This new tool enables financial institutions to automate and standardize after-the-fact analysis of payment transactions. Developed based on customer feedback, the FedTransaction Analyzer tool provides access to a historical transaction database and helps automate manual reporting processes.
FedTransaction Analyzer, available via the FedLine Advantage® access solution, helps financial institutions aggregate, save and analyze transaction data and assess potential exception activity, eliminating the time-consuming and error-prone manual processes related to risk management and compliance support procedures.
FedTransaction Analyzer was developed for individuals with responsibilities associated with compliance, risk management, finance, and/or payment operations. FedLine Advantage Plus customers can access FedTransaction Analyzer at no additional charge.
Access to an 18-month historical database of Fedwire® Funds Service data is currently available, with transaction data for additional services planned in the future.
Activating access to FedTransaction Analyzer is easy for financial institutions. Users should first evaluate their risk management and compliance support needs and establish internal processes for data analysis, and then follow the steps below to set up access to this valuable tool.
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