The cost of AML compliance at financial institutions is rising at an enormous rate year over year and even today little is done to alleviate the pain. With such rising AML cost, AML managers and AML investigators need to be more efficient. Designed from the ground up, Guardian Analytics AML Evidence Lake™ empowers AML investigators to improve investigation efficiencies and AML managers to save time overseeing the Smart Rules, KYC Forms, and SAR/CTR Filings.

KYC is Driving Up Customer Onboarding Costs

Industry analyst estimates an average cost of $6K per customer

Industry analysts estimate an average cost of $6K per customer

A monthly run-rate of 100 new account openings will cost ~$60K monthly

A monthly run-rate of 100 new account openings will cost ~$60K monthly

It takes between 2-4 weeks to onboard a customer

It takes between 2-4 weeks to onboard a customer

Guardian Analytics Helps Decrease Onboarding Costs with KYC Automation

Create interactive & customizable KYC forms in minutes

Create interactive & customizable KYC forms in minutes

Tune rules & simulate alerts instantly for each customer risk profile

Tune rules & simulate alerts instantly for each customer risk profile

Leverage real-time CDD for fast customer onboarding

Leverage real-time CDD for fast customer onboarding

Transactions Monitoring Have Poor Alert Quality

95% of AML alerts are false positives

95% of AML alerts are false positives

98% of AML alerts are not contributing to a SAR filing

98% of AML alerts are not contributing to a SAR filing

It takes over 10 hours to clear an AML alert

It takes over 10 hours to clear an AML alert

Increase Transaction Monitoring Alert Efficiency using Guardian Analytics Evidence Lake™

Gain highest alert quality, lowest false positives with self-service configurable rules

Gain highest alert quality, lowest false positives with self-service configurable rules

Enable automated case filing & SAR filing

Enable automated case filing & SAR filing

Identify unusual connections on the alerted subject through a multi-channel link analysis

Identify unusual connections on the alerted subject through a multi-channel link analysis

Rising Operational Costs

Mid to large size banks spend $7M-$15M in AML per year

Mid to large size banks spend $7M-$15M in AML per year

56% is spent on HW/SW & 44% is on labor

56% is spent on HW/SW & 44% is on labor

$2.7B is wasted per year analyzing false positives

$2.7B is wasted per year analyzing false positives

Guardian Analytics Evidence Lake™ Reduces Operational Costs

SaaS model decreases HW & SW operating costs to zero

No hardware, no D/R operational costs

No software, no upgrade operational costs

No software, no upgrade operational costs

No expensive consulting or IT maintenance fees

No expensive consulting or IT maintenance fees