REDUCED TIME TAKEN FOR ENHANCED DUE DILIGENCE PROCESS THROUGH DEEPINSIGHTS™

 

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THE CLIENT

 

Global provider of financial market data and infrastructure, driving innovation and performance. The client serves more than 40,000 institutions in approximately 190 countries.

 

BUSINESS CHALLENGES

  • Manual Enhanced Due Diligence is tedious, time consuming and error prone
  • High reliance on tacit knowledge of analysts (even though a systematic process is followed)
  • Process trails and explanations for risk scores not available without consulting analysts

 

SOLUTION

 

Mphasis helped the client create a ML pipeline on AWS Cloud leveraging AWS services such as AWS Translate APIs, AWS S3, Amazon Comprehend and Amazon API Gateway. The solution -

  • Conducts an iterative search of contextual relevant information (not just general info but also negative information)
  • Provides an option to the analysts to refine the search by choosing identifiers found along the way, for instance conducting disambiguation of entity, deduplication, picking aliases and associated entities
  • Performs automatic analysis of news articles to identify the risk associated with the given entity and categorized articles across defined risk categories
  • Summarizes the articles, which is useful for report generation purposes

 

BENEFITS

  • Reduced time taken for EDD process from 15 day to less than 3 days
  • Exponential reduction in turn-around time from data to insights
  • Significant reduction in repetitive and tedious work for the analysts