Financial Crime Management EIFR workshop 19th November 2015

Transcription

1 Financial Crime Management EIFR workshop 19th November 2015 dd-mm-yyyy Photo by Deutsche Bank AG

2 Agenda Introduction Atos FCCM SaaS Offering Introductions Atos and Oracle Cloud based service Deskription Applications Management OFSAA overview What is OFSAA? Where is it used? The FCCM Components Anti Money Laundering in Detail AML Overview Scenario Description Data Ingestion and Behaviour Detection Framework Alert Post Processing Alert User Interface Case Management User Interface Summary 2

3 The Atos Oracle Practice About us We have delivered Oracle solutions for over 25 years. From our Global implementations in EMEA, the Americas and Asia to companies running smaller estates we provide cost effective solutions. We have over 1,500 trained Oracle professionals and are an Oracle Platinum partner. Our Focus Oracle FCCM SaaS Oracle FlexCube Oracle ERP Fusion BPaaS High performance computing Exadata and Exalytics Managed Services and Applications Management Implementation Services Over 250 Implementations EMEA STRATEGIC SI PARTNER 3

4 Atos Cloud (Canopy) In IDC s Top 10 European Cloud Professional Services Vendor Shares 2013, Canopy was ranked the Number One European Cloud Professional Services provider based on revenue. 4

6 IT Infrastructure Private Cloud Atos IT FCCM-as-a-Service A service for banks that provides the market-leading Anti Money-Laundering and Fraud solution that s ready-to-go now. No up-front cost for purchasing or infrastructure No additional in-house IT resource required. Scalable and extendable to meet all current and future Governance, Risk and Compliance needs Bank Atos Service Staff dealing with Risk, Compliance & Financial Crime Service Desk Enhanced Application Management Scenario & Configuration Changes End User Compute Solution OFSSA BROWSER UI BI Systems & Repository MI OFSAA pre-configured for AML and fraud Banking & CRM systems Daily Batch Load VPN Watch Lists PEPs Negative news Third-Party Information Service providers 6

7 The Atos OFSAA Service Delivery Model Secure Private Cloud based on the Atos Canopy Cloud OFSAA Software installed with pre-configured Scenarios for AML and Fraud Service Desk to record, track and route incidents and change requests Enhanced Application Management comprehensive OFSAA skill set on demand Management of the data ingestion process On-going support for extending OFSAA product set, including supporting components such as ebusiness Suite, OBIEE or the Exadata platform. 7 7

8 ATOS and Oracle Differentiators Low up-front investment No upfront software purchase No additional infrastructure investment No additional IT skill sets required Preloaded with 300+* risk & compliance scenarios Fast time to value Scales and extends quickly and easily Supports long term growth of your business with lower TCO Greater compliance achievable with less staff Reduced risk of regulator-imposed fines Lower losses from fraud Solve the problem of multiple, non-integrated legacy systems *includes all FCCM Scenarios 8

9 Why ATOS Run NS&I, the UK s digital savings bank Including the FCCM Service #3 IT Provider in Europe 15,000 Financial Services technologists Serve 8 of Europe s 10 top Banks Operate a 1.1Bn payments processing business World class Cloud services Deep security expertise Experience in implementing Oracle s Financial Sector Solutions e.g. FlexCube at Western union. 9 9

11 Oracle Financial Services Analytic Application OFSAA 11

12 OFSAA FCCM Pedigree Mantus acquired by Oracle in 2006 AML, Trading Compliance, Brokerage Compliance Integrated into OFSAA Expanded FCCM into: Know Your Customer Enterprise Case Management Regulatory Reporting Real Time Fraud Pre-Trade Approval Energy And Commodities Trading 12

