Nasdaq Automated Investigator

for anti-money laundering (AML)

This Solution Helps

  • Banks
explore

Anti-Money Laundering Investigations Management, Re-imagined.

Traditionally, the processing and investigation of anti-money laundering (AML) alerts at banks has proven to be a difficult and costly problem. Large investments are often made on teams of human analysts, who are tasked with managing and investigating alerts and making high risk decisions.

The wide scope of surveillance means that AML Transaction Monitoring (AMLTM) systems could potentially trigger as many as 200,000 to 300,000 alerts a month in extreme cases – requiring extensive resources to investigate and manage. Furthermore, differing review techniques across large teams of human analysts can lead to consistency issues and decision errors. 

At a time when all industries are under pressure to reduce expenditure, the Nasdaq Automated Investigator for AML can help firms increase operational efficiencies in AML investigations by over 40% while dramatically improving quality assurance and saving costs.

How does the Automated Investigator work?

Breaking down investigative barriers with intelligent automation.

Quality at Scale

100% of your alerts investigated in depth regardless of volume

Improved Investigation Quality

Always consistent and fully explained expert decisions

Increased Operational Efficiencies

~50% Fully Automated Investigations
~50% Highly Augmented

Automate your AML Investigations

The Nasdaq Automated Investigator for AML generates evidence, takes risk decisions and then explains these decisions to the combined performance level of the best human experts. The industry leading assurance process ensures ongoing decision integrity.

  • Investigator Agents

    Specialised Investigator Agents (IA’s) ingest customer financial data.

    Each IA is validated by experts to generate different types of financial risk evidence.

  • Risk Decision

    The Nasdaq Automated Investigator for AML has a Decision Module that assesses IA evidence and generates risk decision and rationale in seconds.

    Generates human readable explanations and renders information directly in client Case Management System – no black box.

  • Risk Governance

    Automated mechanisms and tools ensure ongoing decision assurance, regulatory compliance and continual performance improvement.

Consistency, efficiency and quality at all levels of the organization

Chief Compliance Officer

Automate the review process for a consistent review of 100% of alerts generated from TM systems to reduce manual investigation errors, improve risk mitigation, lower overall operational risk and decrease regulatory exposure.

Transaction Monitoring Teams

Ensure a comprehensive, consistent review of all alerts generated while enabling your best analysts to re-focus on the highest priority investigations.

Compliance Operations

Improve productivity of your team with higher quality risk decisions at speed and scale while drastically reducing operational costs.

Money Laundering Risk Officer (MLRO)

Enhance the integrity of AML risk management with explainable, automated decisioning that reduces errors in manual investigations processes.

Chief Financial Officer

Deliver significant cost efficiencies without compromising on mitigation decision integrity or quality.

Executive Management

Reduce regulatory and reputational risk by closing gaps in the investigative process and providing a fully explainable review of alerts generated and closed for regulatory authorities.

In the 90 seconds it takes you to view our infographic
$20M
will be laundered, and most of it unreported.
It was launched in 1996, and was the <a href='http://www.wired.com/2009/06/e-gold/' target='_blank'>first digitial currency to get widepsread usage</a>. It let people open accounts based on the value of gold, but was ultimately shut down by the U.S. Federal government after its founder pleaded guilty to money laundering-related crimes, and running an unlicensed money transmitting service. .
Go Inside an AML Investigation with Nasdaq Automated Investigator
Banks spend $35B+ per year in the fight to keep up with the many techniques used by perpetrators. Intelligent agents with advanced machine learning can strengthen and shorten the investigation process delivering consistency and quality at-scale. Learn how the Automated Investigator attacks investigations with zeal in our infographic in 90 seconds or less!
Access the Interactive Infographic now
In the 90 seconds it takes you to view our infographic
$20M
will be laundered, and most of it unreported.
Demo the Automated Investigator today.
Up to
40%
improvement in efficiencies
AML Auto Demo
Powerful Risk Decisions
Generate human readable explanations and render information directly within a firm's Case Management System.
Request a Demo
Up to
40%
improvement in efficiencies

EU Cracks Down on Money Laundering

A New Ambitious Anti-Money Laundering Package Proposed by the European Commission

Nasdaq Head of AML Automated Investigations Darren Inness & Nasdaq Head of European Government Affairs Ludovic Aigrot discuss a new ambitious anti-money laundering package proposed by the European Commission.

Sep 03, 2021

Resource Center

Today banks have AML investigation teams running into the 100’s if not 1000’s. These resources are expensive and currently in short supply. As with any human capital resource intensive group, these departments are error-prone and the investigation process lacks consistency from one person to the next, creating inconsistencies in reporting.

The high cost of keeping large teams, abundance of errors and inconsistencies lead to regulatory exposure.
The solution automates much of the current investigations process and in the majority of cases will produce a decision and a standardized report with supporting evidence, thereby reducing errors and improving operational efficiency.
Because reports are generated through a machine, they have been proven to contain fewer decision errors and have less quality assurance issues, mitigating regulatory exposure and improving operational efficiency even further.
The Automated Investigations Management space is a historically underserviced area of financial crime operations that presents a significant gap in the investigations management process for banks. Many techniques are used to launder money, causing banks to cast a wide net to catch perpetrators. The wide scope of surveillance means AML Transaction Monitoring (AMLTM) systems could potentially trigger as many as 200,000 to 300,000 alerts a month in extreme cases. In response, many banks have tightened the parameters within their AMLTM systems or added additional scoring mechanisms, thereby reducing alerts. However, when banks tune their models too tightly, they run the risk of missing criminal activity and exposing themselves to regulatory sanction. Even those that have tightened their parameters can experience 20,000 to 25,000 alerts in a month. Without capabilities like ours to intelligently manage through the backlog of alerts, with full audit trail capabilities and explainability behind machine learning models, 99% percent of laundered money could continue to illegally flow through the financial system for years ahead.
  • Nasdaq Automated Investigator for AML Factsheet

    product content

    Nasdaq Automated Investigator for AML Factsheet

    Data is currently not available
  • Buyer's Guide: Selecting an Automated Solution for AML Investigations

    product content

    Buyer's Guide: Selecting an Automated Solution for AML Investigations

    Data is currently not available
  • Transforming Financial Crime Investigations

    thought leadership

    Transforming Financial Crime Investigations

    Data is currently not available
  • 5th Annual Global Compliance Survey: AML Impact Note

    thought leadership

    5th Annual Global Compliance Survey: AML Impact Note

    Data is currently not available
  • How Expert AML Investigators Make Risk Decisions

    thought leadership

    How Expert AML Investigators Make Risk Decisions

    Data is currently not available
  • Leveraging Advanced AI to Automate Your AML Investigations

    thought leadership

    Leveraging Advanced AI to Automate Your AML Investigations

    Data is currently not available
  • AML Monitoring in a Covid World

    thought leadership

    AML Monitoring in a Covid World

    Data is currently not available
  • Case Study: Defining Decision Graphs to Improve Quality & Consistency in AML Investigations

    thought leadership

    Case Study: Defining Decision Graphs to Improve Quality & Consistency in AML Investigations

    Data is currently not available

Get in touch!

Envision a Future – Fueled by Innovation, Technology and Expertise.
Now, let’s get there. Select below.