AML-Investigations-Using-Context

Future-Proof Your AML Investigations Using Context

61% of financial services say that time spent switching between applications is the primary obstacle to investigators’ productivity.

Manually intensive AML investigations processes – from poorly integrated data sources to inefficient data gathering – contribute to rising labor costs every year. But new technologies are available to enhance and augment investigations to empower faster and more accurate decisions.

Download the latest IDC infobrief to see how context can transform AML investigations and enable more effective and efficient risk management.

In this ebook, you will learn:

  • Why financial institutions must act now to transform investigation processes
  • What ROI can be achieved by using a contextual approach
  • How Danske Bank leveraged entity resolution to accelerate its ability to detect, prevent and investigate suspicious activity
  • How Standard Chartered Bank simplified AML investigations for 1,500 investigators and dramatically reduced efforts in investigating financial crime across its complex operations
  • Which technologies empower faster and more efficient investigations
  • Actionable next steps to transition to next-generation contextual investigations

It’s time to revolutionize your investigations

This IDC report examines why over 22% of leading financial institutions have invested in process automation this year and are looking to AI-based tools such as entity resolution to improve financial crime investigation outcomes.

 

“Entity resolution combined with intelligence from relationship networks surfaced through graph analytics and scaled with AI is the key to unlocking a new generation of AML decision intelligence.”

AI technologies are key to augmenting existing AML investigations, enabling increased productivity. AI in risk & compliance data and analytics requires removing the barriers to adoption for scalable enterprise benefit, from detection and investigation to prediction. But, with the right implementation, AI will drive improved work experiences and optimize the value that advanced analytics technologies can provide.


See how Danske Bank and Standard Chartered Bank are transforming investigations

Using context, investigators are able to view holistic, networked relationships. Danske Bank is using advanced entity resolution to better understand the relationships between its customers and their counterparties, enabling the bank to substantially reduce case handling time. Standard Chartered Bank has significantly reduced the time it takes to connect data and find risk by gaining a deeper understanding of the bigger picture.

What would have taken us manually probably six or seven weeks with some attendant risks to error in identification, we were able to execute literally in a matter of hours using the Quantexa platform.

David Howes, Standard Chartered Bank, Global Co-Head of FinCrime Compliance

Download the report to see how both banks have leveraged the power of their data to enhance investigations.

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