13 Bank Source Systems Regulatory Reporting and Electronic Filing Financial Crime & Compliance Management Components Overview FCCM Analytics (AML & Fraud Analytics/TC & BC Analytics/ECTC Analytics) AML Monitoring Fraud Monitoring Sanctions Filtering KYC Risk Scoring Broker Compliance Trading Compliance Energy & Commodity Trading Compliance FATCA Management Data Model for FCCM Alert and Case Management Fully Integrated Financial Crime and Compliance Management solution Common underlying data model Service Oriented Architecture to facilitate integration with other systems Meet regulatory requirements through product functionality for now and future All investigations and alert management functions are handled in a single application Common platform and infrastructure simplifies onboarding of new modules and jurisdiction lowers TCO 13

15 Anti Money Laundering Overview 15

16 AML Overview 16

17 A sample of the commonly used scenarios 17

18 Scenarios - the core of the AML application During data ingestion, risk/trust metrics are derived for the following entities based on watch list membership Account Customer Correspondent Bank Derived Address Derived Entity Geography Information on the Watch List includes Party Name Reference identifier (business id, tax id, drivers license, passport number, etc.) Transactions also can have risk associated with them Entity risk Activity Risk Risk and Trust are used to define conditional thresholds and for scoring There are a standard set of scenarios in the system against which thresholds can be set. New scenarios can be created if required. 18

19 Behaviour Detection 19

20 Watch list and Blacklisting Using Hotscan services HotScan uses fuzzy matching and artificial intelligence to scan structured and unstructured data to find matches on names and other biographical details. HotScan scans Prospective customers, current customers, suppliers and employees Transactions and financial messages Against watch lists Prohibited or high risk entities: companies individuals countries cities ships aircraft OUTCOMES High performance filtering and scanning in realtime, batch and on- demand. High quality solution reduces risk of noncompliance in face of evolving regulations 20

21 Scenarios KYC Processing Know Your Customer Process Initial Risk Assessment Low Medium High Enhanced Due Diligence Risk Assessment Schedule Re-review! Alerts Feedback to KYC Re- Assessment 21

22 Scenario Example Rapid Movement of Funds 22

23 Alert Creation Process 23

24 Alert Creation and Augmentation The BDF Process creates matches and alerts But post-processing controls what is available to the user 24

25 OFSAA FCCM Scenario Classes 25

26 Alert Management Alert Search Criteria Drop down list to assist in searching for Alerts: GUI interface with access control so users can only see data that they are allocated to by responsibility 26

27 Alert Management Alert Search Change the context of the view 27

28 Alert Details Matched Information Different tab show a different view of the realted information Scenario details Links to scenario threshold details and scoring detail Matched transactions that make up the alert with drill down into their detail. 28

29 Alert Details Account tab Account details for the specific account matched on this Alert 29

30 Alert Details Activities - e.g. promote to a case Activities allowed on this alert 30

31 Alert Details Case management Case details showing related alerts Different set of activities e.g. promote to Suspicious activity report 31

32 Oracle FCCM Suspicious Activity Report ed document or xml upload 32

33 Reporting Using Business Intelligence 33

35 Atos Fraud FCCM SaaS Solution Uses the Atos Private Cloud Data Centre Based in Germany Managed Service offering - with management of Hardware, Infrastructure, Software, Database, Data Ingestion Further offerings of scenario tuning, scenario creation, reporting extension Service Desk to record, track and route incidents and change requests Enhanced Application Management comprehensive OFSAA skill set on demand Runs the latest version of the OFSAA FCCM Fraud Analytics Scalable Solution allows growth Disaster recovery & failover options available Single tenant Secure & Easy to Use 35

36 Thanks Oliver Myall Oracle Solution Architect Atos, the Atos logo, Atos Consulting, Atos Sphere, Atos Cloud and Atos Worldgrid, Worldline, bluekiwi are registered trademarks of Atos Group. Juli Atos. Confidential information owned by Atos, to be used by the recipient only. This document, or any part of it, may not be reproduced, copied, circulated and/or distributed nor quoted without prior written approval from Atos.