Case Study: Big Four Australian Bank strengthens fraud surveillance with KX Surveillance

Australian bank tackles financial fraud with an integrated surveillance solution

Big Four Australian Bank, a leading integrated financial services provider in Australia with global operations, needed a way to better surveil both trade data and electronic communications data. Its existing E-Comms solution was siloed from trade surveillance, expensive to operate, and difficult to scale to meet new ASIC requirements for analyzing both data types.

KX Systems helped the bank extend its existing KX Surveillance deployment into a unified surveillance solution covering both trade and E-Comms data. By combining the datasets, KX Systems enabled better pattern correlation, improved detection of trading violations and behavioral risks, and delivered immediate ROI by replacing two surveillance solutions with one, while also providing broader regulatory coverage and a flexible workflow aligned to the bank’s processes.