# Banking and payments

> Sumarity for banking and payments: standard workflows with every judgement checked.

Source: https://www.sumarity.ai/industries/banking/

Banking and payments 

# Banking and payments: the doubts, not the drudgery.

Payment exceptions, disputes, KYC and screening: queues of items where each needs a judgement the data can usually check. Sumarity settles what the data proves and sends the rest to an analyst with the evidence.

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What teams tell us

## Where the time goes

Exception queues that grow faster than the team

Screening alerts that are mostly false positives

KYC files that are never quite complete

Workflows

## Standard workflows for banking

11 workflows · Proven by code: 5 · Cross-checked: 4 · Vetoed by code: 1 · Checked by the outcome: 1

### Payment exceptions and investigations

Why a payment failed or is queried; the action

Proven by code

### Card disputes and chargebacks

Network reason code; evidence enough to fight

Cross-checked

### Nostro and vostro reconciliation

Which statement line matches which booking

Proven by code

### Corporate KYC onboarding

Beneficial owners, documents complete, risk

Cross-checked

### Periodic KYC review

What changed; whether risk changes

Cross-checked

### Sanctions screening alert review

True match or false positive

Vetoed by code

### AML transaction monitoring alert triage

Suspicious or explained

Checked by the outcome

### Trade finance document examination (letters of credit)

Whether documents comply with the credit

Proven by code

### Loan covenant compliance

Covenant figures from statements; breach or not

Proven by code

### Mortgage application document verification

Income and documents consistent

Proven by code

### Customer complaints handling (UK FCA)

Complaint category, redress due

Cross-checked  

Questions

## What buyers ask

Which process should we start with?

The one with the most items your team checks by hand and a clear way to tell right from wrong: usually a reconciliation or a matching process. Its judgements are proven by code, so most settle without a person.

Do you connect to our systems?

Files in any layout (spreadsheets, CSV, PDF, bank formats), e-mail inboxes and folders, and an API for software. Connectors for particular systems are built as customers need them.

How long does a pilot take?

A few weeks alongside your own process, on your own data, at our cost. It ends in a line-by-line comparison: what it settled, what it sent to people, what it caught, and the time it took.

## Bring one banking process. Run it alongside yours.

We design it with your expert, run it in parallel, and show you the comparison.

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