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© Cloudera, Inc. All rights reserved.
Patrick Angeles
Chief Solutions Architect
Cloudera
Joe Gillespie
Founder & President
Booz Allen’s riskCanvas LLC
BUILD A MODERN PLATFORM FOR AML
© Cloudera, Inc. All rights reserved. 2© Cloudera, Inc. All rights reserved.
AGENDA
Build a Modern Platform for AML
PART 1: Exploration of the Pain Points
• 2018’s Biggest Challenges in Financial Crime
• Solving Data Management Issues
• Single View of the Customer, Transaction Monitoring Efficacy, etc.
PART 2: Technical Deep Dive
• Data Ingest
• Data Processing
• Data Exploration
© Cloudera, Inc. All rights reserved. 3© Cloudera, Inc. All rights reserved.
THE BIGGEST PAIN POINTS
An analysis of the biggest problems facing financial crimes programs
There are several challenges for Financial Crimes
programs in 2018 regardless of the institutions
size. Many of Financial Crime’s biggest issues fall
into one or more of the five categories:
• Transaction Monitoring Efficacy
• Investigation Efficiency
• Single View of the Customer
• KYC / CDD
• Quantifying AML Risk
THE ROOT OF ALL OF THESE PROBLEMS IS IN DATA
MANAGEMENT
© Cloudera, Inc. All rights reserved. 4© Cloudera, Inc. All rights reserved.
POLL #1
What are your top pain points related to data management for AML / Financial Crimes?
1. Data collection / storage / archival
2. Data quality
3. Data processing and aggregation
4. Data exploration / wrangling
5. Data lineage
6. Single view of customers and transactions
7. Other

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© Cloudera, Inc. All rights reserved. 5© Cloudera, Inc. All rights reserved.
UNLOCKING VALUE FROM DATA
Data Management is a foundational capability $
SOLUTIONS
DATA SCIENCE
BI / ANALYTICS
BIG DATA MANAGEMENT
© Cloudera, Inc. All rights reserved. 6© Cloudera, Inc. All rights reserved.
CLOUDERA ENTERPRISE DATA HUB
How is it different from legacy platforms?
SEARCHHDFS TABLE NoSQL
DATA ENGINEERING DATA
WAREHOUSING
DATA SCIENCE OTHER
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REPLICATION
DATA CATALOG
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• Management layer with
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• Powerful solution for data
aggregation
• Fast analytics over petabytes
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• Fully integrated data science
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• Extensible open platform
© Cloudera, Inc. All rights reserved. 7© Cloudera, Inc. All rights reserved.
GLOBAL PAYMENT
PROCESSOR
• Cloudera Enterprise Data
Hub used for archival
• $30M in annual savings
from EDW optimization
• Identified $2 billion in
potential annual fraud
• New revenue streams
from analytics offerings
sold to merchants
© Cloudera, Inc. All rights reserved.8 © Cloudera, Inc. All rights reserved.
BUILDING THE BANK OF
THE FUTURE
• Brings 1000s of data
sources together at a
fraction of the cost for
cybersecurity, anti-money
laundering, fraud analytics,
and customer marketing
• Drives 90% productivity
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© Cloudera, Inc. All rights reserved.9 © Cloudera, Inc. All rights reserved.
UNIFYING OPERATIONAL AND
NETWORK DATA FOR NEW
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identifying join time delays
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• Identified 17X more fraud to
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warehouse and BI
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© Cloudera, Inc. All rights reserved. 10© Cloudera, Inc. All rights reserved.
THE CHALLENGE
Balance these needs
DATA SCIENCE / ANALYTICS
• Access to granular data
• Flexibility
• Preferred tools
• Algorithms
• Reproducible research
• Path to production
• Self-service access
DATA MANAGEMENT
• Security
• Governance
• Standards
• Low maintenance
• Low cost
• Self-service access
© Cloudera, Inc. All rights reserved.11 © Cloudera, Inc. All rights reserved.
