Anti-Financial Crime alerting system

Challenge

• Client required a more effective and flexible Anti-Financial Crime system than their existing costly vendor solution.
• Previous system lacked internal control, preventing the deployment of custom AML rules and efficient stack management.
• Need for comprehensive coverage, including robust entity resolution and seamless automated compliance filings.

Solution

• Led end-to-end implementation on Palantir Foundry within three months, including on-site deployment.
• Integrated a comprehensive alerting system for suspicious transactions with advanced entity resolution features.
• Provided client team with full control over their stack, enabling customization of AML rules and automated FINCEN filings.

Impact

• Achieved a 3x cost reduction compared to the previous AFC vendor.
• Granted the internal team full control over their system, allowing for customized AML rule deployment.
• Enhanced visibility across financial crime risks and provided a fully functional solution from data integration to automated filings.