Allium is a boutique consulting firm specializing in AML/BSA Compliance, Technology, and Analytics professional services. We partner with firms with both nascent and mature programs to evaluate, implement, enhance, and upgrade their solutions. Our team is comprised of both functional and technical subject matter experts with decades of industry experience.

RCI offers professional services focused on the strategic planning and execution of AML and Financial Crimes Compliance and Case Management programs in the banking industry. We are capable of managing all phases of the project lifecycle.

Recommended and implemented NICE Actimize SAM, WLF, and RCM enhancements, with subject matter expertise in Bank Secrecy Act/Anti-Money Laundering, vastly improving the completeness, effectiveness, and efficiency of the existing transaction monitoring, customer screening, and case management solutions.Replaced Actimize SAM, WLF, and RCM with Oracle FCCM equivalent products: AML, CS, and ECM, respectively; also including the Enterprise Data Quality (EDQ) and Entity Resolution (ER) solutions.Expanded the scope of Nasdaq SMARTS trade and market surveillance to ensure coverage of additional businesses, products, and geographical locations.Engaged throughout all phases of the project and development lifecycle: gathered and prepared of business requirements of the highest quality, translated into detailed functional and technical specifications and conducted extensive data analysis, validation and testing.Collaborated with Compliance teams to optimize the investigations process and highlight the critical data elements to facilitate the alert, case, and Suspicious Activity Report (SAR) workflows.Interacted with senior stakeholders and auditors on a regular basis to communicate project milestones and progress, risks and issues, along with mitigation strategies.

Implemented Actimize SAM 8.2 – migrating the client off their legacy Fortent SearchSpace platform, including the Account (SBA) and Organization/Country (CSBO) Security Blankets, in addition to several out of the box SAM-R rules.Activated 10 out of the box SAM-C rules focused on Correspondent Banking to cover the risks associated with the bank’s USD clearing activities.Coordinated with NICE Actimize to develop, test, and deploy new, custom SAM-C rules to the bank’s specific requirements, that were not available off the shelf.Designed, specified, tested, and deployed a bespoke external entity resolution engine, which groups non-customer parties by name and bank account, and assigns referential attributes, AML risk scores, and population groups/segments for setting targeted thresholds.Specified, tested, and deployed a bespoke country identification engine, which uses keywords, rules, and scoring logic to identify the location of payment originators and beneficiaries, when otherwise not specified in wire payment instructions.Assisted in multiple upgrades of Actimize SAM, up to version 8.5 along with the dependent upgrades of AIS, RCM, and UDM.

Business Analyst in Compliance Technology, and a key contributor to the successful completion of an Anti-Money Laundering optimization initiative. The program improved the efficiency of investigations, closed gaps in surveillance, and decommissioned ineffective models.