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BBVA Compass

The bank wanted to implement a sophisticated solution that offered broad coverage: a data integration solution that was flexible and scalable to meet current and future regulatory compliance needs.

BBVA Compass is a financial institution with 748 branches; and is a wholly owned subsidiary of BBVA, which has more than $785 billion in total assets.

Challenges

  • Comply with national and international regulations, guidelines, and best practices
  • Reduce compliance costs
Informatica enables BBVA Compass to improve visibility into compliance activities across the business, while reducing risk with timely and trusted data.
— Cassaundra Franklin, senior vice president and bank secrecy act officer, BBVA Compass
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Results

  • Provided the integration platform to allow more efficient detection, investigation, and reporting of suspected money laundering activity
  • Enabled the bank to source new data 50% more quickly using the Informatica platform
  • Helped the bank maintain compliance with national and international regulations, and enhanced its ability to implement industry best practices
  • Supplied a comprehensive view of financial activity and customer risk
  • Reduced compliance costs through rapid, open integration
  • Saved time, reduced staff costs, and efficiently managed risk by isolating unusual behaviors and reducing false positive alerts
  • Reduced amount of false hits and time spent on false hits, freeing up more time to review the quality alerts

Technologies Used

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