Modeling & Analytics
Banks continue to face rising costs and complexities in meeting financial crimes compliance, most notably are the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML).
As an alternative for silo investments in software-based crimes compliance systems that are increasingly difficult to maintain, we encourage our clients to take a more convenient and effective route: to broaden advanced analytics beyond their own walls and apply data-driven insight across all BSA/AML and fraud-monitoring activities to better face the challenges within the digital world.
Services
With our global best practices to provide an integrated, multidisciplinary approach to target the emerging threats, we apply the following principles:
- Understanding the Business as Usual (BAU) operations – prior to any major process improvement initiative via analytics, deep procedural and technical understanding is essential, followed by identifying major savings potential.
- Applying Analytics approach and solution – Gather and analyze the data in order to create dynamic but also sustainable and user-friendly capabilities, and set out a solution architecture.
- Measuring Performance – Set out desired objectives, expectations and outcomes, by defining KPIs and utilizing measurement mechanisms.
Our services within Modeling & Analytics include:
- Integrated KYC capabilities into Customer Risk Management (CRM) platforms
- Continuous customer risk scoring model
- Customer segmentation and model optimization through tools, providing prompt decision making and ‘What if’ analysis for transaction monitoring and customer risk rating
- Predictive analytics for investigation prioritization
- Automated data governance program per recent regulatory requirements
- Dashboards for Data Management and Operational Controls
- Management reporting and real-time analytics
