A Leading Bank in Middle East

A Leading Bank in Middle East

The client is one of the largest Banks in the Middle East.
Key Requirement: To automate the high-volume AML case closures based on set business rules with increased efficiency and accuracy.

Executive Summary

Key Challenges

• Rising costs of AML compliance
• Plethora of regulations to comply with and steep fines for non-compliance
• Substantial reliance on manually intensive processes
• Time taken for closure

Solutions Provided

• Validating existing customer information
• Gathering and Compiling Customer information
• Customer screening and Servicing
• Regulatory monitoring and data collection
• Risk Assessments
• Rule-based Closures and handing over the appropriate cases to the Analysts

Key Benefits

• Enhanced Accuracy and Quality
• Improved speed of closures
• Increased staff productivity
• Refined audit trail with accurate information
• Increased time for strategic tasks