BANKiQ FRC solution is real-time, cognitive (learning progressively) with automated preventive abilities. BANKiQ FRC software’s STR Module is well integrated with BANKiQ FRC – FRM module and also with the Sanctions screening software module. It is discreet and powerful at the same time providing Acquring Banks , Payment Service Providers (PSP) and Payment Aggregators (PA)  with maximum automation (hence less cost and friction) and at the same time having powerful integrated business tools for handling exceptions.

It has the ability to provide real-time alerts against FIU defined  Rules & Scenarios, which is provided as a pre-packaged part of the Rule library. Further STR Reporting as required by FIU / Regulator in XML format is provided out-of-box with the solution.