The COVID-19 pandemic changed the ways in which customers interact with their financial institutions. The pandemic, combined with continued digital transformation, has also created new operational, business, and security challenges within those institutions.
Meeting those challenges requires solutions that bring together the latest advancements in intelligence and control.
01
Risk assessment and management need to be fully integrated. Institutions must be able to perform real-time, intelligence-based, assessment of risks associated with loans, investments, product offerings, etc.
02
Reactive fraud detection is no longer sufficient. Solutions are needed that enable a shift to effective fraud prevention for institutions and their customers.
03
AI-enabled, self-learning, process workflows are needed to automate and streamline heavy, resource-consuming, processes. Workflows that improve accuracy and repeatability.
04
Too much time and money are spent on complying with the complex landscape of financial regulations. More holistic solutions are needed for monitoring the institution’s entire infrastructure.
05
Financial institutions and their customers are under constant pressure from cyber-criminals. Hardened, AI/ML-enabled cyber-security is a go-forward imperative.
06
Digital transactions have replaced personal interactions. Digital transactions need to be slick, reliable, available, fast, and non-intrusive.
Plasma provides the technology that enables the development of enterprise-grade intelligence for financial institutions and their customers. Greater efficiency and reduced risk for the institution. Enhanced service and experience for the customer. Greater security for both.
Personalized machine learning algorithms that provide rapid detection of anomalies in a potential borrower’s spending and credit application patterns.
Customizable intelligence that provides end-point monitoring and analysis of transaction data points to detect fraud-indicative anomalies.
Financial workflows that are dynamic, automated, and self-learning. Process automation that eliminates human-introduced error.
AI-enabled early detection of AML risk indicators that provide a 360⁰ view of customer behavior. Automated routing of alerts and mitigations.
Ecosystem monitoring that includes AI-enabled security and SSL protocols. Protection from cyber-threats using encryption methods that protect against Zero-Day cyber-attack and other malware intrusions.
Embedded AI that learns and evolves from customer interactions. Improves customer experience while reducing workforce requirements.
One of the leaders in global banking, with more than 70,000 employees, 400 branch offices, and 19 million customers, had a high-priority requirement for the development of enterprise-grade distributed applications to support a variety of monetary and other crypto asset transactions.
Plasma’s solution development was completed on time, on budget, and on scope. Plasma provided the client with a comprehensive digital solution that has fully satisfied the client’s present and future business needs.
rmed with its new DLT capabilities the client has been able to introduce new business capabilities that have provided distinct competitive advantages. This has included: the ability to transfer funds at a fraction of the cost and time of traditional banking and full automation of handling of cross-currency transactions that promotes client confidence.
