Case Study
Company Overview
Generali is a leading global insurance and financial services provider with a strong presence in over 60 countries. It operates across multiple sectors, including insurance, financial services, and real estate. As part of its regulatory and risk management framework, Generali must ensure strict compliance with Anti-Money Laundering (AML) regulations.
Automating AML Compliance at Generali
Business Challenge (Before Avenir)
Generali faced significant challenges in meeting AML compliance requirements due to a heavily manual screening process:
Time-Consuming Process
Each policy application required extensive screening against multiple regulatory lists (RPT, PEP, World Check, high-risk individuals).
High Costs & Manual Effort
Employees spent a substantial amount of time performing repetitive tasks, increasing operational costs.
Error-Prone & Risky
Human intervention led to inconsistent screening, raising the risk of non-compliance and potential regulatory fines.
Lack of Centralized Tracking
There was no structured system to track policy application statuses, making audits and reporting difficult.
Avenir Digital’s Solution
Key Features & Enhancements (After Avenir)
Avenir Digital’s experienced consultants designed and implemented an automated AML screening solution using SharePoint and ASP.NET, streamlining compliance while improving efficiency.
User-Friendly Digital Platform
Replaced paper-based forms with an intuitive web-based interface.
Automated Policy Screening
Enabled bulk uploads of policy applications via Excel, reducing manual input errors.
Centralized Activity Tracking
Maintains a digital audit trail of all policy-related activities.
Periodic Re-Screening
Ensured continuous monitoring of policies to detect emerging risks.
Advanced Reporting & Insights
Provided customized compliance reports for different business users.
Seamless System Integration:
Integrated with Generali’s existing IT ecosystem for a smooth transition.
Data Consistency & Integrity
Leveraged SharePoint lists to ensure a single source of truth for compliance data.
End-to-End Workflow Automation
• Automated approval, rejection, and flagging of applications.
• Eliminated manual follow-ups by integrating alerts and notifications.
Business Impact & Results
Drastically minimized employee workload, allowing staff to focus on higher-value tasks.
Accelerated policy approvals with real-time automated screening.
Reduced errors, ensuring adherence to AML regulations and avoiding penalties.
Lowered operational expenses by eliminating inefficiencies in manual processes.
Built a flexible system that can evolve with changing regulatory requirements.
Drastically minimized employee workload, allowing staff to focus on higher-value tasks.
Accelerated policy approvals with real-time automated screening.
Reduced errors, ensuring adherence to AML regulations and avoiding penalties.
Lowered operational expenses by eliminating inefficiencies in manual processes.
Built a flexible system that can evolve with changing regulatory requirements.
Conclusion
Avenir Digital’s AML automation solution transformed Generali’s compliance framework, turning a slow and error-prone manual process into a streamlined, efficient, and highly secure digital system. By leveraging automation, Generali significantly improved compliance, reduced risks, and optimized operations for long-term success.
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