The client, an online remittance service provider, faced issues with fraud and money laundering that slowed transaction processing. They developed a risk scoring model using transaction history and other data to automatically classify transactions as low, moderate, high, or extremely high risk. Transactions classified as moderate or higher risk would require manual review, reducing review volume by over 500 per day and cutting processing time in half. The model helped compliance staff focus their manual reviews on higher-risk cases.
In the face of the increasing speed of technological change, how do we implement robust, flexible and scalable AML/CFT Monitoring Solutions that comply with local legislative requirements and international best practice. The talk explores the key determinants for technology project success and the benefits of Agile approaches to software development and implementation. The talk also recommends a framework for the Analysis and Design phase of AML/CFT Technology Implementations.
Getting it right from the start: Taking a strategic approach to client onboar...Accenture Insurance
Firms providing wealth management services know that getting the client onboarding experience right over the first 90 to 120 days of the relationship is essential. Performed properly, onboarding helps set the foundation for a deeper, more profitable long-term relationship.
Third-Party Risk Management: A Case Study in OversightNICSA
Two Part Series: Part II of II
Third-Party Risk Management: A Case Study in Oversight
Sleep Better at Night: Learn techniques to manage risks associated with third-party relationships.
A robust risk assessment process is central to maintaining a strong Anti-Money Laundering (AML) compliance program. In this new Accenture presentation we explore how financial services firms can set-up an effective process. Visit our fraud and financial crime blog post for more on AML risk assessment program: http://bit.ly/2aPlQQ7
In the face of the increasing speed of technological change, how do we implement robust, flexible and scalable AML/CFT Monitoring Solutions that comply with local legislative requirements and international best practice. The talk explores the key determinants for technology project success and the benefits of Agile approaches to software development and implementation. The talk also recommends a framework for the Analysis and Design phase of AML/CFT Technology Implementations.
Getting it right from the start: Taking a strategic approach to client onboar...Accenture Insurance
Firms providing wealth management services know that getting the client onboarding experience right over the first 90 to 120 days of the relationship is essential. Performed properly, onboarding helps set the foundation for a deeper, more profitable long-term relationship.
Third-Party Risk Management: A Case Study in OversightNICSA
Two Part Series: Part II of II
Third-Party Risk Management: A Case Study in Oversight
Sleep Better at Night: Learn techniques to manage risks associated with third-party relationships.
A robust risk assessment process is central to maintaining a strong Anti-Money Laundering (AML) compliance program. In this new Accenture presentation we explore how financial services firms can set-up an effective process. Visit our fraud and financial crime blog post for more on AML risk assessment program: http://bit.ly/2aPlQQ7
IT outsourcing - Best practices in vendor managementComarch
Vendor management to meet business objectives, to minimize potential business disription and to avoid deal and delivery failure. What is important for vendor management and what are the lessons learned?
Understanding revenue risk is central to implementing effective RA controls, and to establishing a company-wide revenue and cost risk management framework.
Identifying and closing control gaps should be the highest priority for revenue assurance managers today.
This webinar with Geoff Ibbett, independent consultant and TM Forum Trainer, discussed an approach to risk mitigation that will allow managers to optimise costs at the same time.
Covered in the webinar:
- An introduction to RA maturity
- Basic risk management concepts
- Preventative vs. corrective techniques
- The importance of primary and secondary controls
- Dynamic risk management
8 slide summary on the capabilities of Resolve Corporation as a Business Process Outsourcer to the Fiinancial Services, Retail, and Government segment.
Are you prepared to manage the current challenges, risks, and complexities related to vendor risk management in the financial industry? In summer 2014, in association with MetricStream, RMA conducted the Third-Party Vendor Risk Management Survey. This presentation brings you the highlights of the survey and some sound advice to manage your third- and fourth-party suppliers.
The solution provides a suite of fully incorporated lending solutions, including a proprietary credit risk scorecard for risk assessment, automatic processing for efficiency, regular updates in tandem with banking regulations, built-in triggers to keep out payment issues and around-the-clock-tech-support.
How can you increase profits while your money is literally going out the door? We have identified 10 common service problems companies experience and provided some solutions to those problems, which will help you fix your revenue leakage as well as increase efficiencies and drive more revenues.
