Data Analytics Plays Crucial Role in Detecting Financial Crime in Austria
As the financial landscape continues to evolve, data analytics has emerged as a vital tool in the fight against financial crime and terrorism financing in Austria.
The Power of Data Analytics
Saku, a data management expert at Tietoevry Tech Services, is part of an elite team dedicated to using advanced analytics to stay one step ahead of criminals. Working closely with clients, including one of Austria’s largest banks, Saku leverages risk models and complex data analysis to identify suspicious behavior and detect potential threats.
The Importance of Constant Improvement
To stay ahead of ever-evolving criminal tactics, Saku and his team constantly conduct performance and impact analyses, refining their models with new indicators and technologies. “It’s often the combination of various indicators that trigger warnings and tell us how risky a customer might be,” he explained.
The Tools of the Trade
In this fast-paced field, Saku relies on a range of cutting-edge tools, including:
- Databricks
- Snowflake
- Power BI
- SQL language
- Python
- AWS
- Azure cloud solutions
- SAS EG
- Jira
- Confluence
- Git
“We use AI tools to make work run more smoothly and efficiently,” he added.
The Joy of Overcoming Challenges
Challenges are an integral part of the job for Saku, who welcomes them as opportunities to learn and grow. “What I like about this job is that there are new challenges every day. We constantly run into problems we haven’t worked on before, and having to think about how to solve them is great,” he said.
Employee Development at Tietoevry
With Tietoevry’s emphasis on employee development, Saku has the freedom to explore new technologies and take on new projects. “There are countless opportunities to develop your skills here. You can change projects, clients, industries, and technologies you work with,” he noted.
The Impact of Data Analytics in Austria
As Austria continues to battle financial crime, experts like Saku are playing a critical role in staying ahead of the curve. With their expertise in data analytics, they are helping to safeguard the country’s financial system and protect its citizens from the threat of financial crime.