CLOUDERAENTERPRISE+ DATA SCIENCE WORKBENCH
Accelerate Machine Learning from Research to Production
For data scientists
• Experiment faster
Use R, Python, or Scala with
on-demand compute and
secure EDH data access
• Work together
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• Deploy with confidence
Get to production repeatably
and without recoding
For IT professionals
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Give your data science team
more freedom while reducing
the risk and cost of silos
• Secure by default
Leverage common security and
governance across workloads
• Run anywhere
On-premises or in the cloud
© Cloudera, Inc. All rights reserved. 12© Cloudera, Inc. All rights reserved.
CLOUDERA
ENTERPRISE DATA
HUB
Scalability to handle large
volumes and varieties of data
Power to transform and aggregate
data as needed
Speed for interactive analytics
Agility to enable data science and
machine learning
Security and Transparency for
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S
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© Cloudera, Inc. All rights reserved. 13© Cloudera, Inc. All rights reserved.
FINANCIAL CRIMES
Revisiting the challenges
© Cloudera, Inc. All rights reserved. 14© Cloudera, Inc. All rights reserved.
POLL #2
What areas in your financial crimes program need the most improvement?
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© Cloudera, Inc. All rights reserved. 15© Cloudera, Inc. All rights reserved.
RISKCANVAS
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etection
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achine
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riskCanvasAnalyticsSuite
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© Cloudera, Inc. All rights reserved. 16© Cloudera, Inc. All rights reserved.
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riskCanvas’sTesseractEngine leveragesthesetoolsinitsautomatedprocessingpipelinetoproducecommon QFDsfor
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© Cloudera, Inc. All rights reserved. 22© Cloudera, Inc. All rights reserved.
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© Cloudera, Inc. All rights reserved. 23© Cloudera, Inc. All rights reserved.
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ENTITY
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N
MANAGEMENT
TESSERACT
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S
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SCIENCE
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L DATABASE
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CONTROL
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© Cloudera, Inc. All rights reserved. 24© Cloudera, Inc. All rights reserved.
THANK YOU
Resources and Call to Action
solutions@cloudera.com
financialcrimes@bah.com
Visit the Cloudera Solution Gallery to learn more about the solution:
https://www.cloudera.com/solutions/gallery/booz-allen-hamilton-riskcanvas.html
Visit the Booz Allen Hamilton solution page and request a demo:
https://www.boozallen.com/riskcanvas

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Build a modern platform for anti-money laundering 9.19.18

  • 1. © Cloudera, Inc. All rights reserved. Patrick Angeles Chief Solutions Architect Cloudera Joe Gillespie Founder & President Booz Allen’s riskCanvas LLC BUILD A MODERN PLATFORM FOR AML
  • 2. © Cloudera, Inc. All rights reserved. 2© Cloudera, Inc. All rights reserved. AGENDA Build a Modern Platform for AML PART 1: Exploration of the Pain Points • 2018’s Biggest Challenges in Financial Crime • Solving Data Management Issues • Single View of the Customer, Transaction Monitoring Efficacy, etc. PART 2: Technical Deep Dive • Data Ingest • Data Processing • Data Exploration
  • 3. © Cloudera, Inc. All rights reserved. 3© Cloudera, Inc. All rights reserved. THE BIGGEST PAIN POINTS An analysis of the biggest problems facing financial crimes programs There are several challenges for Financial Crimes programs in 2018 regardless of the institutions size. Many of Financial Crime’s biggest issues fall into one or more of the five categories: • Transaction Monitoring Efficacy • Investigation Efficiency • Single View of the Customer • KYC / CDD • Quantifying AML Risk THE ROOT OF ALL OF THESE PROBLEMS IS IN DATA MANAGEMENT
