AnalyticSoftLab has completed the implementation of the AML system and the analysis of the AML Insighter clients in PJSC Swedbank.

30.10.2011  Category: News The solution from AnalyticSoftLab will enable Swedbank to implement a comprehensive financial monitoring of transactions , identify suspicious operations, suspicious behavior of customers during any period of time and conduct a comprehensive analysis of customer activities, including quarterly analysis required by the NBU.

AnalystSoftLab specialists provided integration of the monitoring system with two corporate accounting systems. To integrate AML Insighter with the corporate information storehouse of the bank uses its own software product that provides control and data consolidation from several sources.

By implementing the system, the bank's specialists plan to significantly reduce the risk of using the bank's services for money legalization, promptly identify and respond to identified threats, with a significant reduction in the laboriousness of the analysis process. Based on the obtained results of suspicion, clients are automatically assigned a corresponding risk of involvement in the legalization of cash, an analytical assessment and assignment of risk to the branches of the credit organization and the bank as a whole.

The analytic core of the system is based on a managed model of suspicious behavior patterns that adapt to the client groups of the bank. The number of suspicious behavioral models found at the client is the basis for determining the risk to the client. The risks of the bank's branches are calculated on the basis of anomalous (unbalanced) behavior of the bank's clients in the branch in comparison with the general behavioral model of the bank's customers.