Modernizing Infrastructure and Applications for Telecommunications Services Company
Business Problem/ Scope of Work
Largest private investment bank and its associates are devoted to adhering to all anti-money laundering (AML) regulations in the locations where its operations are conducted.
Being aware of the customers' and their business requirements is part of the Know Your Customer (KYC), Customer Identification, Due Diligence and Extended Due Diligence procedure to provide the customers with various product types. The KYCView application helps to identify, assess the customer entity type, and implement a suspicious activity program.
Compliance Systems' KYCView 2.0 is an upgraded version of its existing KYCView application. It is composed of configurable components that enable the adherence to all anti-money laundering regulations and laws in investment banking operations.
It obtains customer identification data along with details about the legal entity and ownership, as well as investment particulars of different entity types.It also has a defined workflow for different verification processes and offers regulatory reports for various jurisdictions.
Furthermore, KYCView's verifiable data is applied for customer verification and due diligence for different investment goods.
The front end workflow screens are based on the service output from IBM ODM business rule execution and through REST api services response which creates a json output and supplies a java (Spring Boot) middleware process for flow determination.
The middleware deals with the core logic of communication with the back end database, ODM flow and the front end (with json) via Orchestration, Data Aggregation and Persistence api with a service method based configurable framework using SpringBoot, SpringMVC, Hibernate and RESTful apis. The KYCView 2.0 of compliance systems also functions as the entry point.
Technologies/ Skills Used
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