trends in aml compliance
TRANSCRIPT
© 2016, Amazon Web Services, Inc. or its Affiliates. All rights reserved.
Joram Borenstein (CISSP, CISA)VP Marketing at NICE Actimize
April 14, 2016
Trends in AML ComplianceThe Need for Agility
© 2016, Amazon Web Services, Inc. or its Affiliates. All rights reserved.
Dynamics of Change: The
Evolving AML Landscape
© 2016, Amazon Web Services, Inc. or its Affiliates. All rights reserved.
Size Does NOT Matter
Heightened regulatory pressure for banks exceeding $1B in assets
Cost of regulatory compliance is 2 ½ x greater as share of expenses than larger banks
Community bank consolidation increasing the number of banks > $1B assets
$27B Assets
$500K Fine
$12B Assets
$500K Fine
$2B Assets
$1M Fine
$350M Assets
$8.2M Fine
© 2016, Amazon Web Services, Inc. or its Affiliates. All rights reserved.
Regulatory Changes
New AML Typologies
Need for Agile Operations & Policies
© 2016, Amazon Web Services, Inc. or its Affiliates. All rights reserved.
Your AML tools need to be …
… easy to use
… quick to adapt
… proven for compliance
© 2016, Amazon Web Services, Inc. or its Affiliates. All rights reserved.
ACTIMIZE CLOUD ESSENTIALS STORY
© 2016, Amazon Web Services, Inc. or its Affiliates. All rights reserved.
Grow Actimize’s financial
crime cloud offerings to
address new markets
Bring Actimize’s
traditional products to a
low cost SaaS model
© 2016, Amazon Web Services, Inc. or its Affiliates. All rights reserved.
The AML Process
Management Reporting & Audit
Multi-phased Analytics
Consolidated Alerts
Resolution Inte
ractive
Lea
rnin
g
Data Integration
© 2016, Amazon Web Services, Inc. or its Affiliates. All rights reserved.
Real Difference with Superior, Proven Analytics
Scenario-Based Detection
Dynamic Anomaly Detection
User-Defined Scenarios
Robust &
Complete
Solution
© 2016, Amazon Web Services, Inc. or its Affiliates. All rights reserved.
Why Build on AWS?
Accelerated GTM Speed• Fast provisioning
• Global deployment
Fast Infrastructure• Security protocols
• Optimized data management capabilities
• Identity and user management tools
• Monitoring
© 2016, Amazon Web Services, Inc. or its Affiliates. All rights reserved.
Agility in the Cloud: Benefits
Faster
Lower costOnboarding
Operational Efficiency
Security & Stability
Scale
Faster
Lower cost
Highly Availability
Disaster Recovery
GTM speed
Cost savings
Monitoring
Secure infrastructure HA & DR
Grow with needs
Data residency
GTM speed
Data residency
Faster product adaption
Clients Actimize
© 2016, Amazon Web Services, Inc. or its Affiliates. All rights reserved.
Remember!
Your AML tools need to be …
… easy to use
… quick to adapt
… proven for compliance
© 2016, Amazon Web Services, Inc. or its Affiliates. All rights reserved.
NICE Actimize’s Financial Crime & Compliance PortfolioMarket Leader | 300+ Global Clients | 800+ employees | 5 Labs
• Transaction
Monitoring
• Customer Due
Diligence
• Sanctions &
Watch List
• FATCA
• Currency
Reporting
• Remote Banking
Fraud
• Commercial
Banking Fraud
• Private Banking
Fraud
• Deposit Fraud
• Employee Fraud
• Card Fraud
• Contact Center
Fraud Prevention
• Trade
Surveillance
• Communications
Surveillance
• Holistic
Surveillance
• Sales Practices &
Suitability
• Enterprise
Conflicts
Management
© 2016, Amazon Web Services, Inc. or its Affiliates. All rights reserved.
About NICE Actimize: Awards
Recognized in Enterprise
Fraud Management Market
Impact Report (2014)
Leading Vendor in Trade
Surveillance and Monitoring
Impact Report (2015)
“Category Leader,” Financial Crime Management Systems for Enterprise
Fraud, Anti-Money Laundering and Transaction Monitoring, KYC and Client
Onboarding, and Watchlist
Monitoring (2014)
Best AML/Anti-Fraud Solution (2015)
Best Cutting-Edge Solution (2015)
FTF Gold Standard: NICE Actimize
Foreign Exchange Trade Surveillance
Named Best AML Compliance Solution Provider
Two Years in a Row (2014, 2015)
Cited for Holistic Surveillance,
Unmatched Voice Analytics in
GRC “Data Tsunami” Analyst
Report (2015)
“Top 20” Most Promising Enterprise
Risk Management Solution Provider
(2015)
Positioned as leader in the
North American Large
Financial Institution (FI)
Market, Case Management
Report (2015)
Leading market surveillance compliance vendor in “Market Surveillance
Systems for the Sell Side and the Buy Side Slated for Growth” report
(2015)
“Top 20” Most Promising
Compliance Solution Provider
(2015)
Most Innovative Use of Technology
NICE Actimize (2015)
Best Trading Technology
Client Service NICE Systems (2015)
© 2016, Amazon Web Services, Inc. or its Affiliates. All rights reserved.
“The regulatory bar continues to rise for
institutions of all sizes. FIs need solutions that
can help them effectively meet regulators’
demands, while at the same time effectively
managing their scarce IT and operational
resources. A robust hosted solution can help
on both fronts.”source: Julie Conroy, Research Director at Aite Group
© 2016, Amazon Web Services, Inc. or its Affiliates. All rights reserved.
Joram Borenstein (CISSP, CISA)
VP Marketing at NICE Actimize
@NICE_Actimize
Thank You!
Trends in AML Compliance