Logica | Intelligent Self learning - a helping hand in financial crime


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The financial crime experts here at Logica, have developed sophisticated algorithms, that learn who is an offender and who is not. It is this self learning capability that means false positives can be reduced by up to 50%

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Logica | Intelligent Self learning - a helping hand in financial crime

  1. 1. FINANCIAL SERVICESINTELLIGENT SELF LEARNING (ISL)Global More efficient More effective INTELLIGENT SELF LEARNING – A HELPING HAND IN FINANCIAL CRIME All predictions show that banks are planning to spend more on compliance and regulatory change. Money laundering and terrorist financing are just two of the major issues which have to be tackled. The consequences for getting it wrong are now so severe that non compliance is not an option. Over the last two years, in collaboration with one of the world’s largest global Banks, Logica has developed a unique solution to significantly enhance the efficiency of any filtering and sanctions screening system. In recent production trials, reductions of between 20% and 50% have been confirmed. The financial crime experts here at Logica, have developed Intelligent Self Learning based on the use of sophisticated algorithms. By reviewing the output from your current filtering system, these learn who is a real offender and who is not. It is this intelligent self learning capability that producesKey benefits recommendations to enable your false positives to be reduced by up to 50%. Meaning fewer potential hits to be manually checked, dramatically reducing the workload on the AML operations.• Reduces false positives Which in turn means a happier team, and more importantly, reduced costs. by up to 50%• Improves overall SAVING YOU TIME AND MONEY efficiency of current • Integrates easily with current filtering infrastructure or host system filtering business • Reduces false positives by up to 50% process • Improves overall efficiency of current filtering business process• Resulting in fewer • Leverages innovative self-learning algorithm manual checks • Independent of real-time message flow – it is easy to implement • Retains current thresholds and/or compliance mandates – no changes to your existing effectiveness • Performs all processing with full transparency and an audit trail • Full workflow processes to enable selection of and processing of all recommendations • Enables global deployments via full Unicode support • Based on open platform with web browser architecture ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------T: +44 (0)207 954 1400 Logica is a business and technology service company, employing 41,000 people. It provides business consulting, systems integration andE: GlobalProducts@logica.com outsourcing to clients around the world, including many of Europes largest businesses. Logica creates value for clients by successfully integrating people, business and technology. It is committed to long term collaboration, applying insight to create innovative answers to clients’ business needs. Logica is listed on both the London Stock Exchange and Euronext (Amsterdam) (LSE: LOG; Euronext: LOG).www.logica.com/ISL More information is available at www.logica.comCODE GBP001