UK Firms Boost Anti-Money Laundering Efforts with Advanced Financial Services Compliance Software
A new generation of financial services compliance software is empowering UK firms to stay ahead of the game in the fight against money laundering. Oracle’s Financial Services Compliance Studio, a cutting-edge application powered by advanced analytics, artificial intelligence, and machine learning, is revolutionizing anti-money laundering (AML) programs for better customer due diligence, transaction monitoring, and investigations.
Unleashing the Power of Advanced Analytics
Compliance Studio’s Investigation Hub allows users to surface hidden relationships using graph visualizations, providing a real-time view of complex financial networks. Natural language processing capabilities enable automatic case narrative writing, freeing up investigators to focus on high-priority tasks.
- Graph visualizations provide a real-time view of complex financial networks
- Automatic case narrative writing frees up investigators for high-priority tasks
The application’s in-memory graph also enables the detection of emerging financial crime patterns and the creation of new scenarios or models with open source programming languages. This allows firms to stay one step ahead of criminal schemes and maintain a robust defense against money laundering.
Enhancing Detection and Investigation
Compliance Studio’s advanced analytics capabilities include:
- Over 30 supplied graph algorithms
- Built-in query language
- Intuitive dynamic graph visualizations
These features enable AML teams to uncover previously hidden relationships in real-time, drive better modeling, and enhance detection by applying deep learning techniques.
Addressing Governance and Regulatory Obligations
Compliance Studio’s Model Management and Governance feature provides a visual canvas for building machine learning models, interactive model testing, and monitoring and alerts. This enables firms to address governance and regulatory obligations with ease, while also ensuring that their AML programs are robust and effective.
Explore All Your Data in One Place
The platform’s data management capabilities allow users to explore all their data together, including internal and third-party sources, using an embedded graph analytics engine. This provides a unified view of financial data, enabling firms to extract previously inaccessible insights and uncover new patterns and relationships.
Oracle Financial Services Compliance Studio is the most complete advanced analytics application for AML teams in the UK, helping them to stay ahead of the game in the fight against money laundering.