REDUCED TIME TAKEN FOR ENHANCED DUE DILIGENCE PROCESS THROUGH DEEPINSIGHTS™

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THE CLIENT

Global provider of financial market data and infrastructure, driving innovation and performance. The client serves more than 40,000 institutions in approximately 190 countries.

BUSINESS CHALLENGES

Manual Enhanced Due Diligence is tedious, time consuming and error prone
High reliance on tacit knowledge of analysts (even though a systematic process is followed)
Process trails and explanations for risk scores not available without consulting analysts

SOLUTION

Raym Tech helped the client create a ML pipeline on AWS Cloud leveraging AWS services such as AWS Translate APIs, AWS S3, Amazon Comprehend and Amazon API Gateway. The solution -

Conducts an iterative search of contextual relevant information (not just general info but also negative information)
Provides an option to the analysts to refine the search by choosing identifiers found along the way, for instance conducting disambiguation of entity, deduplication, picking aliases and associated entities
Performs automatic analysis of news articles to identify the risk associated with the given entity and categorized articles across defined risk categories
Summarizes the articles, which is useful for report generation purposes

BENEFITS

Reduced time taken for EDD process from 15 day to less than 3 days
Exponential reduction in turn-around time from data to insights
Significant reduction in repetitive and tedious work for the analysts