Locstat Systems @LocstatSystems

You need a shift in mindset, not just to adopt AI but to build a data-driven foundation. Follow the recipe in our next 5 posts to achieve this cost effectively – or contact [email protected]. #GraphIntelligence #AML #CFT #FraudPrevention #Compliance #RiskManagement #Innovation

A rules-based approach to AML is built on a rigid set of if-then statements, flagging transactions based on predefined thresholds or behaviours. Major limitations are: high false positives, limited adaptability & an inability to detect novel or evolving laundering techniques.

Heard the tale of the blind men & the elephant? One touches the tail & thinks it’s a rope, the other, the skin & claims it’s a crocodile, the trunk a snake & so on. The point is if you see your data in isolation, or from a fixed perspective, it doesn’t paint a true picture.

Shift the dial from a limited 2D perspective to a 4D, real-time picture to uncover hidden risks, reduce false positives & act faster with greater confidence. If you’re ready to see the full picture, contact [email protected] for a demo. #GraphIntelligence #Innovation

AML detection is moving beyond static rules to dynamic & context-aware AI based solutions, which include behavioural analytics. By building individual customer profiles, activities are monitored in real-time to detect deviations from the norm. #FraudPrevention #AML #CFT

The greatest rivalry of all time is about to take centre stage! When the stakes are high, clarity matters. Whether you’re on the field or navigating complex decisions, seeing the bigger picture can make all the difference. Don’t just watch the moment unfold. Understand it.

Start your empowerment journey today! Contact [email protected] for a demo. Locstat: Exceeding expectations #GraphIntelligence #Innovation #RiskManagement #OperationalResilience #AML #CFT #FraudPrevention #Compliance

Trend analysis of specific customers & transactions across different accounts identified a network of mule accounts operating under their radar. To shine a light on complex money movement, contact [email protected] today. Locstat: Exceeding expectations #RiskManagement

Its increased accuracy also reduces false alarms, which saves time for compliance teams. Delivered: Behavioural analytics is built in to our #GraphIntelligence platform. Behaviour monitoring tracks all customer transactions & updates user risk scores instantly as habits change.

Request: Our client needed behavioural analytics to assist with their CFT/AML strategy. Behavioural analytics creates a baseline profile for each customer & a/c. By measuring transaction speed, size & frequency against past data, it spots sudden shifts, hidden links & anomalies.

It's never been easier to create new, build clustered or enhance existing rules. The ability to operationalise clustered rules, graph algorithms & ML models on the fly is a game changer! Contact [email protected]. Locstat: Exceeding expectations #OperationalResilience

No hard coded rules, no advanced tech skills required for complex, next gen technologies, no expensive consultants &, more importantly, no delays in adapting to changing requirements. With our #GraphIntelligence platform, you can configure & deploy rules in real-time.#Innovation

Challenge: Static pre-configured rules, vendor reliance, expensive consultants & increasing fraud loss inhibited our client from deploying a responsive system against fraud, risk & regulatory compliance. Solution: We listened: a low/no code solution to enable self-sufficiency.

The result? They successfully increased their detection accuracy while reducing alerts & false positives. Take control of your ML operationalisation, contact [email protected]. Locstat: Exceeding expectations #RiskManagement #OperationalResilience #FraudPrevention #Compliance

Delivered: Our #GraphIntelligence platform enables quick, easy deployment of ML models, operationalising outputs into existing workflows. Combining ML models with graph algorithms & rules enabled rapid responses to new regulatory standards & emerging criminal typologies.

Request: The ability to operationalise ML models provides greater control, agility & regulatory defensibility than relying solely on vendor-managed detection logic. Our client could then rapidly respond to emerging threats while maintaining full ownership of their risk strategy.

To ensure secure, real-time and accurate financial reporting, contact [email protected] today. Locstat: Exceeding expectations #GraphIntelligence #Innovation #RiskManagement #OperationalResilience #AML #CFT #FraudPrevention #Compliance

Solution: Using our graph intelligence platform, data from all their systems was ingested to provide a holistic risk view. This was crucial in identifying, for example, sophisticated money laundering schemes where multi-layered networks hide and operate. With a complete auditable, relationship map highlighting complex patterns and anomalies, real-time fraud detection meant reduced losses and timeous reporting. Automation further reduced operational overheads and increased productivity. And, as regulations changed, they were able to adapt and update rules or models without having to wait for us to do it.

Automated and auditable Challenge: Keeping up with regulatory requirements was unnecessarily demanding for our client. Fragmented data made it difficult to collect information and hid the full picture of customer transactions and risk. The use of spreadsheets and outdated manual processes resulted in too many human errors and delayed reporting. While frequent regulation changes caused further compliance breaches. Additionally, auditing was overly time consuming and strained resources. All of which resulted in high costs with too much time and money spent on compliance.

Let it flow Challenge: With multiple alerts, our client’s resources were being stretched: Each alert needed to be assigned, escalated where necessary, actioned and then closed. The manual burden was draining. Solution: With an automated workflow and alerts for recommended next best action, our client was able to free up vital resources and dramatically increase their efficiency. They reduced errors, saved on costs and achieved quicker ROI. To allocate your resources more effectively, contact [email protected] for a demo. Locstat: Exceeding expectations #GraphIntelligence #Innovation #RiskManagement #OperationalResilience #AML #CFT #FraudPrevention #Compliance