Polaris Financial Technology has launched its Financial Forensics Platform.
The software is expected to address the Money Laundering and Fraud issues faced by financial institutions.
Polaris Financial Forensics Platform (FFP) is designed to help investigate irregularities, specifically those relating to Anti Money Laundering (AML), Fraud, and Risk & Regulatory.
The company showcased the AML module of FFP to CIOs, Business & Technology Heads and Senior Data Architects from leading banks in the UK and Europe.
FFP will enable the processing of structured, semi-structured and unstructured data in a bank’s existing system. The solution will complement the bank’s existing AML solution, and provide the ability to process enormous data efficiently with critical business analytical abilities that Big Data enables.
Jitin Goyal, CEO, Polaris FT Services said Polaris is working with various banks and industry bodies to swiftly onboard this solution, to help them lead the battle from the front as well as help their partners across the globe.