Banking
Run financial crime, risk and controls across the bank on one platform
Banks operate under intense supervisory scrutiny across financial crime, prudential risk, conduct and operational resilience — often with legacy core systems and compliance tooling that has grown by accretion. OnyxOne gives correspondent, retail, commercial and private-banking teams one operating system for screening, due diligence, monitoring, cases, risk and controls, with every action captured in a single audit trail examiners can rely on.
How OnyxOne fits your operation
Your compliance, risk, audit and legal teams work in OnyxOne, which centralises risk, controls, policy, obligations, cases and evidence, and connects to the systems, screening and data providers your deployment requires.
The pressures this sector carries
The compliance and regulatory realities that shape how firms in this sector operate. Described generically — your obligations depend on your jurisdiction, licence and activities.
How accountability is structured in a regulated financial institution — the model the platform is built to support.
Supervisory expectations are high and specific
Banks are typically expected to run risk-based AML/CFT programmes, sanctions screening, ongoing monitoring, governance and internal-audit assurance, with board-level accountability. The precise obligations depend on jurisdiction and licence; OnyxOne is built to support this programme shape, not to guarantee any named framework.
Correspondent and cross-border relationships add layers
Nested relationships, respondent banks and cross-border flows raise the diligence bar. Firms are expected to understand who they are ultimately dealing with and to keep that understanding current — which requires structured EDD and continuous review.
Operational resilience is now a board topic
Supervisors increasingly expect banks to identify important business services, set impact tolerances and evidence continuity and recovery arrangements. Governance, incident and continuity capabilities that produce evidence become part of the compliance story.
Three-lines governance must be demonstrable
The relationship between the first line, risk and compliance, and internal audit is a core supervisory focus. Being able to show how policy maps to control, and control to evidence, across those lines matters as much as the controls themselves.
What makes this hard today
The operational realities compliance and risk teams in this sector wrestle with.
Legacy core systems, modern obligations
Compliance teams work around core banking platforms that were never designed for today's screening, monitoring and reporting expectations, bridging gaps with manual effort and spreadsheets.
Siloed financial-crime operations
Sanctions, transaction monitoring, fraud and KYC frequently sit in separate teams and tools, so a single customer's risk picture is fragmented and duplicated.
High alert and case volumes
Scale means volume. Without disciplined tuning and triage, analysts drown in alerts and the genuinely suspicious risks being lost in the noise.
Assurance that is hard to evidence
Demonstrating to internal audit and supervisors that controls operate consistently across the bank is difficult when evidence is scattered.
Model and methodology drift
Risk-rating factors and thresholds evolve, but changes are poorly documented and inconsistently applied across business lines.
How OnyxOne serves the sector
A single financial-crime operating layer
Screening, due diligence, monitoring and cases run on one platform across business lines, writing to the same customer and entity records so the risk picture is unified rather than fragmented.
Structured EDD for higher-risk relationships
Correspondent, PEP and other higher-risk relationships follow defined enhanced-due-diligence workflows with source-of-wealth, beneficial-ownership and approval steps captured against the record.
Consistent controls and testing across the bank
A controls library, control testing and evidence capture let the second and third lines show that controls operate the same way across business lines — traceable both ways for audit.
Governance the board can see
Roles, approvals, oversight and the three-lines model are made explicit, with escalation and sign-off recorded so accountability is demonstrable, not assumed.
Resilience evidence, captured as you work
Incident, continuity and recovery activity is recorded in a structured way, so operational-resilience evidence exists rather than being assembled after an event.
The end-to-end workflow
A defined, sector-specific process with clear ownership at every stage.
Every result, decision and override is captured against the record it belongs to.
Onboard & risk-assess
Retail, commercial and correspondent customers are onboarded with KYC/KYB and beneficial-ownership data, screened and risk-rated against your methodology.
Apply proportionate diligence
Standard relationships follow CDD; higher-risk relationships route into enhanced due diligence with source-of-wealth and approval steps captured.
