2. Company Background
Best known as “TESS” or “TESS International” in short.
Founded in 2000 with 16 Years of Inspiration & Innovation.
MSC (Multimedia Super Corridor) Status since 2001.
Slogan: “By Bankers, For Bankers”
(R&D Capabilities with Right Domain Knowledge)

3. Development of Product Blueprint started in 2009
Product Development
Development of Product Blueprint started in 2009
Approach Malaysia Digital Economy Malaysia (MDEC) and obtained R&D Grant in 2010
100% using Malaysia resources
Target market : All Financial Institutions (FIs) and Fintech companies
Anti Money Laundering /
Counter Terrorism Financing Solution (AML/CTF)

4. GLOBAL MANDATORY PRACTICE
AML/CTF Solution
GLOBAL MANDATORY PRACTICE
After 911, there is a need for global fight action Terrorism financing. And with current world terrorist activities, AML solution has become very important
To curb terrorist financial activities, they came out
Bridge the gap between Regulators and Internal Policy requirements. Standard practices governed by International Regulatory body.

5. Financial Action Task Force (FATF)
The Financial Action Task Force (FATF) is an independent inter-governmental body (consists of 36 countries) that develops and promotes policies to protect the global financial system against money laundering, terrorist financing and the financing of proliferation of weapons of mass destruction.
The FATF Recommendations are recognised as the global anti-money laundering (AML) and counter-terrorist financing (CFT) standard.
Some key recommendations for all Financial Institutions for AML/CFT Compliance
Know Your Customer “KYC”
Customer Due Diligence – Risk Profiling
Customer and Business Relationship Monitoring
Source of Funds
Monitor and detect unusual suspicious transaction patterns
Report Suspicious Transaction Activity to Financial Investigation Unit (FIU)
Freeze Suspicious accounts
So how exactly we do that?
All FI to compliant with FATF recommendations

6. Financial Action Task Force on Money Laundering (FATF)
Asia Pacific countries largely are Non Compliant to FATF 40+9 and Core recommendations
These are the no of FI in the countries which does not compliance to FATF rules

7. Failure to Compliant
NO BUSINESS
FINES
SANCTION

8. Fines On AML Reached The Historic High
Recent Fines
Fines On AML Reached The Historic High
Recent Fines
These are the BIG fines in recent years
Source: Celent

9. Fines On AML Reached The Historic High
Recent Fines
Recent Fines
Financial Institution (international)
Fine
J.P.Morgan
$ 2.4 million
HSBC
$ 1.9 Billion
Commerzbank
$ 1.45 Billion
Standard Charter
$ 667 million
RBS
$ 500 million
Financial Institution (local)
Fine
AMMB Holdings Bhd
(AmBank Group)
RM53.7 million
18 banks
RM63.72 million
In US alone, fines went up to 60 billions
Source: Celent

10. High Risk and Non-Cooperative Countries 2016

12. CORAL iSEM Features

13. CORAL iSEM Features
Mapping and swift Integration shorten Project Timeline drastically

14. Watchlist, Rules & AI screening

15. CORAL iSEM Features
Watchlist, Rules & AI screening

16. CORAL iSEM Features
Perform Analysis & Statistical studies on data & trending patterns

17. CORAL iSEM Features
Perform Analysis & Statistical studies on data & trending patterns

18. CORAL iSEM Features

19. Our Strategy & Business Model

20. Product Strategy
Developed for all segment of Financial Institutions – Bank, Insurance, Investment Bank etc.
Fast Implementation
Cheaper to own
Complete Financial Crime Solution
Simple strategy
Developed for all segments
Not easy as Bank, Insurance and also investment banks have different business rules, data, business workflow
All Fis want it yesterday due to pressure from authority and correspondent banks
Hard to justify ROI, so we have to make it cheaper
To value add our product, we develop other complimentary product

21. Complete End to End Solution

22. Business Model Software as a Product (Product, License & Maintenance)
Software as a Service
(SaaS)
SaaP – most of our approach
SaaS – Thailand , 150 clients

23. Current Customer
R&D
Customer

24. Customers

25. Customers in Thailand (SaaS Model)

26. Future Plan
5 years plan
R&D
Customer

27. Our Key Needs - 1 To Expand our Market Other Asia Countries Taiwan
China
Hong Kong
South Korea
Japan
Middle East Countries
Eastern Europe Countries
Britain and US

28. Our Key Needs - 2 Partnership with Technology Partners Worldwide
To further enhance our product with latest technology
Eg. Our technology collaboration with NVDIA