What is Transaction Monitoring?

Transaction Monitoring Definition

Transaction monitoring is used in finance, payments, and regulated sectors to identify unusual patterns, rule violations, or potential money laundering. In TPRM, vendors that process transactions must demonstrate strong monitoring controls.

FAQs

Is transaction monitoring real time?

Often yes, especially in financial services.

Does it support compliance?

Yes, including AML and fraud regulations.

Can monitoring be automated?

Yes, through analytics and machine learning.