CASE STUDYCASE STUDY

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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