IT outsourcing - Best practices in vendor managementComarch
Vendor management to meet business objectives, to minimize potential business disription and to avoid deal and delivery failure. What is important for vendor management and what are the lessons learned?
Understanding revenue risk is central to implementing effective RA controls, and to establishing a company-wide revenue and cost risk management framework.
Identifying and closing control gaps should be the highest priority for revenue assurance managers today.
This webinar with Geoff Ibbett, independent consultant and TM Forum Trainer, discussed an approach to risk mitigation that will allow managers to optimise costs at the same time.
Covered in the webinar:
- An introduction to RA maturity
- Basic risk management concepts
- Preventative vs. corrective techniques
- The importance of primary and secondary controls
- Dynamic risk management
8 slide summary on the capabilities of Resolve Corporation as a Business Process Outsourcer to the Fiinancial Services, Retail, and Government segment.
Are you prepared to manage the current challenges, risks, and complexities related to vendor risk management in the financial industry? In summer 2014, in association with MetricStream, RMA conducted the Third-Party Vendor Risk Management Survey. This presentation brings you the highlights of the survey and some sound advice to manage your third- and fourth-party suppliers.
The solution provides a suite of fully incorporated lending solutions, including a proprietary credit risk scorecard for risk assessment, automatic processing for efficiency, regular updates in tandem with banking regulations, built-in triggers to keep out payment issues and around-the-clock-tech-support.
How can you increase profits while your money is literally going out the door? We have identified 10 common service problems companies experience and provided some solutions to those problems, which will help you fix your revenue leakage as well as increase efficiencies and drive more revenues.
The path to a Modern Data Architecture in Financial ServicesHortonworks
Delivering Data-Driven Applications at the Speed of Business: Global Banking AML use case.
Chief Data Officers in financial services have unique challenges: they need to establish an effective data ecosystem under strict governance and regulatory requirements. They need to build the data-driven applications that enable risk and compliance initiatives to run efficiently. In this webinar, we will discuss the case of a global banking leader and the anti-money laundering solution they built on the data lake. With a single platform to aggregate structured and unstructured information essential to determine and document AML case disposition, they reduced mean time for case resolution by 75%. They have a roadmap for building over 150 data-driven applications on the same search-based data discovery platform so they can mitigate risks and seize opportunities, at the speed of business.
Implementing Anti-Money Laundering and Know Your Customer Managed Services So...accenture
The financial services industry is experiencing increased scrutiny, prompting institutions to rapidly evolve their AML and KYC programs. Many firms are struggling to expand their operations accordingly, and addressing these issues calls for new approaches, including adapting a managed services model for AML and KYC functions. This presentation also covers how robotic process automation (RPA) opportunities for AML/KYC functions. For more on a managed services approach on AML and KYC, visit: http://bit.ly/2czFJ1U
How to run effective client onboarding and KYC processesLeigh Hill
Increasing cost, complexity and regulatory change continue to challenge firms implementing client onboarding and Know Your Customer (KYC) systems. With an effective strategy and a clearly defined pathway, it’s possible to gain a valuable competitive advantage whilst meeting those all-important compliance requirements. But how to get there?
With a myriad of different options out there and a clamour of information attempting to be heard, the practical implementation of a coherent client onboarding strategy can be challenging – especially in today’s environment, where both banks and their clients are attempting to acclimatise to a whole new way of working.
Data is a crucial cog in this wheel – and for many financial institutions, this can throw up a seemingly insurmountable barrier, with much in-house data still siloed, frequently uncategorised, and often disorganised. Learning how to source, cleanse and effectively govern operational and onboarding data is a vital step in the KYC process, and one that requires a holistic data strategy in order to implement.
This webinar explores how to most effectively streamline and improve your client onboarding and KYC processes in order to meet today’s complex regulatory requirements and leverage increasingly pressing commercial imperatives. Join us to:
-Evaluate the obstacles to effective onboarding and learn how to address them
-Explore the latest developments in onboarding innovation and automation
-Discover the benefits and cost savings available through streamlined KYC processes
-Investigate the best ways of aggregating and effectively managing your onboarding and operational data
-Identify best practice and create a path forward.
