Anti-Money Laundering (AML), KYC & DFS 504
More and more laws and regulations are being implemented to ensure that organisations are not used as a vehicle for illegal or restricted activities. In the financial services sector, examples include the requirement to investigate anti-money laundering, Know Your Customer (KYC), fraud, and sanctions. Example regulations include FINRA Anti-Money Laundering, UK Money Laundering Regulations 2007 and the New York State Department of Financial Services part 504 (DFS 504),
Part of the process of being compliant with regulations around AML requires an organisation to have a clear understanding of how data flows through their business and being able to detect anomalies and unusual processes. This entails end-to-end pre- and post-implementation testing, validation, data mapping, model efficiency, data input/output metrics and details of the system’s design.
All the assumptions must be fully documented and such documentation regularly updated. As anti-money laundering data is typically extracted from multiple sources, often in multiple formats, Solidatus is the ideal tool to bring together all the siloed lineage information into one central place. Solidatus rapidly imports captured lineage from ETL & Governance applications, it can ingest scanned metadata models and excel documents, all information can also be entered manually and enriched with further metadata. Dynamic display rules can be added to show toxic combinations, the models and a complete audit trail can be shared with the senior management and the regulator. Additionally, the models can be forked to allow a ‘what if analysis’ to illustrate how changes to the data structure(s) might affect the organisation as it flows across sets of co-operating services or systems.
MULTI award-winning data lineaGE SOLUTION
Simple to use
The intuitive and simple web interface is easy to use and requires little or no training.
Solidatus is a browser based application and it can be up and running in the cloud in minutes.
Rapidly build lineage
Import and export data between Solidatus and from other systems using the data connectors.
Identify MISSING DATA
Immediately start modelling and easily identify where additional discovery is required.
Accelerate discovery by sharing parts of the models to identified system experts to fill in the detail.
Create & share views
Easily share with management and colleagues for immediate feedback and approval.