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Jordan Embraces Advanced Data Analytics to Combat Financial Crimes

Amidst a global surge in financial crimes, Jordan is taking a bold step towards curbing money laundering and other illicit activities with cutting-edge data analytics technology. The Oracle Financial Services Compliance Studio, an advanced analytics application, has been deployed to supercharge the country’s anti-money laundering (AML) program.

Leveraging Advanced Analytics

This innovative solution leverages artificial intelligence, machine learning, graph analytics, and data management to provide a comprehensive platform for better customer due diligence, transaction monitoring, and investigations. By bringing together internal and third-party data, investigators can now uncover hidden relationships in real-time, extract valuable insights, and make more informed decisions.

Streamlining Investigations

The Investigation Hub is a key feature of the Compliance Studio, allowing investigators to surface hidden relationships using graph visualizations and natural language processing. This enables them to focus on high-priority cases while automating routine tasks.

Automate routine tasks with advanced graph analytics
Uncover hidden relationships in real-time
Focus on high-priority cases

Enhancing Modeling

The Compliance Studio also offers advanced modeling capabilities, enabling users to augment existing rules-based models with machine learning. This integration provides explainable AI insights into sophisticated black box models, enriches data through time-series feature engineering, and offers easy customization with over 300 out-of-the-box risk indicators.

Addressing Governance and Regulatory Obligations

To ensure compliance with regulatory requirements, the studio features a visual canvas for building machine learning models, interactive model testing, and model monitoring and alerts. Additionally, it provides fast point-and-click deployment options, making it easier to implement and manage AML programs.

Conclusion

As Jordan continues its efforts to combat financial crimes, the Oracle Financial Services Compliance Studio is poised to play a crucial role in supporting the country’s anti-money laundering initiatives. By harnessing the power of advanced data analytics, authorities can better detect and prevent illicit activities, protecting the integrity of the financial system and upholding global standards.

For more information on how Jordan can leverage Oracle’s Compliance Studio to combat financial crimes, download the following resources:

Stay ahead of the curve in AML compliance by exploring Oracle’s range of financial crime and compliance management solutions.