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IBM Sales and Distribution
Solution Brief
Banking
Bank fraud, money
laundering and financialcrime prevention
Help prevent, detect and investigate bank fraud andfinancial
crimes
Highlights
Improves your view across businessunits to help reduce risk with
anti-
money laundering and fraud detection
Helps prevent and detect money laun-
dering and fraud through an integrated
crime platform
Helps reduce financial loss with
improved responsiveness through
automated crime prevention
Financial crimes threaten your organization at multiple points
of vul-
nerability. Focusing on a single channel or line of business can
hinder
management visibility and allow fraud and money laundering to
go
undetected. A single, holistic management framework that
integratesdisparate detection systems with alert and case
management can
automate crime prevention and help protect your organization
from
the financial and reputational loss associated with financial
crimes.
Leveraging detection systems for both fraud prevention and
detection
and anti-money laundering (AML) processes can reduce risk
while
helping improve analyst efficiency.
IBMs services to help you address financial crimes include
risk-
monitoring, prevention, detection and remediation
capabilities
for your operational environment. Our services can provide
an
enterprisewide view of suspicious activity by implementing an
inte-
grated financial crime monitoring platform. We help you
synthesizedata into actionable intelligence to enable more
strategic decision
making and help ease compliance management. You can leverage
IBMs demonstrated expertise in risk management, AML
initiatives
and fraud prevention and detection for a more holistic
approach
to addressing financial crimes.
Providing a consolidated, enterprisewide view
of business threatsFinancial crime prevention services from IBM
help you implement
a consolidated case management system to enhance your
visibility
with a comprehensive view of fraud and money laundering across
mostbusiness channels. One of the benefits of monitoring financial
crimes
across channels is that it can prevent criminals from exploiting
process
weaknesses between channels. We can enable a consolidated view
of
your operational environment so you can collect and synthesize
risk-
related data from different lines of business and make more
timely
business decisions. Improved intelligence through a more
holistic view
help you reduce fraud losses and improve operational
efficiency.
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Enabling an integrated crime platform to help
prevent illegal activitiesOur financial crime prevention
services can integrate multiple
crime-monitoring tools into a single platform to help you
proactively
prevent and detect financial crimes such as bank fraud and
money
laundering. We help you implement near-real-time monitoring
capa-
bilities, anti-financial crimes analytics, AML and fraud
investigations,
know your customer (KYC) with credit risk scoring controls
and
compliance-management solutions. By combining disparate
detection
models and alerting systems that typically do not interact with
one
another, you can identify and isolate the point of compromise
more
efficiently and preemptively deal with financial crimes across
all points
of vulnerability.
Automating crime prevention to help reduce
risk exposure and costsYou can reduce your reliance on
inconsistent and unstructured
manual methods with automated crime prevention capabilities.
We
help improve your responsiveness to emerging threats and
reduce
your risk exposure with capabilities like the IBM Customer
Behavior
Filter. You can reduce false-positive alerts and workloads as
well as
the significant financial loss associated with actual
threats.
Why IBM?IBM was positioned in the Leaders quadrant for Global
Business
Intelligence and Performance Management Service in February
2011
by Gartner, Inc.1Along with industry recognition, we have
extensive
experience helping financial service firms manage the issues
associated
with financial crimes. Our strategic relationships with
industry-leading
financial crime technology providers enable us to focus on
quality and
cost management. We can offer a deep understanding of many
vendor
technologies and provide you with a comprehensive solution
to
address your unique business needs.
For more informationTo learn more about our services for
financial crime prevention, please
contact your IBM marketing representative or visit the
following
website: ibm.com/banking/risk
Copyright IBM Corporation 2011
International Business Machines CorporationRoute 100 Somers, NY
10589U.S.A.
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1Magic Quadrant for Global Business Intelligenceand Performance
Management Service Providers,January 27, 2011, Alex Soejarto, Neil
Chandler.
The Magic Quadrant is copyrighted January 2011 byGartner, Inc.
and is reused with permission. The MagicQuadrant is a graphical
representation of a marketplace atand for a specific time period.
It depicts Gartners analysisof how certain vendors measure against
criteria for that
marketplace, as defined by Gartner. Gartner does notendorse any
vendor, product or service depicted in the MagicQuadrant, and does
not advise technology users to selectonly those vendors placed in
the "Leaders" quadrant. TheMagic Quadrant is intended solely as a
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Gartner disclaimsall warranties, express or implied, with respect
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orfitness for a particular purpose.
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