suspicious activity monitoring. We leverage our many years of specialized experience in banking, suspicious activity monitoring, and model validation to deliver the most cost-effective validation services available. We have an in-depth understanding of regulatory expectations and the strengths, vulnerabilities, and user best practices for a variety of AML solutions. We also have specific experience with each of the major core banking programs and the common ancillary systems for teller, platform, loan originations, wires, etc.

Beyond meeting regulatory expectations, our services can help you:

  • Recognize issues with your data
  • Reduce false positive alerts
  • Identify monitoring vulnerabilities and potential solutions

Our standard BSA/AML system validation engagements are competitively priced and include a review of both the effectiveness of your parameters and the quality of your data. However, we also offer versatile and high-quality expense-efficient alternatives, which can be tailored to meet your specific independent validation needs.

We have extensive experience with all the most common core systems and BSA/AML applications, including, but not limited to:

Core Systems

  • FiServ
  • COCC
  • FIS
  • Jack Henry
  • Symitar

AML Solutions

  • Verafin
  • FiServ Financial Crimes Risk Manager (FCRM)
  • Abrigo BAM+
  • GlobalVision Patriot Officer
  • FIS Prime Compliance Suite

Please call (888) 323-RISK for more information.