Case Study: Large Global Bank achieves improved AML compliance and reduced false positives with Pitney Bowes Spectrum Entity Resolution

Solving serious data-quality problems is key to AML compliance for global bank

Large Global Bank faced regulatory pressure due to serious AML compliance gaps caused by poor counterparty data and missing identifiers, leaving trillions of dollars of transactions under the compliance radar. With a six-month deadline to roll out a new transaction monitoring system, the bank engaged Pitney Bowes and selected Pitney Bowes Spectrum® Entity Resolution (part of Pitney Bowes Financial Crimes and Compliance solutions) to fix data quality and counterparty identification quickly.

Pitney Bowes implemented Spectrum Entity Resolution to assign Global Unique IDs, build a graph-based data hub enriched with internal systems and the Pitney Bowes World Points of Interest data set, and apply analytics to detect anomalous behavior. The deployment — delivered within the six-month window — produced more accurate alerts across jurisdictions, reduced false positives and noise, linked related alerts into single investigation cases, and improved investigator efficiency; the solution processes up to 3 million transactions per hour and consolidates more than 80% of identified third parties.