The client is a large bank providing financial packages to support personal, business, or corporate banking needs.
The client wanted to implement a solution that monitors and provides surveillance of electronic communications of its Treasury, Forex, and equity traders in the Institutional bank to meet its regulatory requirements.
Ready to experience?TALK TO EXPERTS
Infosys was the chosen partner to execute this platform with an end-to-end offering comprising Product licenses plus services covering all aspects including Program management, Solution deployment, Quality, Application Remediation, and system integration.
Improved overall efficiency of compliance analysts by up to 80% with a single consolidated global instance, faster time to go-live and efficient application validation process
Reduced cost of compliance by 60% with optimized infrastructure and Increased efficiencies.
The number of false positives in Alerts fell by 45% when compared with the legacy system thereby improving the efficiency of the alert detections process and investigations
With this application the client is now able to detect cases of underlying intent within the vast repositories of comms data
The program resulted in automation of various workflows that improved overall efficiency of the investigators and compliance managers
With this application in place, the bank can claim compliance to MiFID II, Dodd-Frank, and FX Global Code regulations around comms surveillance