A leading UK High Street Bank
Objective
- Bank wants to avoid any customer with potential threat to its both retail and corporate segments. The project requirement is to implement all the regular checks & strategies that can be run to identify any existing or any new customer joining the bank and all their related links if any.
- Objective of this program is to design & develop bank’s Gen-II FCTP (replacing legacy Palantir platform) using a new data & analytics ecosystem in-house.
Our Solution
- Coforge is the strategic technology partner in this transformation program and designing & developing the solution using New Data & Analytics ecosystem with polyglot storage technologies (HDFS, Neo4J, MongoDB and NuoDB).
- Data Science (Graph Search and Node & Missing Link Prediction) on Neo4J is the backbone for majority of the investigation use cases (DETECTION ENGINE) like
- Suspicious Activity Report (SAR).
- Customer Screening
- Due Diligence (Ongoing and Enhance)
Impact
- Significant improvement in agility in analyzing card transactions and finding links between transaction/entity and pre-defined blacklist and graylist entities (people or organizations).
- Improvement in release velocity
- License Cost reduction
Highlights: The Coforge Banking and Financial Services Practice
Wealth and Asset Management | Wholesale Banking | Consumer Lending | Cards and Payments | Trade Finance | Risk Management | Finance and Accounting
- Servicing over 200 Financial institutions
- 10 of the top 15 US private banks
- Over 100 asset managers
- 15 wealth management firms
- 6 broker dealers
- 30 pension funds
- Over 15 years of Proven Experience in Servicing Capital Markets Firms
- Asset Under Management (AUM) supported: US$ 1.5 trillion+
- Financial advisors supported: 6,000+
- End customer supported: 1.5 million+
- Over 8,000 Person Years of Solution Delivery Experience
- 45+ software products supported
- 350+ releases per year
