Velocity | FINCRIME SUITE

VELOCITY’S COGNITIVE COMPUTING CAPABILITIES

Artificial Intelligence

Simulation of human thought processes in computerized modes – text, vision, language, contexts

Machine Learning

Computer programs
that can “learn” when
exposed to new data

Deep Learning

Multi-layer neural
networks that learn
from vast amounts of
data

Machine Learning – How it works in Velocity

1

Evaluation Data

– Many data sources

– Text, numbers
2

Data Prep

– Data cleansing

– Data reconciliation
3

Select & apply model

– Supervised

– Unsupervised

– Reinforcement
4

Predict

– Visualize and review results
5

Evaluate

– Additional inputs
– Error reduction

VELOCITY’S IMPACT ON BSA / AML COMPLIANCE

CDD/EDD across Channels/BUs

Beneficial ownership network analysis
Realtime insights
Customer timeline to track profile changes
Dynamic risk model management

Clustering & Visualization

False positive reduction
Behavioral patterns monitoring
Funds flow and structuring

Structured/
Unstructured Data Processing

Data cleaning
Unstructured data from several sources
Global data format parsers with inbuilt data ingestion

Cognitive
Learning

Dynamic reporting
Deep Learning of human actions
Suggest and flag data errors-digital assistance

Built-In Machine Learning Powered With Data Resolution Tools

VELOCITY SOLUTION TO ENTITY RESOLUTION

A resolved entity is indexed for identification, adverse media alerts, TM-AML alert, KYC, and Sanctions. There are different ways to address the same person, different linkages to the same institution. With the best practices in mind, Velocity will include Machine Learning based, data and schema normalization, deduplication-focused, similarity & relationship tracing mechanism.

VELOCITY SOLUTION TO COUNTRY RESOLUTION

Resolving country name from multiple data sources
Resolved country names help in reducing the alerts in High-Risk Jurisdiction rule
Resolved country names help in accurate Customer Risk Rating
Machine learning models resolves data for unknown, incorrect, null and blank country name data records