Compliance Services and Solutions

SONABS, as a small-sized, highly specialized and cross-functioning team, helps you fulfill business, technical and organisational requirements in an highly effective and fast way.

We bring along our know-how and operational skills, in order to reach the best results of the projects. Thus, we ensure realistic planning, while paying attention at risks and dependencies, staying objective and pragmatic.

AML Compliance

  • effective and efficient implementation of new regulations within the business operation
  • development of strategic and operational requirements, task planning 
  • review of risk analysis
  • development and implementation of technical and organisational tasks
  • preparation and monitoring of audits, including tighter controls
  • development and implementation of processes and procedures 
  • development and implementation of controls 
  • regulatory impact and gap analysis

Solution Requirements and Implementation 

Our expertise is based on the definition and solution implementation on behalf of our customers (banks and insurance companies) and also of various leading vendors.

  • gap analysis of current IT and solution architecture and data provisioning, incl. detection reviews and health checks
  • functional, and technical requirements, policies and procedure reviews 
  • definition and development of role and group concepts
  • implementation, configuration and optimisation of solutions 
  • data mapping, data modeling, database design and ETL-development (for real time processing and batch run, etc.)
  • data storage, back-up, data-erasure concept, such as for GDPR
  • test concepts, test cases, (including test data), test and issue management, false negative checks, and false positive tuning.
  • report design and implementation, interface adjustments for SAR and STOR to FIU
  • integration of internal and external watch lists and market data from different providers
  • application training
  • application support and maintenance, supervising after commissioning in the production environment (post-prod optimisation and operation support)

Project management

SONABS is well acquainted not only with the regulatory requirements and implementation solutions, but also with the common issues which usually might occur. Therefore, SONABS focuses on proven planning processes, in order to ensure effective and realistic solution integration or migration. Thus, we manage to fulfill successfully our tasks punctually and to save expenses and resources, at the same time!

  • SONABS detects dependencies, in order to identify all obstacles early enough and to assess the real implementation status. 
  • SONANB maps each task specifically and ensures its implementation through coordination and monitoring.
  • SONABS checks the quantitative and qualitative parameters of the implementation and adjusts them promptly.

Beside the conventional project-management tools, we use our own monitoring software as part of the project assistance, with the aim of informing the team in time about the upcoming tasks. This function generates more than 50% time-saving during the project, as well as maximum transparency, since the status check is permanently available. Here you can find more information about our SONABS GRC solution.

RFP - Searching and evaluating solutions

SONABS provides a deep expertise with market-leading solutions and knows the best answer for your demand. Therefore, we assist you not only in collecting all requirement and definition of decision criteria, but also in figuring out the best solution complying with the purchase process. 

  • full support during solution assessments (RFI)
  • requirement definition and to start PFP (Request for Pricing)
  • feasibility analysis and contract negociation support based on our great solutioning know-how
  • planning and running feasibility studies and POC (Proof of Concept)

Due to a considerable number of projects carried out by us, we are well aware of the importance of the suppliers' consent regarding your budget. We help you ask the right questions and prevent negative side-effects after closing the contract. 

Interim management and operations

  • compliance experts 
  • coordinator for government authorities and auditors requests
  • analyst for alert and case processing
  • report analysts
  • data specialists