"Banks aren’t known to share data and collaborate with one another. But that is exactly what the Mid-Sized Bank Coalition of America (MBCA) is doing to fight digital financial crime—and protect national security. Using the AWS Cloud, the MBCA developed a shared data analytics utility that processes terabytes of non-competitive customer account, transaction, and government risk data. The intelligence produced from the data helps banks increase the efficiency of their operations, cut labor and operating costs, and reduce false positive volumes. The collective intelligence also allows greater enforcement of Anti-Money Laundering (AML) regulations by helping members detect internal risks—and identify the challenges to detecting these risks in the first place. This session demonstrates how the AWS Cloud supports the MBCA to deliver advanced data analytics, provide consistent operating models across financial institutions, reduce costs, and strengthen national security.
Session sponsored by Accenture"