Customer Screening for a Financial Services Company

The client is one of the leading financial services companies in EMEA

To address the external audit recommendations and align with industry peers, client engaged Infosys as a partner to deliver the ‘End to End’ solution for the technology related changes.

Key Challenges

Facing challenges in the form of external audit recommendations for an end to end solution
Challenges in the form of alignment with industry peers who had already migrated to a new gen screening process
Technology related changes in terms of multiple and siloed solutions for screening in different business units

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The Solution

A future proof scalable solution for Customer Screening

End to End Managed services on Infosys managed Cloud including Cloud provisioning and management using AWS, License, and implementation of WLF and ActOne, Annual maintenance and support for 5 years.
Consolidation of 4 Screening systems to WLF.
Decommission existing On-Premise screening systems
Provide evergreening on Cloud infrastructure
Future proofing the architecture to take care of the resiliency, reliability needs.
Implementation of WLF Batch and Customer screening against Dow Jones watch list
Infosys IP digital accelerators for faster time to market of the entire solution
Automation of the entire Cloud provisioning
Infosys being the Single point of contact for cloud, license and implementation enabling stronger governance and managing interdependencies better.

Benefits

Real Time Screening capability extended to multiple systems

Reduction in False positive by ~30-40% via tuning of models resulting in reduction in Cost of Alert Investigation/Management

Consolidation of Screening systems, Screening as a Service with significant TCO reduction up to ~35 %

Removing the spend for End of Service Life upgrades, Maintenance, and license. Evergreening infrastructure

Scalable Infrastructure on Cloud which can Auto scale to meet Performance requirements

Futureproof Architecture – with the ability to integrate with other marketplace systems

Experience

Insight

Innovate

Accelerate

Assure

Application Development and Maintenance

Business Process Management

Consulting Services

Incubating Emerging Offerings

Future Proof Scalable Solution for Customer Screening for Large Financial Services company in EMEA

The Solution

Benefits