A huge amount of transactions happens in a day at financial institutions and some of them happen to conceal the origins of money obtained illegally by passing it through a complex sequence of banking transfers or commercial transactions. Financial institutions cannot detect them many times due to requiring generating insights from a high volume of transactions.
Lagom Data Knowledge Platform connects diversified sources of information and generates insights on top of them to handle Anti Money Laundering.
Key powers include:
No-Code Scenarios: Drag and drop scenarios without needing to use any query language i.e. SQL or defining custom code.
Machine Learning Capability: ML based auto generated scenarios, network relation graph.
Low False Positive Rates: Decreased false positive rates compared to other tools with the power of AI/ML.
Horizontal Scalability: Running each scenario within milliseconds even running on peta bytes of data .
Alarms: Workflow-based alarm notifications which can integrate to external systems.
Analytics: Extensive reporting and analytics, graph generation of financial data relation.