Data Quality and Anti Money Laundering
Anti-Money Laundering Monitoring System
Data Quality and Anti Money Laundering
Anti-Money Laundering Monitoring System
Client testimonials
Interview with Francesco Garbellini
Credito Valtellinese
Information Governance & Data Quality Manager
Francesco Garbellini participated as a speaker at the Irion Innovation Day
2019 event, held in Milan at the Cariplo Foundation.
Among the topics addressed:
REQUIREMENTS, CHALLENGES & SOLUTION
Requirements
Automated, continuous, traceable and rebuildable monitoring
Automation and efficiency
Fully automated process, from data acquisition to outcome generation
Storage and input data consultation: Master Data, Movements (from sector flows), Single Archive
Automatic reconciliation execution
Outcome analysis through dedicated monitors
Flexibility and Traceability
Verification threshold and introduction of new controls definition
Ledgers and AUI system matching definition rules
Archivio completo delle operazioni di rettifica (dati e metadati)
Massima tracciabilità del processo e la sua ricostruibilità nel tempo
Autonomy
Filters, key and matching rule modification by the user through a simple and intuitive interface
Fast reconciliation chain implementation (Master Data, Current Accounts, Securities, …)
Building a bridge between Business and IT
Challenges
Flexible, performing and automatic system
Data Integration & Transformation
Fully automated input data acquisition, transformation, integration and filtering
Data Warehousing
Creation of historical archive for consultation
Data Quality
Input flows standard technical checks.
Reconciliation between sectoral flows and AUI, based on matching keys defined through rule editor.
Data Aggregation & Reporting
A series of consultation monitors and reconciliations results analysis, on unwanted registrations
Usability
Filter, keys and matching rules modification by the user through a simple and intuitive interface
Orchestration
Fully automated orchestration via external triggers.
On-demand rerun following the variation of one or more filters
The solution
Data Quality and Anti Money Laundering with Irion EDM
Capabilities
Some of the features of Irion EDM:
Metadata Driven Engine, Execution & Datastore
Human Task Interface
Rule User Lab
Automatic Rule Documentation
Results obtained
Quick solution implementation (project lasted about 6 months)
Result repository storage of tasks and calculation logics
Archive consultiong through user interface
Reconciliation rule management and modification through a simple and intuitive user interface
A series of monitors for users to perform even complex analyzes on reconciliation results
Cost reduction of inevitable recycling and tuning of checks during excecution
You may also be interested in:
