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.
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).
Due Diligence (Ongoing and Enhance)
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