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PREXA - Pre-Execution Alerting using secure, real-time, private collaborative transaction monitorin
(D416)
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Submitted:
01/01/2020
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Sedicii presents an advanced cryptographic platform which uses secure multiparty computation to provide a service that allows any bank participating in the network to pre-screen, in real-time, all parties to a transaction, regardless of the party's bank, for AML risk, that includes many types of common fraud. The service confidentially computes a joint decision tree across the sender and the recipient bank to identify pre-execution risk in real-time. In addition, the system visualises multiple transactions to expose fraud patterns.

No bank learns anything about the other bank's customer as no information is shared other than the output risk assessment. The service has different modes of operation for banks, regulators and law enforcement so each will have different views and access to results.

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