The client wanted to modernize their technological and functional landscape and conform to the latest regulatory requirements. Infosys was engaged to provide End-to-end managed services on Cloud.
Key Challenges
- Meeting regulatory deadlines and establishing a strong technological solution to anti-money laundering, fraudulent transactions, and terrorist financing
- Cloud-first strategy in the bank, need for looking to modernize and migrate to a cloud enabled platform
- Needed AI/ML capabilities in fighting financial crime
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The Solution
End-to-end Managed services on Cloud
- End-to-end Managed services solution from infrastructure, License, implementation and AMS.
- Actimize AML solution implemented in Infosys managed Microsoft Azure Cloud with Future proof architecture
- Actimize AML Suite - Watchlist screening, Transaction monitoring, Customer due diligence, Alert and Case management systems implementation in record time of six months
- Complex regional lists integration for screening
Benefits
Technical and compliance modernization
Robust Single holistic solution for AML monitoring
Reduced TCO of ~30% due to scalable solution on Cloud
Conformance to high standards of Data and Information Security
Reduction in alert handling time by 20%
