Anti-money laundering regulations continue to evolve, becoming more complex, costly and difficult to comply with. Given the ever-growing scope of AML rules and massive volume of data to be analyzed, leading banks are abandoning their minimally viable compliance approaches and leveraging modern BI platforms to streamline their AML reporting and compliance.
AML analysts spend up to 80% of their time preparing and analyzing data, leaving no time for higher-order investigative work. Datameer’s agile analytic platform provides a familiar Excel-like self-service interface to quickly integrate, prepare, analyze, and visualize your data. Less analyst time spent on data analysis means reduced cost and higher value.
AML and compliance requirements demand analysis of a wide variety structured and unstructured data including sanctions lists, client and legal entity data, transaction data, communications, and web/application logs. Unlike conventional tools that require complex coding to integrate all this data, a modern BI platform like Datameer lets you leverage more data quickly and easily, helping uncover new relationships and patterns to detect suspicious activity.
Anti-money laundering regulations have evolved, become more complex, costly and difficult to comply with. Given the ever-growing scope of AML compliance and the massive volumes of data that must be analyzed, it’s simply not feasible to use brute force solutions. Watch this on-demand webinar to learn about the growing scope of AML regulations and the accompanying analytic challenges. The webinar includes AML expert speakers from McKinsey & Company and Airbnb.