Pain Point
Vendor risk lacked visibility
Vendor performance information sat in separate spreadsheets and partner records. Leadership could not review it alongside the provider’s other risk information.
Case Study - Digital Wallet
Digital wallet reduced manual review by 70 percent
A regional digital wallet provider connected ledger monitoring, sanctions screening and risk records. After deployment, manual review fell by 70 percent and analysts recovered about 59 minutes each day.
The Impact
Results from the deployed monitoring workflow
These results apply to the digital wallet workflow and operating context described in this case study.
70%
Less manual review
24/7
Continuous monitoring
Minutes
To deploy
~59 min
Analyst time recovered daily
The Problem
Separate records delayed each risk review
A regional digital wallet provider managed ledger, partner and sanctions risk information across spreadsheets and separate records.
Pain Point
Sanctions screening fell behind
Manual screening updates followed changes to sanctions lists. This created a delay between a source update and the next completed screening review.
Pain Point
Consolidation delayed review
Analysts spent about 59 minutes each day bringing records together before they could begin the assessment.
The Solution
Risk Llama connected monitoring and screening records
The team deployed ledger monitoring, connected risk views and sanctions screening. Analysts could then review changes without first bringing separate records together.
Aggregation Layer
Monitor activity across core ledgers
The aggregation layer monitored activity across the provider’s core ledgers. Analysts used the resulting records to identify changes that required review in the daily monitoring workflow.
Connected Visibility
Review risk records in one dashboard
The dashboard brought ledger, vendor and sanctions risk records into one view. Analysts no longer needed to consolidate separate spreadsheets before beginning each review of reported changes.
Automated Screening
Update sanctions screening records
Automated screening processed changes from sanctions lists and presented the resulting records and matched details for analyst review. Final screening decisions remained with the provider’s team.
Deployment
Deployed in minutes
The team deployed the monitoring workflow in minutes and connected the records used in its daily risk review.
Risk Llama
Connect monitoring records before analyst review
See how Risk Llama can bring ledger monitoring, sanctions screening and risk information into one review workflow.
See what continuous monitoring looks like on your ledgers. Book a live demo.