Control and Compliance
Reduce Risk Through Industry Best Financial Controls
Fraud and cybercrime are on the rise. Kyriba helps CFOs and treasurers strengthen financial controls, including robust application security features, sanctions list screening, digital signatures and industry-first capabilities for real-time payments fraud detection.
Stop Payments Fraud in Real-Time
Kyriba delivers industry first capabilities for detecting and preventing payments fraud before it ever occurs. Kyriba uses scenario based, real-time detection of suspicious payment activity that goes beyond standard payment controls such as separation of duties and approval limits. Kyriba’s Payments Fraud Detection solution includes customised scoring, centralised alerts, resolution management, and a drilldown KPI dashboard.
Reconcile Payments Against Sanctions Lists
Kyriba offers watchlist screening against OFAC, EU and UN sanction lists. FircoSoft’s industry leading screening software is embedded within Kyriba so pre-determined, third-party payments can be automatically reconciled against sanction lists, with notification of matches directed immediately to the selected user(s). Screening is conducted at the end of the payment workflow so the screened file is identical to that which the bank receives.
Get World-Class Application Security
To strengthen operational security and align with the organisation’s information security policies, Kyriba offers a comprehensive array of advanced security features, including 1) two-factor authentication, which creates a randomly generated one-time password, 2) IP filtering, which enables clients to restrict login to pre-determined IP addresses, and 3) enterprise SSO, which establishes a single sign on with a client’s internal security environment. These features can be used sepearately or in combination for maximum security.
SR. TREASURY ANALYST, RYERSON
Maintain Control of Treasury Workflows
Retaining control of treasury workflows is critical for the monitoring of errors, disruptions and suspicious payments. Kyriba Control Center is used to monitor workflows and treasury activity within the Kyriba platform to help detect unauthorised usage and potential fraud. Kyriba offers the opportunity to monitor and analyse bank connectivity failures, payment files, escalation of pending approval workflows, and real-time status alerts of additions, deletions or modifications of data.
Control and Compliance Modules
Kyriba delivers key capabilities for protecting against modern-day threats such as fraud and cybercrime. Learn more about our payment controls.
- Sanctions List Screening
- Application Security
- Control Center
- Digital Signatures
- Payment Fraud Detection and Prevention
FACT SHEETPayments Fraud Detection
Payments fraud is now at an all-time high with 74 percent of organisations reporting they have been the target of attempted or actual fraud, according to the latest data from the Association of Financial Professionals. CFOs and treasurers clearly require a more complete set of payments controls to stop fraud altogether.
FACT SHEETThe #1 Cloud Platform for Treasury and Finance
Kyriba empowers forward-thinking teams to optimise key capabilities for cash and risk management, payments and working capital strategies. Kyriba delivers a highly secure, software-as-a-service (SaaS) platform, superior connectivity and a comprehensive product suite for tackling...
EBOOKThe CFO's Toolkit: Minimize Risk and Ensure Compliance
Risk mitigation and regulatory compliance are two of every CFO’s most pressing concerns. Download this ebook to see how a treasury management solution can limit your organisation’s exposure to risk and noncompliance while assisting the CFO in addressing a number of risk factors...