Big FinTech For Smaller Banks

Optimize AML Measure Performance Manage Risk

Agile Compliance

Agile Risk Analytics

Secure Cloud

AI / ML

Situation

Small banks have it hard: Rising operational costs, tighter earnings levels, the inability to benefit from economies of scale. These organizations spend five to ten times as much as big banks (as a percentage of assets) on Anti-Money Laundering requirements alone. Modernizing AML compliance can affect ROTE by 60-100 basis points. These technologies are available, but they remain out of reach.

Approach

Agile Compliance represents a new approach to AML: A blend of modern technologies (secure cloud, AI/ML, intelligent automation) and targeted processes to streamline processes, enhance efficiencies and ensure compliance. It’s closely aligned with regulatory guidelines that require financial institutions to identify risks in different areas, and is designed to perfectly manage the balance between innovation and safety & soundness.

Solution

Amberoon uses Agile Compliance to develop technologies that enhance AML, measure performance and manage operational risk. They’re built on a Regulatory System of Insight (RSOI) that uses each bank's systems of record, systems of automation and systems of engagement. Insights are delivered through forensic inquiry and predictive modeling. All offerings are provisioned in a hybrid cloud through a SaaS model.

Amberoon develops agile financial technologies to help smaller banks measure, monitor, manage and mitigate operational risk from financial crimes, create efficient systems for compliance, and measure performance against peer institutions. Amberoon solutions leverage advances in Artificial Intelligence, data engineering and security in two critical functions: Agile Compliance, to offer deep regulatory insights; and Agile Risk Analytics, to support key operational decisions. Amberoon's cloud-based systems are designed to co-exist with existing systems.

Every financial services institution has unique risks, all based on its particular products, services, customers, entities and geographies
The business process should drive the technology—not the other way around, as is often the case
The optimal combination of human intelligence and machine learning leads to better risk management

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Big FinTech For Smaller Banks

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