  • 4. © Cloudera, Inc. All rights reserved. 4© Cloudera, Inc. All rights reserved. POLL #1 What are your top pain points related to data management for AML / Financial Crimes? 1. Data collection / storage / archival 2. Data quality 3. Data processing and aggregation 4. Data exploration / wrangling 5. Data lineage 6. Single view of customers and transactions 7. Other
  • 5. © Cloudera, Inc. All rights reserved. 5© Cloudera, Inc. All rights reserved. UNLOCKING VALUE FROM DATA Data Management is a foundational capability $ SOLUTIONS DATA SCIENCE BI / ANALYTICS BIG DATA MANAGEMENT
  • 6. © Cloudera, Inc. All rights reserved. 6© Cloudera, Inc. All rights reserved. CLOUDERA ENTERPRISE DATA HUB How is it different from legacy platforms? SEARCHHDFS TABLE NoSQL DATA ENGINEERING DATA WAREHOUSING DATA SCIENCE OTHER SECURITY GOVERNANCE WORKLOAD MANAGEMENT REPLICATION DATA CATALOG • Scalable, cost-effective and flexible storage • Management layer with comprehensive data lineage and security • Powerful solution for data aggregation • Fast analytics over petabytes of data • Fully integrated data science and machine learning • Extensible open platform
  • 7. © Cloudera, Inc. All rights reserved. 7© Cloudera, Inc. All rights reserved. GLOBAL PAYMENT PROCESSOR • Cloudera Enterprise Data Hub used for archival • $30M in annual savings from EDW optimization • Identified $2 billion in potential annual fraud • New revenue streams from analytics offerings sold to merchants
  • 8. © Cloudera, Inc. All rights reserved.8 © Cloudera, Inc. All rights reserved. BUILDING THE BANK OF THE FUTURE • Brings 1000s of data sources together at a fraction of the cost for cybersecurity, anti-money laundering, fraud analytics, and customer marketing • Drives 90% productivity improvement for analytics projects • Delivers 60% reduction in data management costs; 98% reduction in storage costs per TB
  • 9. © Cloudera, Inc. All rights reserved.9 © Cloudera, Inc. All rights reserved. UNIFYING OPERATIONAL AND NETWORK DATA FOR NEW SERVICE INSIGHT • Increased customer ratings through improved service, identifying join time delays in real time • Identified 17X more fraud to help prevent costly fraudulent meetings • Delivered platform at 1/10 the cost of traditional data warehouse and BI environments
  • 10. © Cloudera, Inc. All rights reserved. 10© Cloudera, Inc. All rights reserved. THE CHALLENGE Balance these needs DATA SCIENCE / ANALYTICS • Access to granular data • Flexibility • Preferred tools • Algorithms • Reproducible research • Path to production • Self-service access DATA MANAGEMENT • Security • Governance • Standards • Low maintenance • Low cost • Self-service access
  • 11. © Cloudera, Inc. All rights reserved.11 © Cloudera, Inc. All rights reserved. CLOUDERAENTERPRISE+ DATA SCIENCE WORKBENCH Accelerate Machine Learning from Research to Production For data scientists • Experiment faster Use R, Python, or Scala with on-demand compute and secure EDH data access • Work together Share reproducible research with your whole team • Deploy with confidence Get to production repeatably and without recoding For IT professionals • Bring data science to the data Give your data science team more freedom while reducing the risk and cost of silos • Secure by default Leverage common security and governance across workloads • Run anywhere On-premises or in the cloud
  • 12. © Cloudera, Inc. All rights reserved. 12© Cloudera, Inc. All rights reserved. CLOUDERA ENTERPRISE DATA HUB Scalability to handle large volumes and varieties of data Power to transform and aggregate data as needed Speed for interactive analytics Agility to enable data science and machine learning Security and Transparency for governance Open and extendable HDFS WORKLOAD S DATA SCIENCE ANALYTIC DATABASE OPERATIONA L DATABASE DATA ENGINEERIN G 3RD PARTY SERVICES COMMON SERVICES SECURITY GOVERNANCE WORKLOAD MANAGEMENT REPLICATION DATA CATALOG STORAGE KUDU Microsoft ADLS Amazon S3
