Company
Date Published
Author
Val Polouchkine
Word count
734
Language
English
Hacker News points
None

Summary

A customer's identity and associated risk factors are crucial for financial institutions to prevent money laundering and other financial crimes. A single customer view (SCV) provides a complete picture of a customer's data, but integrating data from multiple sources can be complex. GraphQL and Apollo GraphOS can help create a unified data experience by aggregating data from disparate internal systems and third-party services. By assigning a risk rating to customers using a federated graph, financial institutions can create a holistic view of their customers' data, including personal and financial information, transaction history, and behavior patterns. This enables businesses to comply with KYC and AML regulations while simplifying the execution of AML procedures by retrieving necessary customer metadata in a single query.