3
Intro
Decision Intelligence
Approach
Step 1:
Fuse Data
Step 2:
Define How
Information is
Presented
Step 3:
Surface Suspicious
Transactions
Step 4:
Prioritize Leads
Step 5:
Detect Suspicious
Activities
Step 6:
Construct the
Narrative
Step 7:
Map the Network
About NEXYTE
Investigation
Challenges
AML Investigation Challenges
The traditional approach to combatting money laundering focuses on compliance.
Financial institutions conduct Know Your Customer (KYC) and customer due
diligence processes, which generate millions of Suspicious Transaction Reports
(STRs) and Suspicious Activity Reports (SARs) and tend to produce many false
positive alerts. This creates an information overload for the FIUs responsible for
uncovering money laundering networks. The percentage of false positive alerts
generated by traditional, rule-based AML/CFT tools is shockingly high, accounting
for 90-95% of all suspicious transaction alerts
4
.
Data Challenges
+ Massive amounts of data from SAR/STRs
+ Data siloed between multiple databases
+ Little time to investigate each lead
+ Noise generated from false positives
Decision Challenges
+ Which STRs/SARs to focus on
+ Which companies or individuals to focus on
+ How to allocate and optimize investigation
manpower and resources
Decision Intelligence Platforms for
AML Investigations
Decision Intelligence platforms leverage technologies such as data fusion, machine
learning and AI, in addition to collaboration and data visualization tools. These
platforms enable organizations to automatically collect, fuse and analyze data
from virtually any source, on a massive scale, in order to generate data-driven
insights and decisions. This allows AML investigative teams to detect anomalies,
identify patterns of suspicious activities, assess risks, and uncover new leads.
Best-in-class Decision Intelligence platforms enhances data science with domain
expertise, by allowing non-technical-domain experts to contribute their field-
specific knowledge to the building of organization-specific analytical models.
Fusion Data-driven actions Analytics