Case Study - Automating LIBOR transition reporting

This case study gives an overview of the approach and outcomes when NextWave automated the manual LIBOR transition reporting process for a major US bank using Alteryx

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Case Study – Digital transformation for a fast-growing fintech

Using Appian to assist in the rapid delivery of a series of low-code solutions and provided expertise from both our Dutch and UK offices.

The Alteryx Resource Hub

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Perspectives – AI In financial services

Insight into AI techniques and use cases.

Improving Transaction Monitoring Controls for identifying money laundering and suspicious activity

In the high-risk sector of correspondent banking, traditional transaction monitoring capabilities are limited in utility by legacy technology and therefore have limited ability to verify the identity and nature of payments to pseudo-customers resulting in large volumes of poor-quality transaction monitoring alerts. This in turn limits the bank's ability to meet regulator anti-money laundering expectations.

Credit Risk Analysis on Small & Medium Enterprises

The client had identified a need to improve its identification/classification of SME to improve its lending credit risk process and to further improve risk scoring in the underwriting process.

Finding prospective customers

The client wanted to improve its ability to leverage the scale and relationships of the wholesale bank to drive significant revenue growth across the group.

Detecting suspicious activity in the Markets space

The client wanted to replace their existing transaction monitoring system, taking advantage of network analysis and third-party data (D&B) to improve the quality of their alerts, i.e. improving risk coverage and reducing volume of false positives.

Quantexa "fast track" capabilities

A one page overview of how we support clients to build their own Quantexa platform with skills and delivery capabilities.

Quantexa Case Manager

The solution to transaction monitoring and fraud.

Corresponding banking: Improving Transaction Monitoring Controls (TMC)

NextWave worked with Quantexa to enhance a major UK bank’s Correspondent Banking Transaction Monitoring Control Assessment (TMCAs) framework to improve risk topology coverage and process performance.

Trade anti-money laundering detection for a major Japanese investment bank

NextWave was mobilised by a major Japanese investment bank to identify potential markets’ fraudulent cases in a proof-of-concept project.