Letsasi SAMS is a modular tool kit, which allows users to fully automate AML/CTF alert validation and discount. It automates the level 1 and Level 2 process to allow for clear concise and accurate escalations to internal FIU (line 2).

SAMs is designed to automate level 1 operational processes. As opposed to most of the competition, we are not focused on reducing false positives through various pattern recognition methods. We are consumers of the alerts created and we automate the next phase of validation or discouont. Currently many firms rely on large numbers of HR for this task.

Letsasi standardises and bring consistency and efficiency to the operational process. We process cases on minutes rather than hours and produce consistent auditable reports for every single case. This replaces the current practice of dropping an alert into a workflow tool and then having armies of analysts manually poring over the various elements often providing inconsistent decisions.

Letsasi can provide value added to any firm that has obligations under the Money Laundering Regulations

In principle yes. Letsasi provides bespoke solutions and is fully adaptable to meet requirements of different sectors. The tool is scalable to any volume from just a handful of alerts to the large volumes seen in high street banks.

Letsasi SAMS uses open-source technology. The architecture is bespoke, but fully transferable. We have designed it to have a light touch integration and to be non-invasive.

Our modular approach and the process flow from repository to production, makes it straightforward but engaging to work directly with our partners to provide the best solution for them. Our calibration tools which can be accessed directly within the framework, and the facility to run a sandbox for testing and development add further flexibility.

Letsasi provides automation of alert management, we do not provide the alerts themselves. That said we cover a vast array of laerts across Transaction Monitoring, Client Screening and Payment Screening, using various specific techniques in each one.

The short answer is yes.  We have accomplished, and experienced professionals whose passion is scientific innovation. It is important to say though, that Letsasi focuses on identifying the most effective and simple solution. The very definition of intelligence (artificial or otherwise) is the ability to process information to provide simple and targeted solutions. That is our ethos. We use a wide array of tools always with simplicity in mind. Unlike some of our competition, we are not selling ‘machine learning’ and ‘AI’.  We are providing solutions to real problems.