Presentation at 2013 ACORD LOMA Conference on moving insurance to a world of digital congress, from electronic apps to e-signatures, straight through processing, and image management. Presented in partnership with AXA Equitable's Nick Intrieri
How to Improve Performance with Next-Gen Sales Enablement Technology in Finan...Perficient, Inc.
How are next-generation knowledge management solutions changing the pace of sales and marketing efficiency in financial services?
IT departments for financial firms are investing in enterprise solutions like cloud and mobile technology to improve efficiency, and sales and marketing are no exception. Information is often scattered, compliance approvals for collateral are a burden, and real-time access to the right materials and data is a challenge for most financial services companies.
A lot has changed with knowledge management solutions in financial services. From mobile access and cloud-based platforms to automation, analytics and seamless integration to CRM – you can’t afford to be left in the dust.
Join us as our team of industry experts explore:
Technology trends redefining your processes and IT systems
Scalable, dynamic solutions to empower sales and marketing teams
Best practices in implementing enterprise platforms
Client success stories in asset and wealth management
In Q1 2017, our Advisory Board member Peter Ryan surveyed 300 in-house contact center executives from around the world on various themes that impact their operations on a regular basis. The results were collected and shared to an exclusive audience of global contact center professionals via a highly successful, invitation-only webinar.
We are happy to share an excerpt of highlights from the comprehensive report. These thought-provoking highlights feature a sampling of information that includes:
CRM budgets
CRM budget priorities
Agent attrition levels
Current pressure points
Data and analytics usage
Delivery point assessment
MindK offers web and mobile app development, quality assurance, and DevOps services. Over the past decade, MindK has developed over 120 complex B2B and B2C solutions in the e-commerce, financial services, and construction sectors. Our coordinated teams include project managers, developers, designers, DevOps, and QA engineers. At MindK, our goal is to help clients accelerate growth and innovation, boost operational efficiency and improve profitability and customer satisfaction.
Our passion for technology and years of experience in the IT industry is reflected in the professionalism of our team, enabling us to deliver predictable results that exceed expectation, accelerating our clients’ time to market and ensuring sustainable growth.
We are proud that:
Our average client relationship is 5 years
96% of our clients' projects have met deadlines
84% of our clients continue working with us on this very day and come back with new projects.
MindK footprint spreads globally and covers the following regions: USA, UK, EU, Norway, Australia, and Israel.
Redefine the Delivery of Financial Services Journeys That Clients LOVE! [inQu...Antony Adelaar
This is the slideware used in a live inQuba & Microsoft webinar hosted on the 23rd of September 2020.
Recording here: https://youtu.be/J89zWhnpCb4
Do you want to learn how to use digital platforms in the FSI industry to stay relevant to your customers in the Digital Economy?
Join inQuba MD, Trent Rossini, and Microsoft FSI Sales Lead, Servaas Venter, in an upcoming webinar, where you’ll learn:
• When and why customers are likely to lapse
• How to nudge customers to achieve their signup goals
• The actions you can take to retain high risk customers
• How to obtain continuous customer feedback during their journey
• How to augment your legacy systems with modern digital platforms
• How to kick off conversion and retention programmes for your customers
Learn how to redefine the delivery of Financial Services client journeys that customers LOVE!
Explore our comprehensive data analysis project presentation on predicting product ad campaign performance. Learn how data-driven insights can optimize your marketing strategies and enhance campaign effectiveness. Perfect for professionals and students looking to understand the power of data analysis in advertising. for more details visit: https://bostoninstituteofanalytics.org/data-science-and-artificial-intelligence/
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Empowering the Data Analytics Ecosystem: A Laser Focus on Value
The data analytics ecosystem thrives when every component functions at its peak, unlocking the true potential of data. Here's a laser focus on key areas for an empowered ecosystem:
1. Democratize Access, Not Data:
Granular Access Controls: Provide users with self-service tools tailored to their specific needs, preventing data overload and misuse.
Data Catalogs: Implement robust data catalogs for easy discovery and understanding of available data sources.
2. Foster Collaboration with Clear Roles:
Data Mesh Architecture: Break down data silos by creating a distributed data ownership model with clear ownership and responsibilities.
Collaborative Workspaces: Utilize interactive platforms where data scientists, analysts, and domain experts can work seamlessly together.
