Financial Crime Management
作成者: ITC Infotech India Limited
Financial Crime Management provides efficient & intelligent financial crime operations as a service
Transaction Monitoring Systems (TMS) used by financial
institutions look at standard deviations, anomalies, and red-flag topologies.
Being mostly rule based, they cannot assess a transaction in context of
transaction patterns, customer risk score, past alert history, etc. These rules
are designed to be overly cautious, as to not leave institutions open to a
hefty fine should an instance of money laundering go unnoticed. Hence, more
than 90% of the alerts generated by Transaction Monitoring System turns out to
be false positive.
Our Financial Crime Management Solution has been built as a
part of our Digital Banking Capability uses Hyper Automation – Artificial
Intelligence, Machine Learning, RPA and a strong data foundation – created by
way of a “Single Risk View of Customer”, to Identify True and False positive
alerts and automate end-to-end processes.
Our Solution
Built on Microsoft cloud platform, our solution is designed
to run large scale data and analytics workloads in a scalable and
cost-effective manner.
• Azure
Data Cloud Lake brings together all your big data from disparate sources across
cloud and on-premises environments into one central place.
• Customer
Insights comes equipped with the Power Platform. This makes it easy to import
data from just about any source, and includes Power BI, Power Apps, Microsoft
Access, Excel, JSON and REST APIs. It is easy to Map, Merge and Unify the data
and create a “Single Risk view of Customer”
• Azure ML
Studio offers an easy and flexible low code platform for building advanced
machine learning solutions.
• Dynamics
365 is being leveraged to build a robust case management system
• Microsoft
Power BI allows for creation and sharing of interactive data visualizations on
Financial Crime Compliance data across different dimensions. It meets the need
for a self-service and an enterprise data analytics on a single platform
• RPA based
process automation to automate manual operational processes like Case
Assignment, Managing inter/intra department communication, Filing SAR reports,
etc.