Challenge: A large global investment bank headquartered in Europe had been experiencing large inefficiency in their current transaction monitoring system. Inefficiencies in monitoring rules encompassed multiple jurisdictions around the globe. The firm embarked on developing a new surveillance model to enhance its monitoring capabilities.
Solution: We leveraged Surveillance 2.0 to perform advanced analytics and develop a new model covering multiple jurisdictions. We analyzed the current threat environment, monitored approach and mined productive outputs to identify an effective conceptual design. Utilizing our tools and accelerators, we performed advanced analytics on the overall customer base.
Over the course of a 12 -month engagement, we identified key trends and behaviors that led to enhanced rules and anomaly identification. Additionally, our customer segmentation specific thresholds enabled increased efficiency. These findings led to a 50% net reduction of false positives.