Amberoon

Data-driven business perspective
Uncovering unknown risks
The business face of big data

OCC Semiannual Risk Perspectives Spring 2019

The Office of the Comptroller of the Currency

"While overall trends have been positive, the BSA/AML-related deficiencies identified by the OCC stem from three primary causes:

* inadequate customer due diligence and enhanced due diligence,

* insufficient customer risk identification, and,

* ineffective processes related to suspicious activity monitoring and reporting, including the timeliness and accuracy of Suspicious Activity Report filings.

Talent acquisition and staff retention to manage BSA/AML compliance programs and associated operations present ongoing challenges, particularly at smaller regional and community banks."

Businesses that have unique insights on their market and stakeholders make better decisions than those who lack this perspective. Amberoon works on business perspective solutions that leverage analytics technologies. A key element of the Amberoon approach is to optimize a solution around business use cases and enterprise performance metrics that are most relevant to business results.

Business Perspective Solutions

Amberoon

About

Amberoon uncovers unkown risks using a data-driven approach to risk management.

Anti-money laundering achieved through contemporary technology.

A thought leadership forum for the business application of advanced analytics technologies.

Lucre

Risk-based Approach

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Cognitive Analytics

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Reduce Compliance Exposure

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Risk-based Approach

A risk-based approach to AML can improve monitoring and compliance while reducing costs. Lucre facilitates a risk-based approach by focusing a bank's efforts on a smaller set of transactions with highest probability of AML risk, so intervention can be done in a timely manner.

Cognitive Analytics

Technology developments in big data, machine learning and predictive analytics provide the basis for mitigating AML risk. These technologies can be used to identify patterns of bad behavior that are very hard to detect by a human being.

Reduce Compliance Exposure

Banks can use Lucre to reduce compliance exposure by improving existing banking processes and by creating new approaches to managing existing AML processes including setting up effective internal controls and alert systems.

Innovation in Risk Management and Security Compliance - 9AM PST 7/12/16

Prasanna Mulgaonkar - CEO of Cloud Raxak, a SaaS-based security offering for cloud-based that empowers IT and application development teams by automating security, and ensuring compliance across private and public clouds.

Robert M. Mark - CEO, Black Diamond Risk Management, a provider of corporate governance, risk management consulting, risk software tools and transaction services. He is former CRO of CIBC where with global responsibility for all credit, market, and operating risks.

Sanjay H. Mody - Former head of global operations Silicon Valley Bank. He is an experienced leader in banking operations and client services. Prior experience included executive positions at Bank of America and JP Morgan Chase.

Shirish Netke - CEO and President of Amberoon, a provider of data-driven risk management solutions for Anti-money Laundering for financial institutions. He has extensive leadership experience in high-growth technology companies including Sun Microsystems and Aztecsoft.