ThetaRay, a leading provider of artificial intelligence-based big data analytics, has signed an agreement under which Banco Santander will use ThetaRay's anti-money laundering (AML) solution for correspondent banking operations. The system will analyze SWIFT traffic, risk indicators, and Know Your Customer (KYC) data to identify anomalies that indicate money laundering schemes in the relevant banking operations. The deployment of the solution began in the fourth quarter of 2019 and will be implemented globally over the next months.
The DATAS Technology project team successfully completed and put into operation the first phase of the project within a short time to create a single Portal platform for centralized provision of banking services electronically through the mechanism of personal offices in the Oschad Bank JSC.
The project team of DATAS Technology experts, given many years of experience, completed the project and put it into industrial operation in a very short time.
The developed system is built on microservice architecture and implements the following functionality:
• Exchange of information registers from the Ministry of Social Policy and creation of databases of subsidy beneficiaries and service providers
• Accrual of subsidies / benefits to recipients
• Registry processing from service providers according to established priorities
The project team has set up a number of processes in the system according to customer requirements, which allows at the moment to quickly, conveniently and in a single system to conduct all the financial activities of the company.
The 12A SOA SUITE migration project was implemented by a team of Datas Technology experts.
The project was completed in a timely manner, taking into account the Bank's strategic plans.
The project also reengineered and optimized the processes already implemented, and developed new functionality.