Financial Services

Helping financial institutions reduce their costs of operations and improve productivity.
Sumeru Nigeria
Financial Services

Collections Management

Whether it’s deposit mobilisation or reaching out to delinquent customers to recover overdue payments, this mobile app-based solution allows organisations to effectively manage on-field collections by agents or relationship managers. The app allows central visibility of physical money, eliminating the possibility of fraud and reducing auditing efforts.

Key Features
Sumeru Nigeria
Financial Services

Customer Onboarding

This solution acts as the centerpiece of your omni-channel digital onboarding process. Among its many features, this tool allows you to effortlessly assign leads from various digital channels to your sales team via a mobile app. The sales team can then quickly complete the applications and forward them for approval. Suitable for liability and asset products, the solution speeds up the laborious process of onboarding, provides full visibility of field operations and ensures adherence to key policies.
Key Benefits
Customer Onboarding
Sumeru Nigeria
Financial Services

Business Process Automation

In today’s complex business and tech ecosystem, organizations often struggle with a plethora of disparate processes across various operating units and departments. Adding to this complexity is the way in which data and processes are distributed across various technology systems and sources.

Huge challenges can arise when these processes are required to communicate and collaborate with each other to produce intelligent dashboards and reports. Many large organisations attempt to manually consolidate this data, which can take huge amounts of time and often involves a large margin of error. Reconciliation is a classic example that both large financial institutions and small accounting departments struggle with.

The BPA platform is a nimble, zero-code tool that can help save you time and money in automating and integrating your business processes.

Key Benefits
Sumeru Nigeria
KYC Automation

KYC Solution

The KYC solution is a fully digital, 100% configurable next-generation solution equipped to handle customer lifecycle processes across all client segments and geographies.

Through several industry-first features, it meet governance, assurance and reporting needs involving new client on-boarding as well as periodic or event-triggered reviews.

It delivers cost savings of over 50% in running the customer due-diligence processes, and multiple process efficiency benefits in management of the client lifecycle.

It cuts across all stages in the customer lifecycle process

Client Onboarding

Requirement Generator

Single click generation of data and document requirements

Connected Parties Identifier

Auto-build visually intuitive ownership tree

Due Diligence

Risk based due diligence Assess Product, Business, PEP, Sanctions, Adverse Media risks

Document Management

Verification Check Capture and track docs for Client & Connected parties

Risk Assessment & Decisioning

Auto risk assessment Overrides; Approval workflows

KYC Profile & Reporting

Version controlled Fully compliant KYC profiles; Audit Ready
Financial Services - KYC Solution
Key Benefits
Sumeru Nigeria
Financial Services

Audit Automation

A fully digitised auditing solution which integrates intelligent reports, robust scoring, configurable workflows and real-time updates, user management, checklist creation and dashboard and issue tracking to conglomerate the entire 360-degree auditing process into one simple tool.

For internal audit and quality assurance functions, Audit360 offers easy rollout of checklist-based audits/verifications. Central teams can quickly define checklists, assign them to the relevant field verification/audit agents and get real-time visibility on audit results.

Quick report generation, verification by auditees and an ability to track any issues in real-time make this solution indispensable.

Key Benefits
360-degree coverage
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Sumeru Nigeria
AML

Anti Money Laundering Suite

Compass Anti Money Laundering (AML) is a comprehensive AML solution that offers banks and other financial institutions a single platform to perform a host of activities including:

The solution helps detect and manage criminal economic activity and promotes integrity and stability within financial institutions. The Solution is able to seamlessly integrate with any source system or third-party system, and other salient features include watchlist screening and maintenance, single-window workflow with detailed case-management workflow, legacy migration, data deduplication, pattern and anomaly detection based on historical data and real-time monitoring.

AML solution also has an extensive rules library where predefined rules can be adjusted and simulated and new rules created. Sumeru has made certain Compass conforms with all requirements set up by regulators across different geographies to ensure compliance.

AML - Anti Money Laundering
Sumeru Nigeria
Financial Services

Fraud Management

With the rapidly evolving financial landscape, financial institutions and their customers are more vulnerable to fraud than ever before. Fraud Management Suite, is equipped with predictive analysis to detect potential fraud before it happens, protecting both institution and client.

We do this by performing advanced pattern and behaviour monitoring. Potential risks can be monitored on a product and channel level, and the suite provides a convenient 360-degree customer summary.

Other features include single-window workflow with detailed case-management workflow, automatic/manual creation of alerts, near real time and post transaction monitoring, link tracer, social media/adverse media integration, geotagging and robotic process automations for fraud reporting.

Sumeru Nigeria
Financial Services

Sales Optimization for Insurance Cos

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