Agile vs Waterfall: enterprise software development for financial services
Since modern humans first used cave drawings to depict game, and more than likely the process for capturing it, we have continued to document and work with processes. Within the 21st century the newest methodology on the block for software
Accelerated onboarding for global wealth management firm, with 25% cost saving
Challenge One of the main problems financial institutions face is the onboarding of high-risk wealth management customers, as it relies on the ability of a streamlined, automated solution to conduct enhanced due diligence for a large number of entities. A Tier 1
The dark art of money laundering
The art business is not only lucrative but also a target for unscrupulous individuals that seek to launder illegally-attained money. In 2018, the business had an estimated turnover of $67.4 billion making it one of the most thriving global
Automating continuous monitoring for a national bank’s EDD cases
Challenge One of the largest banks in the United States came to Arachnys as they were looking to alleviate the challenge of conducting research globally. As is the case with many financial institutions, conducting KYC on a client base is timely
Arachnys and FICO Partner to Aid Financial Organizations in Managing Corporate KYC Requirements and Accelerating Compliance Processes
Partnership integrates Arachnys' Enterprise Risk Platform with FICO® Siron™ KYC solutions to enhance customer lifecycle management. BENSHEIM, Germany, Sept. 18, 2019 / Arachnys -- FICO, a leading analytics software firm and provider of financial crime compliance solutions, today announced a partnership with
Providing frictionless AML for a global bank’s 3,000 analysts
Challenge Large banks find difficulty with duplicative effort, a negative which decreases the overall efficiency of AML processes. One of the largest global banks, operating in 70 countries, was looking to streamline their AML investigations as 40% of their processes were
How we helped a tier 1 investment bank avoid $100M of remediation costs
Challenge Global financial institutions must have up-to-date KYC files as a given, but when their worldwide remit covers many geographies, it is imperative that their processes meet country-specific regulations across the board. One of the world’s largest investment banks, headquartered in
Standardizing onboarding for a global Commercial Real Estate investment company
Challenge The EU Compliance Team for a global Commercial Real Estate Investment company were looking for a solution to enhance their KYC and Enhanced Due Diligence (EDD) efforts for effective tenant onboarding, including additional Adverse Media Monitoring for their search engine