Financial Crime World

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Improving Fraud Prevention and Anti-Money Laundering (AML) Activities with the Right Data Platform

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The increasing complexity of financial transactions has made it more challenging for organizations to detect money laundering and other forms of financial crime. To combat this, a robust data platform is essential in collecting, processing, analyzing, and acting on relevant data to prevent and detect fraud.

Key Features of Oracle Data Platform

Collecting and Processing Data

  • Data Ingestion: Collects raw data from various sources, including object storage, relational repositories, and external tables.
  • Data Processing: Processes the ingested data using machine learning models, analytics, and visualization services to identify patterns and trends.

Managing and Analyzing Data

  • Data Governance: Manages metadata and provides a common access language (SQL) for querying across all persisted data stores.
  • Advanced Analytics and Machine Learning: Delivers descriptive, predictive, and prescriptive analytics, as well as machine learning model development, training, and deployment.

Benefits of Oracle Data Platform

Improved Fraud Detection and Compliance

  • Improved Fraud Detection: Enhances the accuracy and efficiency of financial crime investigations by leveraging advanced analytics and machine learning.
  • Streamlined Reporting: Automates reporting processes to reduce compliance costs.

Enhanced Decision-Making

  • Data-Driven Decision-Making: Provides a single, unified view of data across all persisted data stores.

Oracle Data Platform Services

Machine Learning and Anomaly Detection

  • OCI Data Science: A managed service for building, deploying, and managing machine learning models.
  • OCI Anomaly Detection: A service that detects anomalies in data using AI-driven models.

Forecasting and Language Analysis

  • OCI Forecasting: A service that forecasts transaction metrics based on historical trends and market conditions.
  • OCI Language and OCI Vision: Services that analyze text and images to enrich data for fraud detection and AML activities.

By leveraging the capabilities of Oracle Data Platform, organizations can improve their ability to detect money laundering and other forms of financial crime, ultimately strengthening their compliance posture and reducing risks.