Money Laundering

Manage customer information

Money Laundering

Manage customer information

Purpose

Our client was a large multinational bank and regularly interfacing with the Central Bank. They required DataSpartan to create an anti-money laundering and know-your-customer system to manage customer information and predict customer credit risk.

Approach

An end-to-end system was created using J2EE, DB2, Oracle, and Biztalk. DataSpartan delivered the work in sprints and completed the project over a 6-month time period. In addition to the backend features, an extensible internal dashboard was created to provide a global overview of customer credit risk to management.

 

Result

The system is currently in use and the client is using it to generate customer credit reports for Central Bank compliance. Multiple manual processes were automated through this system.