Financial Crime World

LIECHTENSTEIN Turns to Financial Crime Data Analytics Tools for Combating Money Laundering and Terrorism Financing

A New Breed of Technology for a Safer Future

LIECHTENSTEIN is embracing a cutting-edge approach to combat money laundering and terrorism financing by leveraging financial crime data analytics tools. These innovative solutions enable financial institutions to make faster, more accurate decisions about transactions and customers, while minimizing false positives.

Advanced Data Exploration and Visualization Capabilities

At the heart of this approach are advanced data exploration and visualization capabilities that allow users to:

  • Import their own data
  • Build and run transformations
  • Augment and join data within an integrated visual pipeline of activities

This intuitive interface enables analysts to quickly identify patterns and trends in large datasets, and operationalize analytical models with just a few clicks.

Seamless Integration and Cost-Effective Solutions

The tools seamlessly integrate with existing anti-financial crime systems, eliminating the need for costly and time-consuming rip-and-replace upgrades. Additionally:

  • Advanced machine learning techniques enable users to build and refine predictive models
  • Run numerous what-if scenarios simultaneously
  • Process results without having to sort or index data each time

Real-Time Analytics Capabilities: A Game-Changer in Financial Crime Detection

According to experts, the real-time analytics capabilities of these tools are particularly effective in detecting and preventing financial crimes. Key benefits include:

  • Intelligent customer segmentation
  • Entity resolution
  • Scenario threshold tuning with above-the-line/below-the-line testing

These features enable financial institutions to generate more productive alerts, identify true positives, and optimize overall transaction monitoring processes.

Cloud-Native Design for Scalability and Flexibility

The tools are designed with a cloud-native, elastic, and scalable architecture, running on SAS Viya. This means that:

  • Financial institutions in LIECHTENSTEIN can rapidly process large data sets
  • Accelerate the complex analytics life cycle from data preparation to discovery to deployment
  • Adapt quickly to changes in transaction volumes and model complexity without worrying about scaling issues

A Powerful Solution for a Safer Future

As LIECHTENSTEIN continues to grapple with the challenges of financial crime, these innovative tools are poised to play a critical role in the country’s efforts to combat money laundering and terrorism financing. With their ability to provide fast, data-backed decisions, seamless integration, and real-time analytics capabilities, they offer a powerful solution for financial institutions looking to stay ahead of the curve in this high-stakes game.