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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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FINANCIAL SERVICES
INTELLIGENT SELF LEARNING (ISL)
Global
CODE GBP001
www.logica.com/ISL
T: +44 (0)207 954 1400E: [email protected]
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Logica is a business and technology service company, employing 41,000 people. It provides business consulting, systems integration andoutsourcing to clients around the world, including many of Europe's largest businesses. Logica creates value for clients by successfullyintegrating people, business and technology. It is committed to long term collaboration, applying insight to create innovative answers toclients’ business needs. Logica is listed on both the London Stock Exchange and Euronext (Amsterdam) (LSE: LOG; Euronext: LOG).More information is available at www.logica.com
INTELLIGENT SELF LEARNING – A HELPING HAND IN FINANCIALCRIME
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 hasdeveloped a unique solution to significantly enhance the efficiency of any filtering and sanctionsscreening system. In recent production trials, reductions of between 20% and 50% have beenconfirmed.
The financial crime experts here at Logica, have developed Intelligent Self Learning based on theuse of sophisticated algorithms. By reviewing the output from your current filtering system, theselearn who is a real offender and who is not. It is this intelligent self learning capability that producesrecommendations to enable your false positives to be reduced by up to 50%. Meaning fewerpotential hits to be manually checked, dramatically reducing the workload on the AML operations.Which in turn means a happier team, and more importantly, reduced costs.
SAVING YOU TIME AND MONEY• Integrates easily with current filtering infrastructure or host system
• Reduces false positives by up to 50%
• Improves overall efficiency of current filtering business process
• Leverages innovative self-learning algorithm
• Independent of real-time message flow – it is easy to implement
• Retains current thresholds and/or compliance mandates – no changes to your existingeffectiveness
• 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
More efficientMore effective
Key benefits
• Reduces false positivesby up to 50%
• Improves overallefficiency of currentfiltering businessprocess
• Resulting in fewermanual checks
