The implementation project of Big data services focused on fraud detection, anti-money laundering, and preventing the loss of customers

 

 

 

 

In the era of information technology, the importance of data and information is felt more than ever. Leading organizations today, building on their information resources and turning to business intelligence concepts, data warehousing, data mining, and Big Data, create the ability to create lasting competitive advantage. In the meantime, Big Data, as an influential technology, has made it possible to facilitate a variety of analytical and data mining processes, both online and offline.

Accordingly, Mellat Bank, as the leading bank in the Iranian modern banking industry, along with the globalization and maximum use of its data sourceshas been working for defining the huge data base project with the three main axes of fraud detection, anti money laundering and prevent the loss of customers.

The main benefits of implementing the Big Data service can be summarized as follows:

 

 

Identify available data items within the bank
Identify out-of-bank data items that can help with analyzing and modeling the behavior of bank customers.
Organizing customer information on a big data base
-Consolidation of required data from internal and external data sources
-Clearance and accreditation (validation) of aggregated data
Avoid losing customers
-Modeling the behavior of bank customers and their clustering based on the possibility of leaving the bank
-Designing appropriate actions for each case discovered and declared fraud
-The design of the necessary communication model to apply the results of data analysis in other related systems
Identify suspected behaviors for fraud detection and anti money laundering
-Modeling suspicious behaviors for possible fraud and money laundering in bank systems
-Designing appropriate actions for each case discovered and declared fraud
-Designing a communication model to apply the results of data analysis in other related systems