Case Study: Andbank achieves 20% faster compliance investigations and centralized AML monitoring with Oracle

Andbank Fulfills Compliance Obligations with Oracle

Andbank, the oldest private bank in Andorra with operations across 11 countries, needed to strengthen its anti–money‑laundering and financial‑crime controls. The bank faced challenges detecting unusual customer transactions, improving investigation and reporting workflows, and consolidating disparate international systems and data into a single, uniform platform to meet regulatory obligations.

Andbank implemented Oracle Financial Services Financial Crime and Compliance Management (OFSAA/FCCM) with Oracle partner Everis, deploying seven instances across its jurisdictions. The consolidated solution centralized customer and transaction data, automated investigations and reporting, produced over 750 monthly alerts, improved team performance by 20%, and increased processing speed and maintainability on a single, configurable platform.

Andbank

Pedro Cardona Vilaplana

Subdirector General & Global CIO