aml norkom implementation for a leading consumer bank · case study program objective anti money...
TRANSCRIPT
CASE STUDYCASE STUDY
www.hcltech.com
Program ObjectiveAnti Money Laundering (AML) Norkom Implementation
Challenges• The client is expected to actively monitor transactions, accounts, customers and
customer’s customers for money laundering and terrorist Financing activity
• To achieve this objective, the client implemented Norkom Technologies Alchemist solution
• NORKOM is widely used in many banks across the world for Anti Money Laundering purposes
• Challenges faced was to understand the Watch List data from various locations and mapping it to the Norkom application requirement for KYC
• Also, supporting the Business Critical applications
HCL RoleHCL is involved in NORKOM application implementation, interface developments and Production support. The areas in which the project work can be broken up into are:
• Business Requirement Gathering
• Reviewing Norkom Functional Specification
• Gap Analysis
• Data mapping
• Functional & Technical Specification creation for interface development.
• Report Generation
• Interface Development
• Application support
Industry/ Sector• Wholesale Banking & Consumer
• Banking
Services utilized• Gap Analysis
• Functional & Technical Specification creation for interface development
AML Norkom implementation for a Leading Consumer bank
Application Support & Maintenance
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Business Areas Addressed• Customer Service Department
Results/ Benefits• As HCL has prior experience in AML Norkom product extensively
• Quick implementation of the requirements