Redefining Compliance: A Shift from Legacy Bottlenecks to Real-Time Vigilance

Client Background

The client is a leading global financial institution with operations across multiple regions, offering a wide range of banking and financial services. Known for its robust governance and commitment to regulatory compliance, the bank had long relied on custom-built, on-premise infrastructure to support its AML, KYC, and transaction monitoring efforts. However, as data volumes surged and compliance regulations evolved, the institution recognized the urgent need to modernize its technology stack to stay agile, secure, and compliant in a dynamic regulatory environment.

The Challenge 

As compliance demands intensified and transaction volumes soared, the bank faced several critical roadblocks:

• Strained Infrastructure: Legacy on-prem systems were overwhelmed by exponential data growth.
• Limited Scalability: In-house ETL tools lacked the agility needed for evolving compliance needs.
• High Operational Overhead: Maintenance of aging systems increased costs and slowed innovation.
• Delayed Insights: Compliance queries took up to 48 hours to resolve, impacting responsiveness.
• Regulatory Pressures: Growing need for real-time monitoring and reporting to meet global compliance standards.

Xoriant Solution 

To support the bank’s vision of strengthening its compliance posture and modernizing its infrastructure, Xoriant partnered closely with their teams to enable a seamless transition to a scalable, cloud-native environment. The joint effort focused on driving agility, real-time insights, and automation across their compliance framework.

• Transitioned from legacy on-prem systems to a future-ready cloud architecture
• Leveraged Databricks on AWS for scalable, high-performance data processing
• Applied GenAI automation to streamline compliance workflows and policy checks
• Enabled real-time transaction monitoring and fraud detection
• Reduced manual effort and enhanced system responsiveness

Business Outcome

The transformation delivered measurable improvements across the bank’s compliance operations, aligning with its goals for speed, accuracy, and efficiency. By modernizing its foundation and infusing intelligence into key workflows, the bank is now better equipped to meet regulatory expectations in real time.

• 48 hours to seconds – Compliance query resolution time dramatically reduced
• 50% faster dashboard performance for real-time decision-making
• Lower infrastructure costs with AWS’s pay-as-you-go model
• Reduced false positives through intelligent, rule-based detection
• Accelerated delivery cycles with 50% reduction in manual testing effort

Technology Stack 

Databricks, AWS, Delta Live Tables, Apache Airflow, Python, Spark, GenAI LLMs, Oracle, Unix