Idola Infotech, LLC Moving Forward . . .
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Idola Services
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Professional Services
Idola's Solutions Group (ISG) is a core team that helps clients solve intricate challenges in implementing large scale, complex, and business critical IT development and integration programs. ISG provides cost-effective high-quality enterprise-level solutions for client's most complex IT challenges. Idola helps you manage risk, comply with regulations, and manage transformational challenges while driving efficiency and improving service levels.
Risk and Compliance Consulting
Idola has developed significant expertise in Risk and Compliance domain over the past eight years, having provided services to several financial institutions in the following areas:

bullet  Policies and Procedures
bullet  Business Requirements Documentation
bullet  Training
bullet  Risk Modeling
bullet  Customer Onboarding
bullet  Transaction Monitoring Rules
bullet  Profiling
bullet  Case Management Augmentation
bullet  OFAC False Positive Remediation
bullet Look backs
Independent Review and Testing

Regulated financial institutions must conduct annual testing of their AML compliance program. Though, this testing can be done by an internal auditor, increasingly institutions are opting for hiring an outside party with experience in this type of audit. An independent review demonstrates both a robust compliance program and also enables senior management to get valuable unbiased information, which helps them in ultimately reducing their risk vulnerabilities.

Idola offers a broad range of professional services to meet the independent review needs of small and medium sized financial institutions. Idola can provide cost-effective third-party review and data analysis services of AML compliance implementations. The review process covers

bullet  An independent review of the Compliance Program including Policies and Procedures
bullet  Data Review including review of interfaces, Data flow, Data quality and Reconciliation.
bullet  Review of Artifacts
bullet  Evaluation and Recommendation Report that includes a Gap Analysis and prioritization of remediation measures.
Idola also offers assistance in remediation of issues found during the review.
Project Management
The success of an engagement is often determined by the quality of its project management. Idola can provide senior project managers that can assure the success of the most complex implementations. All of our project managers follow Idolas standard methodology that centers on meaningful client communication.
Staff augmentation
To meet the needs of short-term technology staff, Idola has developed a network of Compliance Professionals, Management and IT professionals that can be contracted for short and long term needs. All staff augmentation personnel are subject to Idola standards and are actively supervised by a senior Idola manager.
Data Research
Idola has staffed a team dedicated to the research, aggregation and distribution of information on individuals and companies throughout the world. Sophisticated software tools along will skilled research capabilities assure that both the quality and quantity of the information provided meets the needs of our clients.