Financial Crime World

Italy’s Central Bank Bolsters Financial Crime Fight with Advanced Data Analysis Tools

In a significant move to combat financial crime and money laundering, the Banca d’Italia has partnered with Sistemi & Automazione and Cambridge Intelligence to deploy advanced link analysis capability.

Combating Financial Crime with Cutting-Edge Technology

The cutting-edge technology will enable specialists at the bank to visualize, analyze, and investigate financial activity reported by various industries, including:

  • Financial Services
  • Payment Systems
  • FinTech
  • Gaming

The graph visualization technology provided by Cambridge Intelligence’s KeyLines will sit at the forefront of Banca d’Italia’s efforts to identify relationships, patterns, and trends in financial data. Analysts will gain a clear understanding of complex connections through an interactive link analysis interface, allowing them to spot hidden connections and share information with other financial institutions and law enforcement agencies.

“We’re thrilled to collaborate with Cambridge Intelligence on this project,” said Mariano Satriano, CEO of Sistemi & Automazione. “The KeyLines link analysis application is a valuable addition to our platform, integrating large volumes of heterogeneous data into a simple, understandable, and easily shareable view.”

Sistemi & Automazione, the leading provider of visual link analysis software in the Italian public sector, has already worked with various government and financial institutions. They have incorporated KeyLines technology into their own products, including:

  • Polaris: for KYC and compliance activities
  • TETRAS: for COMINT analysis

Sharing Information is Key

“The ability to share information is crucial in fighting financial crime,” said Kaush Kotak, Chief Revenue Officer at Cambridge Intelligence. “We’re proud to work with several national financial crime prevention authorities around the world, including Cifas in the UK and now Banca d’Italia. Link analysis is a proven way to break down silos that hinder information sharing, making it intuitive and effective.”

A Significant Milestone in Italy’s Efforts

The partnership marks a significant milestone in Italy’s efforts to combat financial crime and maintain the integrity of its financial system. With the advanced data analysis tools, the country will be better equipped to detect and prevent illegal activities, ensuring the safety and stability of its financial sector.

By deploying these advanced link analysis capabilities, Banca d’Italia is taking a major step forward in combating financial crime and maintaining the integrity of its financial system.