RCG|enable® Banking Entity Resolution & AML

Categories: AML , Entity Resolution , Know Your Customer , Transaction Monitoring

Banks are under pressure to be compliant and keep investigative costs under control

  • Less restrictive controls in the Transaction Monitoring System and a transaction-wise method cause suspicious transactions (and transaction sets) to fall through the cracks
  • Too restrictive controls in the TMS cause too many cases to be generated, increasing investigative costs

Entity Resolution and Know Your Customer (KYC) ensure data quality to help consolidate multiple Accounts, Parties and Transactions (some identities may be fake) and uses Graph Database technology and data from other sources (Web and social media) to obtain a richer representation of relationships between Parties, Accounts and Transactions

Our Event Triage engine is then able to use the ER/KYC information to perform Advanced Transaction Analysis, which leads to detection of False Negatives and False Positives

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