With a proven track of delivered projects, we offer a complete service of creating technology solutions - from a need to an innovation. Our data driven, well-designed and engineered method of operation is aimed at efficient idea generation, rapid prototyping, validation and implementation. All these stages are carried out in close cooperation with you.
This approach allows us to provide solutions for improving and automating a number of anti-money laundering (AML) operational processes. The skills of our talented people - data analysts, data scientists and software developers enable us to build any type of solution for you.
The process of implementing Research and Development as a Service (R&D as a Service “R & DaaS”) in four simple steps
Defining
identification of problems and needs through brainstorming within a multidisciplinary team composed of PwC specialists and client's business experts
Developing
development of a solution using prototyping using the latest technologies
Designing
close cooperation to develop an approach to the problem that will fully satisfy the end user
Finalization
assessment and implementation of the solution, providing technical documentation to ensure a smooth handover
Benefits
Cost reduction
digitization and modernization of many processes and decrease of human labor inputs
Risk mitigation
much more predictability of the process thanks to prototyping and a step-by-step approach
Great experience
creating unique solutions with the participation of our research and development department and the use of the latest technologies
Faster results
potential huge time savings due to the lack of the need to build internal competency, resources and ESS
Find out how we can help
Below we present examples of solutions that we have already developed together with our clients
Documents review tool
Automated, smart keyword search in PDF files. Time to say goodbye to CTRL + F.
The tool was designed to be powerful, yet user-friendly, to enable analysts to easily upload documents, correctly catch all phrases and even correct typos.
Functionalities:
- Automation - Automate boring, repetitive search processes of sensitive phrases in PDF documents.
- Structured results - Present findings in a structured, tabular format, with the ability to export the data.
- Broader context - Provide context, along with the hyperlinks to easily jump into the right place in the document.
Benefits:
- Solution tailored to the needs - review of selected documents and generation of reports with conclusions based on a set of user-defined keywords and the use of a web interface that allows trouble-free use of the tool
- Reduction of human effort - saving up to 30 minutes for each case
- Quality improvement - fewer corrections due to the unified approach to the document review process
Predictive Sampling
Catching errors before they even have a chance to be made.
Regulatory processes relating to customer verification (Know Your Customer - KYC) require multi-layered quality controls that involve a significant expenditure of effort and resources. Therefore, we have created a solution capable of reducing costs and effective risk management. Additionally, we used artificial intelligence to select the group most vulnerable to errors for the qualitative review.
Functionalities:
- Statistically-backed decision process - based on the experience from multiple projects, project teams noticed that there are several factors that make cases more likely to contain errors - such as their complexity or the analyst's experience.
- Connection to the workflow - in order to be able to automatically assign cases to the quality checkers, we connected the solution directly to the workflow system.
- Continuous monitoring - to make sure the models are making justified, correct decisions, their performance is being constantly monitored. When there is a need to redevelop them, we do so in a matter of hours.
Benefits:
- Quality improvement - reducing the number of cases sent for verification to those with a high probability of error causes quality controllers to have more time to focus on tasks that require their special attention.
- Reducing human effort - the automation of activities allows you to save time and increase the effectiveness of the activities performed.
- Better resource planning - the ability to estimate the project timeframe and allocate employees to them more precisely thanks to the knowledge of the approximate number of events containing errors.
Process Scout
Find out what's really going on in your processes. One place to get all the answers.
Process Scout was designed to map, analyse and visualise processes, combining pieces that previously were conducted separately, taking a lot less time and effort.
Data analysis is a challenge - you need to group the cases, calculate the statistics within these groups, and at the same time keep the whole process in check. With this solution, you just need to load data and spend some time analsing charts and metrics directly in the tool.
Functionalities:
- Feature-rich process map - data visualisation is an invaluable way to understand the data; when it comes to process mining it is a must. As the main part of the solution, the process map was carefully designed to answer the most important business needs.
- Advanced filtering - allows the user to load an (almost) unlimited number of custom filters to slice and dice each part of the analysis; it is crucial to compare different subprocesses and understand what is impacting the main process.
- Versatility - tool accepts a standard file format - CSV. This means that it can be used for any kind of event log data.
- Data export - the ability to export the data to the Excel format makes it really easy to look at the numbers behind the scenes.
- Many metrics and charts
Benefits:
- Standardisation of the process - reducing the duplication of work resulting from different approaches to the analysis of processes within projects, and focusing more on other aspects requiring manual preparation
- Informed decisions - data-driven, precise decisions instead of basing on assumptions or incomplete pictures.
- Reduce efforts and costs - a proper management of the process is crucial in order to maintain clients and meet deadlines. It also helps with resource planning.
Screening tool
Nobody can go through thousands of documents without complaining... Except our solution.
Our tool allows you to extract information from official documents (ID cards, passports, financial reports) or online sources and automatically discounts false positive hits from sanctions and politically exposed persons (PEP) list screenings.
Functionalities:
- Automation of the process of acquiring data from an image.
- Automation of the data verification process - the use of RPA (Robotic Process Automation) to screen data collected from documents in third-party AML-related search engines. The possibility of verifying whether a given person is on the sanctions list or not, taking into account all the extracted data.
- Reduction of the number of false positive alerts - the ability to effectively compare screened data on sanction / PEP lists thanks to an advanced name matching algorithm based on artificial intelligence.
Benefits:
- Automate image data extraction process - a safer, faster and more efficient process thanks to the combination of text-from-image filtering with an advanced name matching algorithm
- Reduce the number of false positives - we implemented a sophisticated name-matching algorithm that efficiently compares given names, resulting in a significantly lower number of false positives.
- Evidence of files - automatic generation and storage of data in a special library
- Automation of the data extraction process - eliminating typos
- Reduction of operating costs
AI in Transaction Monitoring
Reduce or even eliminate from 25% to 75% of manual analysis of all alerts.
Our solution based on artificial intelligence algorithms allows you to identify, among all alerts generated by the transaction monitoring system, those that are not associated with the risk of money laundering and terrorist financing.
Why to work with us
It's simple: we love what we do!
A passion combined with technical expertise and battle-tested R&D framework has proven to be a formula for success.
- Competencies - With a team consisting of data scientists, back- and front-end developers, we have enough resources to build any type of solution.
- R&D framework - We have defined and tested a clear path of coming up with ideas and bringing them to life within reasonable timeframes.
- Professional SDE - Cloud services, databases, task trackers and code repositories make the process smoother and more manageable.
- Well-thought-out strategic direction - We combine a data-driven approach with prototyping to make sure our tools are always of the top quality.
- Keeping up to date - Regular market research together with connections to academia ensure that we never look at our competitors' backs.
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