Founded in 1987, Switzerland-based IMTF develops RegTech solutions in the area of anti-financial crime, AML and CFT that help financial institutions stay compliant and digitalize their processes and operations. With nearly 40 years in the industry, what is next for IMTF?
IMTF’s co-CEO, Sebastian Hetzler, describes 2024 as a “transformational year” for the company. “Our innovations this year, especially with Siron One, have allowed us to advance our global anti-financial crime compliance offerings significantly. We’ve focused heavily on AI and cloud computing, enhancing effectiveness through precise results and efficiency by reducing false positives and optimizing resource use,” Hetzler said.
Technological enhancements in Siron One’s architecture have also improved scalability and flexibility, future-proofing IMTF’s solutions. “Our active involvement in industry events and partnerships has expanded our reach, and the positive feedback has been incredibly encouraging,” Hetzler added.
The role of Siron One
Siron One is designed to transform compliance management in an increasingly complex regulatory landscape. “Our holistic platform addresses all major anti-financial crime use cases, offering a comprehensive compliance framework,” Hetzler noted. One key strength is its integrated data approach, breaking down silos to provide a 360-degree view of customer risk and more informed decisions.
The platform’s modular design allows organizations to tailor it to their unique regulatory and operational needs. “Whether for large enterprises or smaller institutions, Siron One’s flexibility ensures it adapts seamlessly,” Hetzler emphasized.
Hetzler explained that Siron®One unifies anti-financial crime use cases into a cohesive platform. “Data is available throughout the system, enabling seamless workflows and focused risk assessment. The cloud-based infrastructure further enhances scalability and allows for efficient compliance as regulations evolve,” he said.
Automation, reduced operational costs, and faster, more accurate decision-making are crucial benefits. “Siron®One not only meets today’s challenges but also future-proofs compliance, making it more agile and efficient,” Hetzler said.
Product evolution
While IMTF’s Siron suite has been a market leader for over a decade, Siron One represents a significant leap forward. “Unlike previous standalone versions, Siron One integrates all functions into one streamlined platform. This simplifies implementation and provides a unified solution for all compliance needs,” Hetzler explained.
Modularity allows customization for any institution, from large banks to regional players. “AI and machine learning are embedded throughout, boosting detection accuracy and minimizing false positives. The cloud-first design offers unmatched scalability and security, even for institutions operating across multiple jurisdictions,” Hetzler noted.
Siron One also emphasizes user experience. “Its intuitive interface, automated workflows, and improved reporting make compliance teams more efficient. All this, combined with a lower total cost of ownership, delivers exceptional value,” Hetzler concluded.
Tackling RegTech challenges
Despite supporting financial institutions, the RegTech sector faces challenges. One key issue is handling the growing volume of compliance data and evolving regulations. “Institutions struggle with inefficiencies and false positives that burden compliance teams,” Hetzler said. To combat this, IMTF integrates AI and machine learning into Siron One, helping teams focus on real threats.
The demand for real-time AML compliance is another challenge. With transactions occurring faster and across platforms, institutions need systems that can make rapid, data-driven decisions. Siron One enables this, ensuring swift, compliant responses.
Complex cases like trade-based money laundering (TBML) and sanctions evasion also present challenges. “Our technology can detect intricate criminal patterns, equipping teams to monitor trade transactions effectively and identify suspicious behavior,” Hetzler explained.
Trends Shaping RegTech
The RegTech sector evolves rapidly, with AI and machine learning remaining at the forefront. “Our hybrid approach combines AI with rule-based systems, generating precise alerts prioritized by risk. Crucially, we keep the ‘human in the loop’ for balanced efficiency and expert oversight,” Hetzler said.
Automation is also trending, as institutions look to streamline tasks and allocate resources efficiently.
Meanwhile, the cryptocurrency boom has intensified focus on compliance. “Digital assets are reshaping financial ecosystems. Regulators are paying close attention, and we’re committed to helping our clients stay one step ahead of the curve by offering advanced solutions for crypto AML compliance,” Hetzler emphasized.
A New Chapter for IMTF
The launch of Siron One along with a completely revamped website marks a pivotal moment for the company.
“Showcasing our commitment to innovation, user-centricity, and global reach, the fresh and modern design reflects the efficiency and cutting-edge technology that define our solutions, while the updated content underscores Siron One’s adaptability across various use cases and industries,” Hetzler noted.
Future plans
As IMTF looks to 2025 and beyond, the company is looking toward its ability to transform AI’s role in the RegTech space. “We’re focused on transforming AI from a data science tool into a collaborative, intuitive solution. We’re aiming to make AI more intuitive, integrating GenAI to create a more human-centric approach that augments decision-making in compliance,” Hetzler said.
“By doing so, we enable better man-machine collaboration, making AI a truly transformative tool that compliance teams can seamlessly rely on in their day-to-day operations.”
Geographic expansion and exploration of new verticals are also on the horizon. “We’re ready to address the growing complexities of regulatory environments across different regions and industries, said Hetzler.
He concluded, “Our commitment remains to continuously evolve our platforms for our clients’ success,” Hetzler concluded.
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