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
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
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
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
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