Leading research and advisory firm Celent, in its latest Financial Crime Compliance Technology: Watchlist Screening Edition report, gave CGI its top ‘Luminary’ rating for CGI HotScan360 and our related anti-fraud capabilities and expertise. The report evaluates and ranks 22 leading providers of transaction filtering and customer screening solutions, placing CGI in the coveted Luminary category of its new Technology Capabilities Matrix (TCM).

As financial crime becomes more sophisticated and regulators respond with tighter regulation, the demand for more advanced anti-financial crime tools is on the rise. CGI HotScan360 meets this demand by delivering an all-in-one financial crime platform that provides financial institutions with robust fraud detection, payments filtering, know-your-customer, and customer due diligence capabilities. With CGI HotScan360, financial institutions can scan and score all customer transactions and behavior in real time, better identifying and responding to fraud occurrences.

The Celent report calls out CGI’s “domain expertise in watchlist screening” and our ability “to run supervised or unsupervised AI models provided by the client.” Celent also notes that clients appreciate “the easy configurability” of CGI HotScan360, along with “its reliability, and its speed.”

“With electronic payments becoming faster and more frequent with each passing day, our ability to protect clients from financial crime is a key element of our adaptive banking strategy,” said CGI Vice-President & Global Industry Lead for Banking Andy Schmidt. “By combining scalability, granularity, and AI, our solution enables clients to quickly scan structured and unstructured message formats at high speeds and with extremely low false positive rates.”

“The digital financial services revolution is creating increasingly complex, high-volume, and fast transactional environments,” said Neil Katkov, Director in Celent’s Risk practice. “Consequently, financial institutions are facing heightened regulatory demands around screening processes, prompting the adoption of new or updated technologies to enhance screening capabilities.”

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