Anti Money Laundering Compliance Solutions. Copyright 2016 Allsec Technologies. All rights reserved.

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Martha Porter
6 years ago
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3 Allsec Overview

200+ long-lasting customer relationships Global presence in 6 cities across India, US,

committed to providing best-in-class process solutions.

customer experience and maximizing clients Return on Investment 3,500+ employees across

4 200+ long-lasting customer relationships Global presence in 6 cities across India, US, and the Philippines 6 Building Lasting Relationships Allsec is a global service provider committed to providing best-in-class process solutions. Our dynamic partnerships stand testimony to our track record of providing outstanding customer experience and maximizing clients Return on Investment 3,500+ employees across the globe 3, % stake by the Carlyle Group with public listing on the NSE 30% 2016 Allsec Technologies. All rights reserved. 4

5 Representative Customers BFSI MORTGAGE TELECOM *Financial arm of Fortune 50 PC Manufacturer A top global correspondent bank TECHNOLOGY *Fortune 50 PC Manufacturer SERVICES HR & PAYROLL 2016 Allsec Technologies. All rights reserved.

6 The Allsec Way of Life Our DNA Strategic Vision Collaborative Approach Exceeding Expectations + Differentiators + Enablers = Quality Focused Dynamic Thought Leadership Flexible & Transparent Automation driven IT Reengineering & process improvements Intelligent analytics ENHANCED BUSINESS VALUE 2016 Allsec Technologies. All rights reserved. 6

7 AML as-a-service

Allsec s AML as a - Service Offering Does the Following We ve Reviewed over 80,000 cases in the Past 18 Months 80,000 cases Alert Review Transaction Monitoring Customer

8 Allsec s AML as a - Service Offering Does the Following We ve Reviewed over 80,000 cases in the Past 18 Months 80,000 cases Alert Review Transaction Monitoring Customer Due Diligence Sanctions screening Look-Back Reviews PEP Screening Case Investigations Suspicious activity reports (SAR) 2016 Allsec Technologies. All rights reserved. 8

Accelerate customer onboarding Mitigate risk AML-as-a-Service Deep Domain Knowledge Allsec's Anti-Money Laundering (AML) experts provide a broad range of professional and consulting services that are

9 Accelerate customer onboarding Mitigate risk AML-as-a-Service Deep Domain Knowledge Allsec's Anti-Money Laundering (AML) experts provide a broad range of professional and consulting services that are designed to apply effective AML solutions to a wide array of organizational structures and conditions, business lines, geographic markets, regulatory situations and implementation timetables Strengthen compliance Operational, Investigative & Remedial Services Reduce operating cost Risk Advisory & Consulting Focus on more strategic objectives Trade Finance AML Monitoring & Reporting AML Technologies 2016 Allsec Technologies. All rights reserved.

10 Core Strength Fast turnaround times on alert reviews irrespective of volumes Low risk and high quality Staff average of >15 years AML experience Multilingual our team members speak 20 different languages 30-40% cost advantage over traditional alternatives Improved compliance - ACAMS & CFE certifications Efficient backlog clearing Allsec Expertise Attorneys Military Intelligence Former Law Enforcement Former Federal Agents ALLSEC s Anti-Money Laundering solutions support every facet of the customer lifecycle and focus on improving efficiency, reducing cost, reducing risks and maximizing customer satisfaction. Services can be provided at your location, at our site in Irving, TX. or via our offshore locations in India & Manila. Utilizing off-shore components can reduce cost by 30% to 40% and make a positive difference in your bottom line. Multi-lingual Culturally Diverse 2016 Allsec Technologies. All rights reserved. 10

Automated Enabler in AML Investigations AML Investigations requires human analysis to asses Possible money laundering risks.

Data Analysis ROI Organization Data Organization & Risk Analysis Case Decisioning Mitigation/Escalation Mitigation & dispositioning Enhance

learning and Artificial intelligence automates the data complication and ROI organization thereby reducing the case investigations review time

11 Automated Enabler in AML Investigations AML Investigations requires human analysis to asses Possible money laundering risks. Based on our experience, we have identified certain areas of AML investigations that can be automated, which in turn delivers efficiency, accuracy and reduced cost. Reduce Cost Eliminate Capital Outlay Improve Quality Open source Third party lists World Compliance Factiva OFAC Data Mining Data Compilation Data Analysis ROI Organization Data Organization & Risk Analysis Case Decisioning Mitigation/Escalation Mitigation & dispositioning Enhance Cycle Times Scale - Low to High Volumes Our blend of people, process and Allsec s Innovative AML Servicing platform which using machine learning and Artificial intelligence automates the data complication and ROI organization thereby reducing the case investigations review time by as much as 60%. By using our Service platform and smart processes, which delivers faster turn around times, at substantially less cost than in-house options, with greater quality, scalability which lead to an effective and efficient AML Operation Allsec Technologies. All rights reserved.

