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CGI Upgrades HotScan Anti-Crime Tool with Real-Time Risk Engine


IT service provider CGI has launched a new version of its HotScan anti-crime solution. The new edition, HotScan360°, comes in response to the increasing sophistication of financial crime, sharper regulatory focus on money laundering, as well as heightened security concerns across the banking industry. According to a press release from the company, HotScan360° delivers integrated, intelligent anti-money laundering, customer and fraud detection insights in real time. The platform is powered by a real-time risk engine for scanning and scoring thousands of transactions per second. According to the company, the engine uses the latest in machine learning, advanced analytics and automation and is highly scalable to meet future transaction volumes. In addition, HotScan360° is a modular solution that allows banks to integrate certain modules with other systems or omit them, as necessary. The solution also complies with the latest and upcoming regulations such as PSD2, GDPR and SEPA instant payment requirements.