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HYDRAA Game Changing
Money marking & transaction tracking platform
Hydra AML Ltd., 2016.
Anti Money Laundering market
● Financial crime is global
Estimated to 1 trillion USD / year
Financing of Terrorism is a big issue
● AML and CFT are complex and expensive
Special human competencies required
Expensive tools
High penalties
Hydra AML Ltd., 2016.
The current process
Hydra AML Ltd., 2016.
Risk Management
Compliance
Know your Customer
Monitoring
The current process
Hydra AML Ltd., 2016.
Reporting suspicious
cases
… reporting about
their clients
Hydra AML Ltd., 2016.
The current process
FIREWALL
The detection of a case takes long time usually 18 months on averagefrom first notificationto judgement.
The detection of a case
Current issues
Hydra AML Ltd., 2016.
Process takes too much timeThe whole process takes 18 months in average
Banks spend more and more resources to investigateHighly specialized human competenciesExpensive tools
Limited global AML activityHuge differences in banks AML spendingsLegal problems (privacy, firewalls, borders)
Data issuesNo instant access to all transactional dataLow Quality DataBanks cannot deeply examine all potential cases
Wasting money and timeToo many false alertsLEAs only receives a slice of all criminal cases
Hydra – the concept
Hydra AML Ltd., 2016.
What if…
Money could talk?
Our concept is about:● marking money digitally at the source● compressing information in the marker on the money● modifying the marker in the case of each transaction● collecting markers without Personal Identification Data (PID)
Hydra: The Pending Patent
The methods behind HYDRA have been subject to a patent application by HAML (pp nr. W1500080) with the title: “A procedure for high-information qualitative marking and tracking of bulks consisting of mass units or their transactions”. Hydra AML Ltd. is the owner of the related commercial rights.
HYDRA AML process – Smart inputMoney in the account can be broken into separate parts based on the desired usage (VAT, social contributions, subcontractors’ fee, local fees etc.)
Hydra AML Ltd., 2016.
Traitional processCurrent quality of data, with limited
visibility on details.
Hydra processThis methodology provides better quality,
structured data
HYDRA AML process – marking money● HYDRA Client marks the different parts of digital money.
Hydra AML Ltd., 2016.
Markers are attached
directly to the digital money.
The markers related to a sum are similar to the DNA, they show the origin and background of the money
Markers are sent to Hydra Central Unit.
Hydra AML process overview
Hydra AML Ltd., 2016.
Why Hydra?
Hydra AML Ltd., 2016.
Reduces AML/CFT related costs of banksLess human capacities requiredAutomatized process with less false alarm
Improved investigation capabilitiesTransactional data is instantly available / faster detection of crimePattern recognition in global scale / algorithm scans the full databaseFirewall/privacy problems eliminatedPrevention
Allows to build more powerful AML applicationsQuality dataNew technologies based on AI, BIOther AML vendors: cooperation/licensing platform
Our Vision
Hydra AML Ltd., 2016.
Industry standard – parallel system
● Law Enforcement Agencies ● AML software vendors ● Banks
Business model
● SaaS● Licencing● Data services
Early success
Hydra AML Ltd., 2016.
Horizon 2020 callProposal submitted in August 2016
Participant organisationResearch
Sheffield Hallam University - United KingdomCentral European University - HungaryUniversità degli Studi di Palermo - ItalyCorruption Research Center Budapest – Hungary
IndustryHydra AML Ltd. - United KingdomApPello Banking Software SRL. - Romania
Law Enforcement AgenciesGuardia di Finanza GdF - ItalyNational Protective Service Financial Department - HungaryPrefecture de Police, Paris PPP - FranceGeneral Directorate for Combating Organised Crime – Bulgaria
Advisory BoardMatthew Bradford, Detective Superintendent Director of NFIB City of London Police, National Fraud Intelligence Bureau-NFIBDr Calogero Ferrara, Prosecutor of the Special Antimafia Directorate at Procura della Republica di PalermoDr Csaba Toth, Director of the Republikon Institute, BudapestZoltán Nagy, former president of the Hungarian Competition Authority, former compliance director of the railway company of the Hungarian stateJose L. Diego, Project Manager, Valencia Local Police
Hydra AML Ltd., 2016.
Contact
László Kürtibusiness development manager
[email protected] Péter Szakál
marketing manager+36.70.704.5669
Thank you!