AML (Anti Money Laundering) Compliance Reporting Platform

Leveraging Big Data Analysis for AML Compliance.

Highlights

Generis SaaS solution for the Know Your Customer and Compliance areas of AML.
Fortech had full ownership of the software development, getting from the client at the project’s onset the high-level objectives.
Fortech also ensured the remote management of a subcontractor team.

Team Size:12+ People

Duration: 1,5 Years

Technologies: Elasticsearch, Spring Batch, Kibana, OCR Processing, Custom Scraping, Custom Data Analyzers & Aggregators, HTML5, AngularJS, Titan, Kafka

Services: Software Development

Trends: Big Data

Solution

This a generic SaaS solution for the Know Your Customer (KYC) and Compliance areas of AML. It enables financial institutions to find hidden financial dependencies between individuals and companies across the world.

The solution leverages Big Data analytics, thus lowering AML compliance costs and enabling a high level of due diligence for its users.

The project was developed in an Agile Scrum environment, following a times and materials collaboration model.

Collaboration

When approaching Fortech, our client was looking for a reliable partner to build a time-critical, innovative solution, with a very short time to market. Based on a successful collaboration on a previous project, we quickly set-up and started building this solution with a nearshore team that had prior experience with the same customer.

At project onset, the client only set the high-level objectives and we took full ownership of the software development process. Throughout the project, we adopted a client success mindset, enabling and encouraging unrestrained communication and the client’s direct involvement and feedback.

Thus, the development process was highly collaborative and productive. As a result of our team’s proven work quality, dedication and mutual trust, our client entrusted Fortech with managing remotely a subcontractor team that was selected for easy access to other parts of the world.

Client Benefits

QUALITY
High-quality deliverables.

SECURITY
Strictly enforced IT protection policy by the nearshore provider.

PARTNERSHIP
Full software development ownership by the nearshore provider.

Similar Projects

Data Crunch Application

A suite of web and mobile applications for a commodities risk-specific Business Intelligence platform. The solution analyses, manipulates and modifies trading information for different products. It has a deep algorithm powered by Artificial Intelligence.

Cash Management Analytics Tool

A complex e-banking web application that offers real-time visibility over the entire banking estate of a user. It allows users to transfer on-demand large sums of cash and the organization of cache moves for optimal returns.

Strategy & Security Modules for Financial App

This is an integrated solution for retail banking institutions. It covers their standard and specialized processes. The team at Fortech rewrote an important decision support module that assists decision-makers in loan management.

We Do