Combat Anti-Money Laundering with Velocity
This platform is purposefully designed to meet international regulatory compliance standards and its powerful reporting capabilities gives management insights on effectiveness, productivity and resource utilization.
Velocity’s Cognitive Computing Capabilities
Simulation of human thought processes in a computerized mode – text, vision, language, contexts
Computer programs that can “learn” when exposed to new data
Multi-layer neural networks that learn from vast amounts of data
Machine Learning – How it works in Velocity
Evaluation Data
- Many data sources
- Text, numbers
Data Prep
- Data cleansing
- Data reconciliation
Select & Apply Model
- Supervised
- Unsupervised
- Reinforcement
Predict
- Visualize & Review results
Evaluate
- Additional inputs
- Error reduction
Velocity’s Impact on BSA / AML Compliance
CDD/EDD across Channels/BUs
- Beneficial ownership network analysis
- Realtime insights
- Customer timeline to track profile changes
- Dynamic risk model management
Clustering & Visualization
- Behavioral patterns monitoring
- Funds flow and structuring
- False positive reduction
Structured/Unstructured Data Processing
- Unstructured data from several sources
- Data cleaning
- Global data format parsers with inbuilt data ingestion
Cognitive Learning
- Deep Learning of human actions
- Suggest and flag data errors – digital assistance
- Dynamic reporting
Built-In Machine Learning Powered Data Resolution Tools
Velocity Solution to Entity Resolution
A resolved entity is indexed for identification, adverse media alerts, TM-AML alert, KYC, Sanctions. There are different ways to address same person, different linkages to the same institution. Best-Practice Solution will include Machine Learning based, data and schema normalization, deduplication-focused, similarity & relationship tracing mechanism.
Velocity Solution to Country Resolution
- Resolving country name from multiple data sources
- Resolved country names help in reducing the alerts in High-Risk Jurisdiction rule
- Machine learning models resolves data for unknown, incorrect, null and blank country namedata records
- Resolved country names help in accurate Customer Risk Rating
Together
Entity and Country
Resolution
Artificial Intelligence
and Machine Learning
Together
Natural Language
Processing
RPA Bots
By leveraging AI and ML, our fincrime tool automates exception management by identifying and addressing anomalities before they escalate. With seamless automatic data and alert report creation, our solution ensures that your business stay ahead of the potential threats. Moreover, the tool also helps to prepare board-level reports that contains actionable insights with clarity and accuracy.
Integrated and Robust Compliance Platform
Structured and Unstructured Data
- SWIFT/ Transaction Data
- Customer Data
- Sanctions Lists
- Watch lists
- Third Party Data
- External Sources
Dynamic Processing and Analytics
- Data Quality Management
- Filtering/ Fuzzy Logic
- Detection/ Matching/ Scoring
Alerts and Workbenches
- Sanctions Screening Alerts
- Customer Risk Ratings
- KYC/CDD/EDD
- Transactions Monitoring Alerts
- FATCA Alerts
- ADMIN Tools
Workflow Management
- Branch / BU’s
- Customer Onboarding
- On-Demand Screening
- Request For Information
- Alerts & Case Management
Reporting
- Regulatory Reporting
- Dashboards/ Reporting