3. Leverage Advanced Analytics Strategically:
AI-powered Automation: Automate repetitive tasks like data cleaning and feature engineering, freeing up data talent for higher-level analysis.
Right-Tool Selection: Strategically choose the most effective advanced analytics techniques (e.g., AI, ML) based on specific business problems.
4. Prioritize Data Quality with Automation:
Automated Data Validation: Implement automated data quality checks to identify and rectify errors at the source, minimizing downstream issues.
Data Lineage Tracking: Track the flow of data throughout the ecosystem, ensuring transparency and facilitating root cause analysis for errors.
5. Cultivate a Data-Driven Mindset:
Metrics-Driven Performance Management: Align KPIs and performance metrics with data-driven insights to ensure actionable decision making.
Data Storytelling Workshops: Equip stakeholders with the skills to translate complex data findings into compelling narratives that drive action.
Benefits of a Precise Ecosystem:
Sharpened Focus: Precise access and clear roles ensure everyone works with the most relevant data, maximizing efficiency.
Actionable Insights: Strategic analytics and automated quality checks lead to more reliable and actionable data insights.
Continuous Improvement: Data-driven performance management fosters a culture of learning and continuous improvement.
Sustainable Growth: Empowered by data, organizations can make informed decisions to drive sustainable growth and innovation.
By focusing on these precise actions, organizations can create an empowered data analytics ecosystem that delivers real value by driving data-driven decisions and maximizing the return on their data investment.
Adjusting primitives for graph : SHORT REPORT / NOTESSubhajit Sahu
Graph algorithms, like PageRank Compressed Sparse Row (CSR) is an adjacency-list based graph representation that is
Multiply with different modes (map)
1. Performance of sequential execution based vs OpenMP based vector multiply.
2. Comparing various launch configs for CUDA based vector multiply.
Sum with different storage types (reduce)
1. Performance of vector element sum using float vs bfloat16 as the storage type.
Sum with different modes (reduce)
1. Performance of sequential execution based vs OpenMP based vector element sum.
2. Performance of memcpy vs in-place based CUDA based vector element sum.
3. Comparing various launch configs for CUDA based vector element sum (memcpy).
4. Comparing various launch configs for CUDA based vector element sum (in-place).
Sum with in-place strategies of CUDA mode (reduce)
1. Comparing various launch configs for CUDA based vector element sum (in-place).
Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...pchutichetpong
M Capital Group (“MCG”) expects to see demand and the changing evolution of supply, facilitated through institutional investment rotation out of offices and into work from home (“WFH”), while the ever-expanding need for data storage as global internet usage expands, with experts predicting 5.3 billion users by 2023. These market factors will be underpinned by technological changes, such as progressing cloud services and edge sites, allowing the industry to see strong expected annual growth of 13% over the next 4 years.
Whilst competitive headwinds remain, represented through the recent second bankruptcy filing of Sungard, which blames “COVID-19 and other macroeconomic trends including delayed customer spending decisions, insourcing and reductions in IT spending, energy inflation and reduction in demand for certain services”, the industry has seen key adjustments, where MCG believes that engineering cost management and technological innovation will be paramount to success.
MCG reports that the more favorable market conditions expected over the next few years, helped by the winding down of pandemic restrictions and a hybrid working environment will be driving market momentum forward. The continuous injection of capital by alternative investment firms, as well as the growing infrastructural investment from cloud service providers and social media companies, whose revenues are expected to grow over 3.6x larger by value in 2026, will likely help propel center provision and innovation. These factors paint a promising picture for the industry players that offset rising input costs and adapt to new technologies.
According to M Capital Group: “Specifically, the long-term cost-saving opportunities available from the rise of remote managing will likely aid value growth for the industry. Through margin optimization and further availability of capital for reinvestment, strong players will maintain their competitive foothold, while weaker players exit the market to balance supply and demand.”
Data Centers - Striving Within A Narrow Range - Research Report - MCG - May 2...
Analytics in action - How Marketelligent helped an Online Remittance firm identify Risky Transactions
1. Business Situation:
Being a service provider of online remittances, the client faced significant problems with fraud and money laundering. A lot of
time was being invested in manual review of all transactions, which in turn delayed the overall transaction processing time,
and also impacted customer satisfaction.
