14 Jun 19
A visualization based on real stock market data from Nasdaq
Solutions
Financial Crime Analytics
Simulate millions of potential scenarios in a cost-effective, GDPR compliant virtual environment to significantly improve your financial crime detection systems.
Challenges
Winning the battle against financial crime
Regulators are increasingly expecting firms to monitor and report on the effectiveness of their financial crime systems. But combating money laundering is an enormous task and comes with substantial costs and risks.
01
Historical data is not enough
Current approaches to financial crime analytics are limited to historical data, which is not rich enough to develop better controls.
02
Evolving fraudulent behavior
The static nature of today’s controls means they often fail to detect the adaptive behavior of criminals.
03
Data privacy issues
It’s difficult to procure and get approval to use real transaction data due to privacy laws like GDPR.
04
High rate of false positives
Rules-based transaction monitoring systems result in a high number of (expensive) false positives.
Simulation for financial crime analytics
Our Solutions
Agent-based financial crime analytics
Agent-based simulation has proven to be indispensable to tackling several real-world challenges for preventing and detecting financial crime.
01
Generate synthetic data
Create synthetic data that contains no personal customer information and is completely compliant with privacy regulations.
02
Reduce false positives
Use labeled data to generate information about missing crime (false negatives) and calculate the real reduction of financial crime.
03
Self-evaluate your system
Use simulation to add increasingly complex scenarios of criminal behavior and suspicious activity, then evaluate your controls.
“
Simudyne is ground breaking technology that is currently being leveraged across Barclays and enables us to model multiple scenarios on huge data sets, so we can understand our risk, exposure and options. ”
Jes Staley
Chief Executive Officer at Barclays Bank
Chief Executive Officer at Barclays Bank