Advanced Peer Group Analysis (APG) Module

NetEconomy's solutions can also be enhanced with the APG Module for advanced peer group analysis. The APG Module goes beyond standard peer group functionality by building up profiles that store the usual behavior of groups of similar customers (or customer segments), and calculating the average behavior for a certain period in order to identify customers that significantly deviate from this average.

“We are very pleased with the results using the Advanced Peer Group Analysis capability within NetEconomy. By using this technology, we were able to further narrow down alerts to significantly minimize the amout of investigation time for analyzing suspicious activity.” Richard Moody, Deputy MLRO – Abbey

The APG Module uses a risk scoring calculation to identify extreme deviations, flagging alerts only when a customer’s behavior is significantly different from others in its peer groups. By leveraging this dynamic calculation method with the APG Module, exceptionally high-quality alerts can be generated.

By integrating the APG Module with NetEconomy's financial institutions benefit from greater insight and a new understanding of the risks in the context of peer groups; increased granularity and transparency for customer groups and risks; increased accuracy and accountability of alerts; and a higher predictive power of criminal activity consistent with a risk-based approach to AML detection and management.

RED: Indicates behavior deviates significantly from the peer group.
ORANGE: Indidates behavior deviates from the peer group. YELLOW: Indicates average behavior of the peer group.

NetEconomy's Advanced Peer Group Analysis Module Datasheet 2007