Mexico’s Fight Against Financial Crime Gets a Boost from Advanced Data Analytics Tools

In its ongoing effort to combat financial crime, Mexico has turned to advanced data analytics tools to enhance its anti-money laundering program. Oracle’s Financial Services Compliance Studio is now available in the country, offering an innovative application designed specifically for fighting financial crime.

A Suite of Cutting-Edge Tools

The studio boasts a suite of advanced tools that leverage artificial intelligence, machine learning, graph analytics, and data management to help anti-money laundering teams work smarter, not harder. By bringing together internal and third-party data, Oracle’s platform enables investigators to uncover previously hidden relationships in real-time, allowing for more effective case management.

Key Features

Investigation Hub: Uses graph visualizations to surface hidden connections and provide a comprehensive view of financial activity.
Pre-supplied Graph Algorithms: Includes over 30 algorithms to detect multihop relationships and identify hubs and spokes of activity.
Entity Resolution Capabilities: Supports global graph accuracy with preconfigured, extensible entity resolution capabilities.

Advanced Analytics Capabilities

Oracle’s Financial Services Crime and Compliance Management application provides a single view of each customer and entity, ensuring accurate data and streamlining investigations. The platform also includes:

Machine learning algorithms for more effective detection and prevention
Model monitoring and alerts to address governance and regulatory obligations
Easy-to-create sandboxes for business users and fast point-and-click deployment options

Benefits for Mexico’s Anti-Money Laundering Teams

Mexico’s anti-money laundering teams are already reaping the benefits of Oracle’s advanced analytics tools. With the studio, they can:

Augment existing rules-based models with machine learning algorithms
Drive better customer due diligence, transaction monitoring, and investigations throughout the financial sector

Conclusion

As Mexico continues to battle financial crime, Oracle’s Financial Services Compliance Studio is poised to play a critical role in the country’s efforts. With its advanced analytics capabilities and user-friendly interface, this innovative platform is helping to drive better customer due diligence, transaction monitoring, and investigations throughout the financial sector.