AI OS for Financial Institutions
VALUE PROPOSITION
- Modernizing the bank data processing infrastructure, and shift major operations to public cloud
- Demonstrating significant increase screening effectiveness and efficiency
- Reconciling multiple information systems, in order to provide a clear and cohesive picture to the regulator
Modernization of a tier-1 bank replacing multiple legacy systems with PaaS based applications – demonstrates multi-purpose, digital transformation inside a highly regulated data-intensive organization and as an OEM
Success criteria
Leading Global bank with massive inorganic growth, subject to significant fines and repeated regulator investigations, and 15 million retail customers, and 500 thousand corporate customers
Ineffective (98% False Positive ratio) and inefficient (manual and cumbersome) compliance screening processes
Client base דspread across 50+ jurisdictions, with integrated operations across Europe, Asia and the Americas
TARGETS
- Deploying the first cloud-based mission critical system within 5 months, fully compliant with GDPR and FI’ information security and data security policies
- Integrating the bank core banking infrastructure, 3rd party watch-lists, hundreds of open primary and secondary data sources, and billions of media articles, for automated entity enrichment and threat exposure
- Consolidating information from multitude of information systems and constructing a cleansed knowledge graph of entire customer base, using configurable schema of dozens of data points
ADDRESSING THE NEED
- Fully automated screening and event driven enrichment, offering 80% reduction of analyst touch time
- Reducing noise (entity disambiguation) by over 80% while increasing accuracy (entity resolution) by an order of magnitude
- Infrastructure for ad-hoc, knowledge-graph based, inferencing
To read more about ELEMENT™ of Compliance CLICK HERE
Other Use Cases
