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

Putting It All Together

Velocity FinCrime Suite
  • Artificial Intelligence and Machine Learning
  • Entity and Country Resolution
  • Natural Language Processing
  • RPA Digital Workers

Digital Workers in action

  • Exception Management
  • Automatic Data Reports Creation
  • Automatic Alerts Report Creation
  • Board Level Report Preparation
INTEGRATED AND ROBUST COMPLIANCE PLATFORM
  • Structured and Unstructured Data

  • SWIFT/ Transaction Data
    Customer Data
    Sanctions Lists
    Watch lists
    Third Party Data
    External Sources

  • Dynamic Processing and Analytics

  • Data Quality Management
    Filtering/ Fuzzy Logic
    Detection/ Matching/ Scoring

  • Alerts and Workbenches

  • Sanctions Screening Alerts
    Customer Risk Ratings
    KYC/CDD/EDD
    Transactions Monitoring Alerts
    FATCA Alerts
    ADMIN Tools

  • Workflow Management

  • Branch / BU’s
    Customer Onboarding
    On-Demand Screening
    Request For Information
    Alerts & Case Management

  • Reporting

  • Regulatory Reporting
    Dashboards/ Reporting




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