  • 13. © Cloudera, Inc. All rights reserved. 13© Cloudera, Inc. All rights reserved. FINANCIAL CRIMES Revisiting the challenges
  • 14. © Cloudera, Inc. All rights reserved. 14© Cloudera, Inc. All rights reserved. POLL #2 What areas in your financial crimes program need the most improvement? 1. Transaction Monitoring 2. Investigation and Case Management 3. KYC / Customer Due Diligence 4. Single View of the Customer 5. Quantifying AML Risk 6. Other
  • 15. © Cloudera, Inc. All rights reserved. 15© Cloudera, Inc. All rights reserved. RISKCANVAS Cloudera + riskCanvas Tesseract provide a robust platform for financial crime data management. With this platform in place, riskCanvas™ provides a suite of modules which target the remaining challenges for Financial Crimes Programs including: Network Analysis Case Management BehavioralAnomaly Detection EntityData Enrichment Real-Tim e D etection Investigation Acceleration Entity Risk-Scoring M achine Learning riskCanvas™ End-to-End FC Software Suite riskCanvasAnalyticsSuite riskCanvas Tesseract™ AML Data Management Platform Financial Crime Software Suite Built on Big Data
  • 16. © Cloudera, Inc. All rights reserved. 16© Cloudera, Inc. All rights reserved. CLOUDERA ENTERPRISE + RISKCANVAS TESSERACT Rapid data ingestion and processing for FC data
  • 17. © Cloudera, Inc. All rights reserved. 17© Cloudera, Inc. All rights reserved. TRANSACTION MONITORING DEMO
  • 18. © Cloudera, Inc. All rights reserved. 18© Cloudera, Inc. All rights reserved. CASE MANAGEMENT DEMO
  • 19. © Cloudera, Inc. All rights reserved. 19© Cloudera, Inc. All rights reserved. TECHNICAL DEEP DIVE
  • 20. © Cloudera, Inc. All rights reserved. 20© Cloudera, Inc. All rights reserved. TECHNICAL DEEP DIVE: DATA INGEST Key Tenets of Successful Data Ingestion Raw = Better Use a Framework Land in HDFS Choose a Standard DataLakeStrategy AML DATA LAKE GOOD BEST ENT. DATA LAKE AML DATA LAKE KeyBenefitsofEnterpriseDataLakeStrategy… • ConsolidateCostofDataMigration • Consolidateeffortofdataingestionand upstreammaintenance • DataGovernance • Singlesourceoftruth
  • 21. © Cloudera, Inc. All rights reserved. 21© Cloudera, Inc. All rights reserved. TECHNICAL DEEP DIVE: DATA PROCESSING riskCanvas’sTesseractEngine leveragesthesetoolsinitsautomatedprocessingpipelinetoproducecommon QFDsfor downstreamexploitation. CLOUDERA ENTERPRISE DATA HUB • MessageQueue • Streamprocessingsupport • Dataoperationresiliency • DistributedProcessing • Efficient, scalabledata transformation • Batch orStream • AI andML support • DistributedIndex • Sub-secondtext,geospatial,IP,& range queries • Statistics& aggregation • Unstructuredtext analysis • DistributedKey-Valuestore • Heterogeneousdatastructures • Sub-seconddataretrieval • Distributedcompute support • DataLineage • Auditabilityoftransformations • Datadictionary • ExtensiveAPIs • 3rd Partyintegrations • SOLR Alternative • RobustmanagementAPIs • Dynamic schemas • Distributed“brain” = more resilient Navigator
  • 22. © Cloudera, Inc. All rights reserved. 22© Cloudera, Inc. All rights reserved. TECHNICAL DEEP DIVE: DATA EXPLORATION riskCanvas ™ Other Apps Customer Risk Scoring Transaction Monitoring Case Management Operational Applications Data Science & Analytics Data Science Workbench
  • 23. © Cloudera, Inc. All rights reserved. 23© Cloudera, Inc. All rights reserved. CLOUDERA ENTERPRISE + RISKCANVAS riskCanvas DATA STORE SEARCHHDFS KUDU HBASE ENTITY ANALYTICS TRANSACTION MONITORING INVESTIGATIO N MANAGEMENT TESSERACT DATA WRANGLING ANALYTICS SUITE WORKLOAD S DATA SCIENCE ANALYTIC DATABASE OPERATIONA L DATABASE DATA ENGINEERIN G OTHER COMMON SERVICES SECURITY GOVERNANCE LIFECYCLE MANAGEMENT CONTROL PLANE DATA CATALOG LINEAGEENTITLEMENTS
  • 24. © Cloudera, Inc. All rights reserved. 24© Cloudera, Inc. All rights reserved. THANK YOU Resources and Call to Action solutions@cloudera.com financialcrimes@bah.com Visit the Cloudera Solution Gallery to learn more about the solution: https://www.cloudera.com/solutions/gallery/booz-allen-hamilton-riskcanvas.html Visit the Booz Allen Hamilton solution page and request a demo: https://www.boozallen.com/riskcanvas