Financial Crime Data Visualization Tools in New Zealand Revolutionize Anti-Money Laundering Efforts
Oracle has launched its advanced analytics application, Financial Services Compliance Studio, in New Zealand to combat financial crime. This cutting-edge tool is designed to supercharge anti-money laundering and anti-financial crime programs for better customer due diligence, transaction monitoring, and investigations.
Advanced Analytics for Financial Institutions
The Compliance Studio leverages artificial intelligence, machine learning, graph analytics, and data management to unite the best open-source technologies with breakthroughs from Oracle Labs. The result is a comprehensive platform that provides financial institutions in New Zealand with unparalleled insights into complex money patterns, hidden relationships, and emerging financial crime schemes.
Investigation Hub
The tool’s Investigation Hub features intuitive, dynamic graph visualizations that enable investigators to uncover previously hidden relationships in real-time. With over 30 supplied graph algorithms and a built-in SQL-like query language, users can:
- Succinctly express complex money patterns
- Detect multihop relationships
- Identify hubs and spokes of activity
Machine Learning Capabilities
In addition, the platform’s machine learning capabilities allow for automated case decisions, enhancing detection by applying deep learning to find similar criminal networks. Preconfigured entity resolution provides a single view of each customer and entity, ensuring that global graphs are accurate.
Enhanced Detection and Investigation
Financial institutions in New Zealand can augment their existing rules-based models with advanced machine learning models, increasing effectiveness and providing explainable AI insights into sophisticated black box machine models. The platform’s model management and governance features enable users to:
- Build, test, monitor, and deploy machine learning models quickly and easily
- Bring together internal and third-party data for real-time exploration
Integration and Scalability
The Financial Services Compliance Studio is fully integrated with other Oracle Financial Crime and Compliance Management applications, ensuring maximum ease of use and scalability. With its ability to bring together internal and third-party data, explore in real-time, and extract previously inaccessible insights, this platform is poised to revolutionize anti-money laundering efforts in New Zealand.
Industry Expert Insights
Industry experts believe that the Compliance Studio will significantly enhance the effectiveness of anti-money laundering teams in New Zealand, allowing them to work smarter, not harder. By leveraging the power of graph analytics and advanced machine learning, financial institutions can:
- Uncover hidden relationships
- Outsmart new criminal schemes
- Stay ahead of the evolving landscape of financial crime
This platform is poised to revolutionize anti-money laundering efforts in New Zealand, enabling financial institutions to work smarter, not harder.