Home › Industries › Banking & Financial Services › Anti Money Laundering (AML) Solutions › AML Add-on Solutions
Robotic Process Automation
In recent years, Anti-Money Laundering (AML) Compliance has been one of the key focus areas in the Banking industry, and the cost of AML compliance is expected to increase at an accelerated pace, due to the growing complexities & challenges involved in anti-money laundering program, solution and operation. Having spent the past decade helping its global clients implement and enhance AML solutions, LTIMindtree has addressed many infrastructure, scalability, availability, stability, performance, efficiency and functional problems faced by clients. Naturally, the company has thus garnered a wealth of expertise in this area, which can benefit the Banking industry in general.
LTIMindtree’s AML Suite is a set of add-on solutions & tools, built on top of the proprietary Mosaic Framework, which has been developed using the latest technology innovations, including Big Data, Business/Robotics Process Automation, Machine Learning, Natural Language Processing (NLP) and more. It offers scalability and flexibility, and can be implemented to augment the capability of clients’ existing AML solutions.
This solution is centered on a sophisticated Robotic engine, which can be configured to automate a number of traditionally manual, time-consuming and error-prone tasks. These tasks include data collection and extraction, pre-population of document templates, online search and result capturing, etc., allowing the AML team to concentrate resources on critical analytical and judgmental tasks.This solution is centered on a sophisticated Robotic engine, which can be configured to automate a number of traditionally manual, time-consuming and error-prone tasks. These tasks include data collection and extraction, pre-population of document templates, online search and result capturing, etc., allowing the AML team to concentrate resources on critical analytical and judgmental tasks.
This solution employs advanced OCR, NLP and Cognitive Text Mining techniques, which significantly reduce the document processing time and error rate. The use of proven technology innovations and workflow, allows the client to focus its subject matter expertise on analytical and judgmental tasks, in lieu of the repetitive, error-prone and time-consuming data collection activities. This solution can be integrated with the client’s existing AML solutions.
This solution has a flexible data model to accommodate the commonly used customer, transactional, investigation and KYC information, factored to calculate the customer risk score. Its modular, configurable and weighted risk model allows each client to tailor the core risk scoring engine, based on its specific business conditions and needs.
This is an easy-to-integrate add-on solution, with ability to search, resolve and correlate information on customers, associates, counterparties, etc., and matches them against the sanction and watch lists. Powered by technology innovations, including robotics, OCR, NLP and AI, this solution extracts the entity information from various sources, builds the relationship tree, and provides analysts the UBO details.
This solution is a lightweight and visual add-on solution, which can be integrated with the client’s AML investigation case management or workflow systems. This solution collects the client, transactional, investigation and KYC information; and consolidates, aggregates & presents it side by side to provide analysts with a 360 view of the customers.
Robotic Process Automation
Document Processing with OCR, NLP and Cognitive Text Mining
Digital Transformation
Data Lineage, Governance and ETL
Analytics, Visualization and Business Intelligence
Data Consolidation, Transformation and Migration to Data Lake and Cloud
Our use of Cookies
We use necessary cookies to make our site work. We'd also like to set optional analytics cookies to help us improve it. We won't set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences.
For more detailed information about the cookies we use, see our Cookies page.
Strictly Necessary Cookies
Strictly necessary cookies are those that are essential for our sites to work in the way you have requested. You may disable these by changing your browser settings, but this may affect how the website functions.
For more detailed information about the cookies we use, see our Cookies page.
Performance/Analytics Cookies
Performance cookies, often called analytics cookies, collect data from visitors to our sites on a unique, but anonymous basis. The results are reported to us as aggregate numbers and trends. LTI allows third-parties to set performance cookies. We rely on reports to understand our audiences, and improve how our websites work.
Functional Cookies
We may use site performance cookies to remember your preferences for operational settings on our websites, so as to save you the trouble to reset the preferences every time you visit. For example, the cookie may recognize optimum video streaming speeds, or volume settings, or the order in which you look at comments to a posting on one of our forums. These cookies do not identify you as an individual and we don’t associate the resulting information with a cookie that does.
For more detailed information about the cookies we use, see our Cookies page.
Social Media Cookie
If you use social media or other third-party credentials to log in to our sites, then that other organization may set a cookie that allows that company to recognize you. The social media organization may use that cookie for its own purposes. The Social Media Organization may also show you ads and content from us when you visit its websites.
For more detailed information about the cookies we use, see our Cookies page.
Targeting/Advertising Cookies
We use tracking and targeting cookies, or ask other companies to do so on our behalf, to send you emails and show you online advertising, which meet your business and professional interests. If you have registered on our websites, we may send you emails, tailored to reflect the interests you have shown during your visits.
For more detailed information about the cookies we use, see our Cookies page.