The Task:
To develop a process where only high risk transactions are sent for manual review, and rest are approved automatically.
The Analysis:
• Transaction history, compliance, service data along with external data sources like SSN responses and AMLOCK (Anti-
Money Laundering Database) data for high risk Customers was leveraged
• Critical variables defined that would serve as inputs to the Risk Score were divided into 5 broad categories - Geographic,
Historic, Identity, Transaction and Demographic - to make it easier to understand the reason for high risk during manual
review process
• Along with these variables some rules were also created based on compliance policy and Government regulations, which
when triggered automatically moved transaction to manual review irrespective of the risk score
• Multiple linear regression was performed to arrive at a transaction-level Risk score, and 4 Risk classes were
correspondingly defined (<25: Low, 25-50: Moderate, 50-75: High, 75-100: Extremely High)
The Implementation:
• A schedule of data extraction was setup to generate the Risk score before the KYC forms were prepared.
• The process was streamlined to ensure that all KYC forms carried a Risk score
• The Risk score and Risk class were populated on the KYC sheets
• Compliance committee continues to give it’s opinion on each KYC form (Low Risk to Extremely High Risk) and the
predictive model continues to be bootstrapped
The Result:
• The new Process reduced number of transactions reviewed manually from 700-800/day to 200/day, and also reduced the
average turnaround time for transactions from from 3.0 to 1.5 days.
• The process also helped the compliance team to identify which documents/clarifications to get from customer to process
the transaction.
Analytics in Action
Transaction-level Risk Assessment
Client : A Leading Service Provider of Online Remittances
2. YOUR PARTNER FOR
DATA ANALYTICS SERVICES
MANAGEMENT TEAM
GLOBAL EXPERIENCE.
PROVEN RESULTS.
Roy K. Cherian
CEO
Roy has over 20 years of rich experience in marketing, advertising and media
in organizations like Nestle India, United Breweries, FCB and Feedback
Ventures. He holds an MBA from IIM Ahmedabad.
Anunay Gupta, PhD
COO & Head of Analytics
Anunay has over 15 years of experience, with a significant portion focused
on Analytics in Consumer Finance. In his last assignment at Citigroup, he was
responsible for all Decision Management functions for the US Cards
portfolio of Citigroup, covering approx $150B in assets. Anunay holds an
MBA in Finance from NYU Stern School of Business.
Buck Chintamani
EVP, Strategic Initiatives & Business Development
Buck has extensive experience working with global clients across sectors.
He was an early employee at Infosys, a founding team member at supply-
chain software startup - Yantra, and part of the management team at RFID
sector startup - Reva. Most recently, he was the Vice-President for Service
Partner Strategy and Programs at product lifecycle management software
company, PTC. Buck has an MBA from IIM Ahmedabad.
Kakul Paul
Business Head, CPG
Kakul has over 6 years of experience within the CPG industry. She was
previously part of the Analytics practice as WNS, leading analytic initiatives
for top Fortune 50 clients globally. She has extensive experience in what
drives Consumer purchase behavior, market mix modeling, pricing &
promotion analytics, etc. Kakul has an MBA from IIM Ahmedabad.
ADVANCED ANALYTICAL SOLUTIONS
MARKETELLIGENT, INC.
80 Broad Street, 5th Floor, New York, NY 10004
1.212.837.7827 (o) 1.208.439.5551 (fax) info@marketelligent.com
CONTACT www.marketelligent.com
Industry Business Focus Tools and Techniques
Consumer Finance Investment Optimization SAS, SPSS, R, VBA
Credit Cards Revenue Maximization Cluster analysis
Loans and Mortgages Cost and Process Efficiencies Factor analysis
Retail Banking & Insurance Forecasting Conjoint analysis
Wealth Management Predictive Modeling Perceptual maps
Consumer Goods and Retail Risk Management Neural Networks
CPG & Retail Pricing Optimization Chaid / CART
Consumer Durables Customer Segmentation Genetic Algorithms
Manufacturing and Supply Chain Supply Chain Management Support Vector Machines
High Tech OEM’s Sentiment Analysis
Automotive
Logistics & Distribution