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Data Quality and Anti Money Laundering

Anti-Money Laundering Monitoring System

Data Quality and Anti Money Laundering

Anti-Money Laundering Monitoring System

Client testimonials

Credito Valtellinese

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: 

Data Quality, Anti Money Laundering

REQUIREMENTS, CHALLENGES & SOLUTION
Needs

The requirements
Automated, continuous, traceable, and reconstructable monitoring

Automation and efficiency 

  Fully automated process from data acquisition to outcome production

  Input data storage with possibility of consulting it: Master Data, Movements (from sectoral data streams), Unified Storage

  Automated reconciliation

  Analysis of the results via special monitors

Flexibility and Traceability

  Verification threshold parametrization and possibility to introduce new controls

  Definition of matching rules between the ledgers and the Centralized Computer Archive

  Storage with the operations of data and metadata modification

  Highly traceable process with the possibility to reconstruct it over time

Autonomy 

  A simple and intuitive interface for the user to modify filters, keys, and matching rules

  Quick implementation of new reconciliation chains (Master Data, Current Accounts, Securities, etc.)

  Building a bridge between Business and IT

Challenges

The challenges
Flexible, performant, 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

Automated standard technical controls over input data streams.

Reconciliation between sectoral streams and Centralized Computer Archive based on matching keys defined in the rule editor.

Data Aggregation & Reporting

A number of monitors to check and analyze reconciliation results or undue registration rejects

Usability

A simple and intuitive interface for the user to modify filters, keys, and matching rules

Orchestration

Fully automated orchestration activated via external triggers.

On-demand rerun after changes of one or more filter criteria

La soluzione

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 duration about 6 months)

Repository storage of results of processing and calculation logic used

Storage consulting through user interface

Reconciliation rule management and possible modification through a simple and intuitive user interface

A number of monitors for the users to analyze reconciliation results, including elaborate analysis

Cost reduction of inevitable recycling and runtime controls tuning