Monitor across the relationship
Ongoing screening and monitoring surface sanctions hits, PEP status changes and behavioural shifts throughout the life of the relationship.
Triage & investigate
Alerts are prioritised and, where warranted, become structured investigations with evidence, entity links and four-eyes review.
Govern & assure
The three lines operate controls, test them and capture evidence, with oversight and escalation recorded for internal audit and the board.
Report & preserve
Regulatory returns and suspicious-activity content are assembled, signed off and preserved in an immutable audit trail.
How teams in this sector use OnyxOne
Unifying financial-crime silos
Bring sanctions, monitoring and KYC onto one platform so a customer's full risk picture lives in one record instead of being reassembled across teams.
Correspondent-banking due diligence
Run structured EDD on respondent relationships, capturing ownership, nested-relationship and control information with documented approvals.
Evidencing three-lines assurance
Give internal audit and supervisors a traceable map from policy to control to evidence across business lines.
Operational-resilience readiness
Record incidents, continuity tests and recovery arrangements so resilience evidence is captured as work happens.
Modules that matter most here
The parts of the OnyxOne platform this sector leans on most. Turn on what you need and add more as your programme scales.
Works with your existing systems
Described as capabilities — OnyxOne connects to the systems your deployment requires, configured per implementation.
- Ingests customer, account and transaction data from your existing core platforms to screen and monitor the right records
- Connects to the sanctions, PEP and adverse-media providers contracted for your deployment
- Integrates with your existing identity-verification and corporate-registry data services
- Exports returns and suspicious-activity content in the formats your submission channels require
- Routes alerts, escalations and approvals through your existing email and messaging tools
Security & reporting
Security & data handling
- Customer, account and case data are encrypted in transit and at rest.
- Role-based access and segregation of duties align to the bank's three-lines model.
- Every screening result, rating, disposition, override and control test is written to an append-only audit trail.
- Suspicion-related and sensitive data are restricted to authorised roles under need-to-know.
- Data residency and retention are configurable to your jurisdiction and record-keeping obligations.
Reports & returns
- Suspicious-activity / suspicious-transaction report content (SAR/STR)
- Sanctions screening-coverage and disposition reports
- Customer risk-rating distribution and re-rating reports
- Control-testing and assurance reports for internal audit and the board
- Operational-resilience and incident reporting
- Executive and board management information
What your team gains
A unified customer risk picture
Financial-crime operations that were siloed now share one record, removing duplication and blind spots.
Demonstrable governance
The three-lines model, oversight and escalation are explicit and recorded, so accountability can be shown rather than asserted.
Assurance you can evidence
Control testing and evidence capture make consistent operation across business lines visible to audit and supervisors.
Readiness that persists
An immutable trail keeps the bank examination-ready continuously, not only in the run-up to a review.
Questions, answered
Is OnyxOne a bank or a regulated institution?
No. OnyxOne is a technology vendor providing compliance and risk software. It is not a bank, is not regulated as a financial institution, and is not an obliged entity. Your bank remains responsible for its regulatory obligations.
Can it work alongside our legacy core systems?
Yes. OnyxOne is designed to ingest customer, account and transaction data from your existing core platforms and to sit as a financial-crime and controls layer on top, rather than replacing your core.
Does it support correspondent-banking EDD?
The enhanced-due-diligence workflow supports higher-risk relationships, including capturing beneficial ownership, nested-relationship information, source-of-wealth and documented approvals — configured to your policy.
How does it support the three lines of defence?
Governance, controls, control testing and audit modules make the relationship between the first line, risk and compliance, and internal audit explicit, with a traceable map from policy to control to evidence.
Are SOC 2 or ISO 27001 held?
Not yet. We build to recognised security standards and both are on our roadmap; we will publish attestations in the Trust Center once they are held rather than claim them beforehand.
See OnyxOne for Banking
Book a walkthrough and we'll show how the platform fits your sector's obligations, workflows and systems — then scope an implementation.