Analytically driven optimisation for Financial Crime AML Transaction Monitoring systems – what is it and why do it?

Now available ondemand. Click on the button below to watch the recorded version

Business as usual (BAU) activities typically prevent effective updates to transaction monitoring solutions. While the organisation is focused on adjusting to changes in the market, addition of new products and services or updating platforms to meet new regulation, the transaction monitoring solution continues to process daily loads and over time the system efficiency can decrease. This webinar will start to explore the approach to optimisation from an AML perspective – and how investing resource into providing a continuous monitoring approach process will deliver longer term benefits.

This webinar will outline some of the reasons behind why transaction monitoring system optimisation (TMO) should be completed, and also outline some of the benefits if applied as part of a regular BAU activity.

Considerations for tuning a Financial Crime AML Transaction Monitoring system

Now available ondemand. Click on the button below to watch the recorded version

Transaction Monitoring Optimisation presents a non-trivial task for organisations. The complexity lays within the detailed interactions between the different scenarios, alerting mechanisms, support for the risk based approach, recording of decision making processes, the skill sets required to complete the optimisation and also the implications of the changes. A balance needs to be stuck between “quantitative v qualitative” measures for the tuning activities. Furthermore, taking account of the business risks associated with different lines of business and transaction types requires a mixture of business knowledge and application of technological capabilities.

Finally, building this into an ongoing BAU process focused on regular review must be considered.

This webinar will discuss approaches and considerations for effective tuning, and considerations to address the areas outlined, and build from the previous webinar topics.