Allsec s Machine Learning and Artificial Intelligence in AML Automation Allsec s machine learning in the AML process allows its investigators to accurately fetch the right kind of support data

Machine learning also provides a feature called Natural Language Processing where the investigator can ask questions about the case and obtain a response with scoring on the search results.

12 Allsec s Machine Learning and Artificial Intelligence in AML Automation Allsec s machine learning in the AML process allows its investigators to accurately fetch the right kind of support data and can then deduce the case results. Machine learning also provides a feature called Natural Language Processing where the investigator can ask questions about the case and obtain a response with scoring on the search results. This enables : Single investigator can work on multiple cases at the same time Increase accuracy on the cases over time QC would take less time in verifying the cases Automated Indexing and ranking on the case would provide a better visibility to the investigator on the kind of case they are working Allsec Technologies. All rights reserved.

13 Automated AML Investigation Workflow Allsec developed an Automated-application for expediting its process as a next initiative which benefited with 35% reduction in AHT and increased productivity of up to 54% AML Case Management System Public Records Search (e.g: Google) High Level AML Investigation Workflow Public Records Search (e.g: Accuity) AML Login Screen 2016 Allsec Technologies. All rights reserved. ROI : Investigation Report Search for Compliance (e.g: LexisNexis)

14 Reduce cost Align costs to business scale Promote efficiency AML- as- a- Service Variable Price Services Model Allsec's AML as Service solution brings performance and accountability into the game, by delivering an outcomes-based variable price service offering. We take out the bloat from the FTE engagement model - where the per-seat delivery is widely prevalent - by leveraging technology and domain knowledge. We deliver more outcomes quicker, at substantially less cost with greater quality and with scalability in volume. Our approach enables consistent performance across the entire AML operation which in turn promotes a more effective and efficient enterprise Categories of service priced by unit versus per seat or FTE Avoid capital outlay Tiering that supports volume changes caused by ever evolving business conditions Shift operating risk Minimal start up-upfront fees diminish capital outlay Minimize risk by shifting operations to scale provider with deep domain knowledge 2016 Allsec Technologies. All rights reserved.

15 Case Study Global Bank

16 Background The Client has been in operation for over 150 years in some of the world s most dynamic markets in Asia, Africa and the middle east. The Client is listed on the London and Hong Kong stock exchanges and ranks among the top 20 companies in the FTSE-100 by market capitalization Their product streams Corporate Finance, Financial Markets, Transaction Banking, Wealth Products, Retail Products, RMB Services, Islamic Banking The Clients service segments include Corporate and Institutional, Commercial and Private Banking, Retail Clients including Business Clients The Client covers the following 8 key regions across the globe 2016 Allsec Technologies. All rights reserved. 16

review the backlog cases within a stipulated time period and report

17 Challenge The client needed a solution to address their back-logged cases With increased scrutiny from regulators, the bank needed to review the backlog cases within a stipulated time period and report any suspicious activity 2016 Allsec Technologies. All rights reserved. 17

The Solution In 18 months over 300K alerts and 80K cases were reviewed with 2K SARs Drafted Alerts were expanded for various scenarios for in-depth analysis Expanded review occurred

designated relationship managers Over 90% of cases escalated by offshore team was reviewed by our experienced Analyst and the risks were mitigated.

18 The Solution In 18 months over 300K alerts and 80K cases were reviewed with 2K SARs Drafted Alerts were expanded for various scenarios for in-depth analysis Expanded review occurred for a set-case load of clients domiciled in high risk jurisdictions Additional attention was paid to sanctioned entities and activities Pending cases were quickly assumed by designated relationship managers Over 90% of cases escalated by offshore team was reviewed by our experienced Analyst and the risks were mitigated. Staffing the Allsec team was very agile and speedy enabling quick results Performing investigation services in Texas resulted in significant cost savings to the customer (30-40%) 2016 Allsec Technologies. All rights reserved. 18

Madison Consulting Group. An Introduction to AML Compliance Consulting Services

Madison Consulting Group. An Introduction to AML Compliance Consulting Services An Introduction to AML Compliance Consulting Services May 2009 Table of Contents Firm Overview AML Compliance Practice Contact Information 3 4 5 14 15 2 Who We Are Experience Financial Services Specialists