Financial Crime Management

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Photo © by Deutsche Bank AG

Financial Crime ManagementEIFR workshop 19th November 2015

| 19- 11-2015| EIFR – Atos FCCM SaaS Overview2

Agenda

Introduction

Atos FCCM SaaS Offering ▶ Cloud based service Deskription

▶ Applications Management

OFSAA overview ▶ What is OFSAA ?

▶ Where is it used?

▶ The FCCM Components

Anti Money Laundering in Detail

Summary

▶ Introductions

▶ Atos and Oracle

▶ AML Overview

▶ Scenario Description

▶ Data Ingestion and BehaviourDetection Framework

▶ Alert Post Processing

▶ Alert User Interface

▶ Case Management User Interface


The Atos Oracle Practice

About usWe 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

EMEA STRATEGICSI PARTNER

Over 250 Implementations


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.


Atos FCCM SaaS Offering

Agenda

Introduction

▶ Cloud based service Deskription






Summary

▶ Introductions

▶ Atos and Oracle

▶ AML Overview







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

End User Compute Solution

Scenario & Configuration Changes

Enhanced Application Management

Ato

s I

T

IT I

nfr

astr

uctu

re

BI Systems & Repository

Banking & CRM systems

Private

Clo

ud

OFSAA pre-configured for AML and fraud

Service Desk

OFSSA BROWSER UI

VPN

Third-Party Information Service providers

Watch Lists

PEPsNegative

news

Daily Batch Load

MI


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


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


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.

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Agenda

Introduction







Summary

▶ Introductions

▶ Atos and Oracle

▶ AML Overview







Oracle Financial Services Analytic Application OFSAA


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


Financial Crime & Compliance Management Components Overview

▶ 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 on-boarding of new modules and jurisdiction – lowers TCO

Alert and Case Management

Regula

tory

Report

ing a

nd

Ele

ctr

onic

Filin

g

Data Model for FCCM

FCCM Analytics (AML & Fraud Analytics/TC & BC Analytics/ECTC Analytics)

Bank S

ourc

e S

yste

ms

AML Monitoring

Fraud Monitoring

Broker Compliance

Sanctions Filtering

KYC Risk Scoring

Trading Compliance

Energy & Commodity Trading Compliance

FATCA Management



Agenda

Introduction







Summary

▶ Introductions

▶ Atos and Oracle

▶ AML Overview







Anti Money Laundering Overview


AML Overview


A sample of the commonly used scenarios


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.


Behaviour Detection


Watch list and BlacklistingUsing 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 real-time, batch and on- demand.

• High quality solution reduces risk of non-compliance in face of evolving regulations


Know Your Customer ProcessKYC P

rocessin

gScenarios

Alerts Feedback to KYC Re-Assessment

!

Schedule Re-review

Enhanced Due Diligence

Risk Assessment

Initial Risk Assessment

Low Medium High


Scenario Example Rapid Movement of Funds


Alert Creation Process


Alert Creation and Augmentation

The BDF Process creates matches and alerts

But post-processing controls what is available to the user


OFSAA FCCM Scenario Classes


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


Alert Management Alert Search

Change the context of the view


Alert DetailsMatched Information

Matched transactions that make up the alert with drill down into

their detail.

Different tab show a different view of the realted information

Scenario details

Links to scenario threshold details and scoring detail


Alert DetailsAccount tab

Account details for the specific account

matched on this Alert


Alert DetailsActivities - e.g. promote to a case

Activities allowed on this alert


Alert DetailsCase management

Case details –showing related

alertsDifferent set of activities – e.g. promote to Suspicious activity report


Oracle FCCM Suspicious Activity ReportEmailed document or xml upload


Reporting Using Business Intelligence



Agenda

Introduction







Summary

▶ Introductions

▶ Atos and Oracle

▶ AML Overview







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

Thanks

Oliver Myall Oracle Solution Architect [email protected]+44 7891 360264

Atos, the Atos logo, Atos Consulting, Atos Sphere, Atos Cloud and Atos Worldgrid, Worldline, blueKiwi are registered trademarks of Atos Group. Juli 2014 © 2014 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.

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Financial Crime Management

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