Anti-Financial Crime

Are you using the latest financial crime prevention techniques to protect your customers and comply with ever-changing regulations?

Criminals are becoming more sophisticated in their attacks and their ability to hide illegal activities; fines are also increasing for regulatory non-compliance.

To stay one step ahead of both the criminals and the regulators, banks must be able to rapidly detect and defend against continually evolving threats and therefore must be able to deploy cutting-edge technologies which iteratively develop their anti-financial crime capability.

This brings many advantages (such as increased customer confidence, reduced regulatory risk, and fewer false-positive threat detections) but the risks associated with transforming business-critical anti-financial crime solutions are also significant, and must be carefully managed.

Icon Solutions has delivered anti-financial crime solutions for some of the world’s largest financial organisations. We are experts in the architecture and design of solutions for the problems of non-standardized and siloed data, complex and interlinked data sets, hybridization of anti-financial crime implementations, and integration with real-time digital customer journeys – all of which are fundamental (whilst also being likely to be deep-rooted) – to accelerate their deployment without compromising on safety.

How can Icon work with you?

Creating a long-term IT strategy that delivers the needs of the business, but is also practical and achievable, is a serious challenge - particularly when it is restricted and burdened by intransigent infrastructure.

At Icon Solutions, we help our customers evolve their legacy platforms to support dynamic services fit for the modern banking landscape, by developing strategies to support pragmatic, continual transformation, instead of unending fire-fighting or disruptive “big bang” approaches.

We can expertly advise on architecture and technology transformation using our deep knowledge of banking systems, along with extensive practical experience of modern technical architectures and IT operating models. We understand technology and its utilisation to a great degree, but we are agnostic (and therefore completely transparent) regarding software vendors and technology providers: we can evaluate technology candidacy on a case-by-case basis to provide genuinely unbiased opinions.

We typically work with clients in one of two ways, the former often evolving into the latter:

Technology Strategy & Roadmap

Develop a strategic vision - addressing both internal and external drivers - together with a set of prioritised recommendations and an outline roadmap, showing how best to achieve the vision whilst delivering value along the way.

Architecture Delivery

Steer and augment transformation execution, leading or supporting architecture and design activities, ensuring solutions meet functional and non-functional requirements as well as aligning with the strategic vision.

Would you like to find out how Icon can assist you with enhancing your anti-financial crime capability?


Setting the industry standard for KYC

Icon Solutions helped this Tier 1 Bank to improve their in-house controls for anti-money laundering and sanctions compliance and achieve their vision to set the industry standard for KYC.


Bringing technical strategy to life in AML Transaction Monitoring

Icon Solutions was engaged by this bank to provide expert review and validation of the bank’s target architecture and technical roadmap for Transaction Monitoring.


Automating the customer due diligence experience 

Icon Solutions were approached to assist the bank with the automation of their Customer Due Diligence (CDD) and In-Life Management (ILM) programme.