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Combat Financial Crimes

Reduce fraud, reduce reputational risk, improve KYC, and comply with OFAC/AML compliance

Financial fraud continues to affect the bottom line of financial service companies and its shareholders as criminals find new ways of exploiting weaknesses in systems and security. Whether it’s rogue credit card spend, illicit financial trades and transactions, or money laundering, combating fraud successfully depends the systems and applications use to fight fraud on having access to accurate, timely, and comprehensive data.

In response, banks and capital markets firms are investing in new fraud detection and anti-money laundering (AML) applications to win against this battle. Unfortunately, these systems often fall short of meeting business expectations because of data issues caused by inadequate data integration and data quality technologies and processes to help capture, transform, identify, and fix data quality issues. In addition, existing fraud and AML solutions lack capable and accurate identity matching and transaction monitoring capabilities to accurately recognize and identify suspicious activities.

Informatica solutions

Informatica provides solutions to improve the effectiveness of existing fraud and AML applications to reduce financial crimes and comply with industry regulations. Our solutions enable financial institutions to:

  • In response, banks and capital markets firms are investing in new fraud detection and anti-money laundering (AML) applications to win against this battle. Unfortunately, these systems often fall short of meeting business expectations because of data issues caused by inadequate data integration and data quality technologies and processes to help capture, transform, identify, and fix data quality issues. In addition, existing fraud and AML solutions lack capable and accurate identity matching and transaction monitoring capabilities to accurately recognize and identify suspicious activities.
  • Identify and improve the quality of data to reduce the number false positives and missing fraudulent activities
  • Identify and match unique entities regardless of data type, language, or system to enhance existing watch list verification processes
  • Enhance your existing Know Your Customer (KYC) processes by providing a comprehensive, consistent, and related view of customers to accounts, households, other customers, employees, and affiliations

 

 

Customer Success Stories

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Western Union

Western Union built a data platform based on Hadoop and Informatica Big Data Edition

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BBVA Compass

BBVA Compass sources new data 50% more quickly

Related Products & Solutions

Data Integration

Access, integrate, and deliver trusted critical data to efficiently fuel great analytics and business processes across the enterprise.

Data Quality

Provides all your projects and initiatives with clean, high-quality data regardless of its size, data format, platform, or technology.

Identity Resolution

Increase operational efficiency and regulatory effectiveness with highly accurate, multilingual identity data.

Intelligent Data Lake

Accelerate analytics innovation and business decisions by tapping into a centralized, governed data source.

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