Arrow
Next case
Arrow

Fraud detection and monitoring software

Our client has got ISO/IEC 27001 certification, mentions in top media like WSJ, GIR, AHL, and others for this solution.

Icon Security Industry
Case Study Image Big

Who is our client?

Lextegrity is a global software company that helps enterprises prevent frauds and detect financial violations using the latest cutting-edge technologies and security practices. Our client’s founder was a successful anti-corruption investigation attorney, both in-house and as an external counsel. He turned to us to design and develop a scalable feature-rich monitoring system that could carry out investigations and compliance activities in the financial industry on a regular basis.

What is the solution?

The software's prime goal is to prevent fraud and corruption, sanction violations, third-party crimes, and other compliance risks. Audit and investigation for these activities are often periodic, and sample-based so many infractions go undetected. Our experts engineered a web application with proprietary content in 14 global languages with automated sanctions and media screening.

success

Chellenges

  • Lack of data. Efficient monitoring applies risk analytics and detection of high-threat activities in real-time. In order to generate actionable data, we had to create innovative analytics architecture and integrate it with various Artificial Intelligence and Business Intelligence tools.
  • Data collection and validation. Once we gathered a substantial amount of the relevant data, it became crucial to apply proper structure and modeling. Indexing and validating the data streamlined the future incoming data processing.
  • Automatically generated reporting. The client needed three types of reports: General view, Over Time view, and Contextual view in order to compare current items with the relevant data on a fly.
  • Risk engine settings. Our experts designed and developed the following new features: Employee spend analysis, HCX research, and Vendor spend analysis. These functionalities were implemented on multiple platforms and devices.
  • As a global company, our client required the ability to download reports in multiple languages. We enabled the system to generate reports in the most common 14 languages on the planet.
Case Left Image Case Right Image
Case Right Image
Case Left Image
Case Right Image
Case Right Image
success

Solutions

Our team of experts participated in the wholesale design and development of the system and the specific features and product improvements. All the components are horizontally scalable and fault-tolerant, thanks to the data replication and synchronization to the core product. The following companies use the software that we developed:

Logo
Logo
Logo
Logo
Logo
Logo
Logo
Logo
  • We outlined a clear design & development roadmap, set multiple sprint goals, and mapped & documented future development plans to assess product development timelines better.
  • Competitive analysis and market research were performed using our proprietary AI research tool Marquettè ®. 
  • We conducted A/B testing of the Tableau and Metabase to ensure the client has actual valid data available. 
  • After Investigation and comparison of open-source Business Intelligence tools, we opted for Metabase and created SQL-based inquiries. For the client’s convenience, we embedded Metabase Dashboards into the application. We trained our client on how to use the Metabase efficiently for a more seamless internal employee workflow. 
  • An always-on architecture and a single-source data warehouse. Our team of engineers opted for working with PostgreSQL, a database type, and AWS Redshift, a database host. 
  • In-depth reporting with ad-hoc drill-down to the data level: 3 types of reports: General view, Over Time view, and Contextual view. We have also built a 24/7 digital assistant to explain the risks raised to the end-users.

Our primary focus on data management and analytics has enabled our client to understand their customers’ needs and provide more useful services. Following our extensive analytics approach, which included a precise analysis of KPIs for each feature, our client could make efficient decisions on further improvements. This has resulted in the embedding of machine learning-based solutions that give out important insights and efficient analysis.

Value

+9 new global clients
+6 mentions in the press: WSJ, Compliance Week etc
ISO/IEC 27001 certified

Our experts provided the client with a web solution that currently saves hours of manual efforts and sufficiently increased the ROI. The app consists of extensive functionality and helps monitor, detect, and report financial wrongdoings.

They delivered my 1st start-up platform which was a sales funnel optimization platform. Then they developed 2 mobile apps for me. Wrote an AI, marketing analytics platform. I am super satisfied with their work, professionalism, and hospitality.

Person Photo

Victor Andanov

VP Software Engineering Moody’s Investors Service

They delivered my 1st start-up platform which was a sales funnel optimization platform. Then they developed 2 mobile apps for me. Wrote an AI, marketing analytics platform. I am super satisfied with their work, professionalism, and hospitality.

Person Photo

Abhishek Jain

Innovation Consultant, Devtorium


Related works

Inventory Optimization and Ads Scheduling Software
Icon Media
Inventory optimization and ads scheduling software

The software helped our client drive $46 billion in ad sales annually

Vehicle Insurance Application
Icon Insurance
Vehicle insurance application

We developed insurance software that helped our client reduce the time of purchasing insurance from 6 to 2 minutes.

Let’s talk about your idea!

Schedule a meeting

This website uses cookies

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services

Don't go!

Ouch..! That's Abandonment!

More than 65% of your online users do just that and never come back. Marquettè ® will help you convert your abandoning visitors into clients and brand advocates. Experience the power of AI today!


I don't want more clients