In March 2018, HSBC launched a Global Social Network Analytics platform to tackle financial crimes like money laundering, human trafficking and terrorist financing. This platform provides a comprehensive view of the bank’s customers through entity resolution and network analytics to leverage data dynamically, empowering the investigators to identify financial activity.
How Quantexa helps HSBC to intelligently detect and disrupt illicit activity
By creating a holistic view of the customer through its proprietary software, Quantexa’s platform provides the bank with the ability to analyse data in an innovative, dynamic manner. As a result, investigators can find previously unidentified risk and suspicious customer activities and relationships.
What insights has Quantexa helped HSBC uncover?
By enriching customer data with external sources, HSBC has been able to:
- Identify patterns and potential criminal activity in broader networks that might not be possible with legacy systems
- Identify financial crime threats to the bank and the broader financial system
- Build networks to form a complete, holistic view of its customers
- Build networks to identify potential illicit activity among customers and their counterparties
Download this report to find out how our entity resolution and network analytics technology helped HSBC to tackle financial crime.
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Reveal hidden risks and detect criminal activity faster. Reduce false positives to manage the cost of compliance. And improve investigations to make faster and more consistent decisions at scale.
Identify potentially fraudulent activity by looking at people or transactions in isolation. Understand the context surrounding the organizations you do business with to make fast, accurate decisions.
Understand your customers, their business structures and supply chains. Make better lending decisions, faster. And support digital risk transformation.
Know Your Customer
Reduce significant manual effort across onboarding, refreshes and remediation. Automate checks, implement continuous monitoring, and focus on contextual decision making.
Generate a complete view of the context around your customers and prospects to build better relationships, reduce attrition and find hidden opportunities.
Master Data Management
Connect all data—internal and third party—to create a joined-up, contextual view of all the relationships between your customers and every other domain.
See how we help to reduce costs and improve coverage for financial crime compliance.
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