ALGERIA TAKES STEPS TO COMBAT FINANCIAL CRIME WITH ADVANCED ANALYTICS
Strengthening Anti-Money Laundering Efforts in Algeria
Algeria has recently turned to advanced analytics tools to enhance its anti-money laundering (AML) efforts. One such solution being implemented by several major financial institutions in the country is Oracle Financial Services Compliance Studio.
Supercharging AML Efforts with Artificial Intelligence
Oracle Financial Services Compliance Studio: Enhancing AML Programs
Oracle Financial Services Compliance Studio is an advanced analytics application that leverages artificial intelligence (AI), machine learning, and graph analytics to enhance AML programs. This tool is designed to detect complex patterns of money laundering activity and identify hidden relationships between entities.
Bringing All Data Together for Better Investigations
Unified Data Analysis: A Key Feature
One of the key features of Oracle Financial Services Compliance Studio is its ability to bring all data - both internal and third-party - together in one place. This allows investigators to:
- Explore their data in real-time
- Extract previously inaccessible insights
- Surface hidden relationships using graph visualizations
Outsmarting New Criminal Schemes
Emerging Financial Crime Patterns: Identifying and Addressing
The tool also enables users to outsmart new criminal schemes by identifying emerging financial crime patterns and creating new scenarios or models with open-source programming languages. This allows investigators to stay one step ahead of money launderers and other criminals.
A Comprehensive Solution for AML Teams
Oracle Financial Services Compliance Studio: A Complete AML Solution
Oracle Financial Services Compliance Studio is a comprehensive solution for AML teams, providing them with the tools they need to uncover and explore previously hidden relationships in real-time. The tool’s intuitive, dynamic graph visualizations boost the speed and accuracy of investigations, while its extensible entity resolution provides a single view of each customer and entity.
Addressing Governance and Regulatory Obligations
Model Management and Governance: Ensuring Compliance
In addition to its AML capabilities, Oracle Financial Services Compliance Studio also addresses governance and regulatory obligations. The tool’s model management and governance features enable users to:
- Build machine learning models
- Interactively test them
- Monitor their performance
- Deploy them quickly
Algeria Leads the Way in Financial Crime Combating
By implementing advanced analytics tools like Oracle Financial Services Compliance Studio, Algeria is taking a proactive approach to combating financial crime. The country’s commitment to using technology to enhance its AML efforts sets an example for other countries in the region and demonstrates its dedication to protecting its citizens from financial crime.