AML Cockpit
Driving Financial Institutions from Firm centric to Purpose centric
Driving Financial Institutions from Firm centric to Purpose centric
Address the gaps in AML stakeholder needs and enabling financials institutions to rapidly adopt to the ever-changing regulator obligations while cutting the AML costs. A suite of innovative solutions for unexplored AML use cases addressing the gaps in stakeholder needs and enabling the financials institutions to rapidly adopt to the ever-changing regulator obligations while cutting the AML costs
Financials Intuitions have invested heavily into their AML and Risk programs to meet the regulatory obligations, yet they are paying significant penalties for non-compliance.
Financial institutions are pressed between:
‘Cost of Compliance’
i.e.,
penalties imposed for non-compliance, topline and bottom-line impacts, reputational loss etc.,
Vs
‘Compliance Costs’
i.e., increased
spend on AML operations, investment into AML Tech etc.,
Financials Intuitions have invested heavily into their AML and Risk programs to meet the regulatory obligations, yet they are paying significant penalties for non-compliance. They are struggling to find means in meeting the everchanging regulators obligations while reducing the Compliance spend.
We have applied our deep understanding and expertise in conducting the stakeholder analysis of current AML adoption. A typical financial institution built its AML forte with three lines of defense in meeting their regulatory obligations and internal needs. A typical AML maturity involves either investing in a vendor solution or custom building a core solution addressing the core AML needs, followed by a data platform solution, and advanced analytics functions. Our study found a significant number of gaps/opportunities that helps financial institutions to further advance their AML effectiveness and efficiencies
Driving business value by improving operational efficiencies
Driving business value by improving operational effectiveness and providing capabilities to adapt to new regulatory demands
Reducing the cost of compliance by minimizing the penalties, minimizing the reputational damages, and other non-compliance costs
Tool for analysis that provides static to interactive visualization supporting Intuitive, Exploratory, and Multi-dimensions view to establish context of customer under investigation
for AML Operations – Alert Reviewer/ Case Investigator
Enables AML Operations (i.e. 1st Line of Defense) to look at analyst performance holistically through KPI & KRI reporting
for AML Operations – Operation Manager
Enables Financial Institutions to establish contextual view of customer by collating internal/external systems data into comprehensive AML Graph Model supporting interactive graph visualization with analytical capabilities
for AML Operations – Alert Reviewer/ Case Investigator
Enables Financial Institutions to drive actionable insights (trends, risk exposure & suspicious patterns) from Industry SAR data (FinCEN Stats) by comparing it against Financial Institution’s SARs through analytics report based pre-built intuitive visualizations
for AML Operations – Operation Manager
Tool for analysis that provides static to interactive visualization supporting Intuitive, Exploratory, and Multi-dimensions view to establish context of customer under investigation
for AML Operations – Alert Reviewer/ Case Investigator
Enables AML Operations (i.e. 1st Line of Defense) to look at analyst performance holistically through KPI & KRI reporting
for AML Operations – Operation Manager
Enables Financial Institutions to establish contextual view of customer by collating internal/external systems data into comprehensive AML Graph Model supporting interactive graph visualization with analytical capabilities
for AML Operations – Alert Reviewer/ Case Investigator
Enables Financial Institutions to drive actionable insights (trends, risk exposure & suspicious patterns) from Industry SAR data (FinCEN Stats) by comparing it against Financial Institution’s SARs through analytics report based pre-built intuitive visualizations
for AML Operations – Operation Manager
Request for a Demo and a 2-Week pro bono stakeholder assessment to map and roll-out the AML COCKPIT solutions.
Conduct stakeholder assessment to understand their needs, map the AML COCKPIT solutions to their respective needs, and asses their readiness (Data, People, and Process)
Prioritize the AML COCKPIT Solutions based on: Alignment with the larger AML Re-Engineering program roadmap, immediate business impact, and Readiness
Provide a roadmap for the overall AML COKPIT roll-out, and implementation timelines and project plans for prioritized solutions
STAKEHOLDER ANALYSIS DOCUMENT
AML COCKPIT ROADMAP
IMPLEMENTAION PLANS
PROPOSAL
We are excited to Demonstrate the capabilities of the product.
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