Take a look at one of our success stories, from the Finance sector

VONA supported its customer by offering project management support for implementing an anti-money laundering solution. The customer intended to replace its current AML system with a new solution, and the purpose of our assignment was to improve the customer’s organisation and processes in order to better meet the current challenges surrounding anti-money laundering.

Assignment background and objectives

The customer’s stated requirements regarding the new solution were:

  • Specify a solution to detect suspicious activity, based on new technologies and big data
  • Develop an in-house solution for dealing with money-laundering warnings

Working method proposed by VONA

  • Determine the overall scope of the project
  • Identify the source data to be analysed
  • Construct a datalake and business lake, to produce analysis scenarios
  • Set up a team of data scientists tasked with creating scenarios for detecting suspicious activity and measure its effectiveness
  • Review the workflow for dealing with laundering warnings and the associated roles through workshops
  • Define and implement an internal system incorporating BPM (Business Process Management) functionalities and a new user interface
  • Define and implement operational reports
  • Put data governance in place (data descriptions, GDPR, etc.)

Client benefits from the assignment

  • Compliance with current anti-money laundering regulations
  • Greater agility in implementing new directives and adapting to new patterns of behaviour
  • Substantial financial savings (30%) compared with a market solution
  • Productivity gains in teams dealing with AML warnings

Learn more about our expertise in
leveraging value from data

Vona generates value from your data assets

VONA offers you support and guidance in managing big data and transforming your data ecosystem to optimise the value leveraged from all your data assets.