Regulatory & Compliance
Ensuring full regulatory compliance with automated reporting
Problem Statement
The bank struggled with manual compliance processes, delayed RBI reporting, and high risk of AML/KYC violations. Compliance officers spent over 60% of their time on manual data collection and report preparation, leaving little bandwidth for actual risk analysis. Audit readiness was poor and findings frequently resulted in regulatory notices.
Solution Provided
Lumien developed an automated compliance system with real-time monitoring, AML/KYC validation, and instant report generation aligned with RBI regulations. The platform consolidates data from all banking modules, applies configurable rule engines for suspicious transaction detection, and generates submission-ready reports for RBI, FIU-IND, and internal audit committees.
What's included
Results & Impact
Measurable outcomes delivered after implementation.