Using Benford’s Law to Detect Money Laundering and Financial Fraud
Using Benford’s Law to Detect Money Laundering and Financial Fraud Introduction Financial crime, particularly money laundering, poses a…
Case File // RR-2026 — Technology Leader
Rajarshi Ray leads AI, Machine Learning and Financial Crime Compliance programs for Tier‑1 banks worldwide — 20+ years taking rule‑based AML into AI/ML‑driven detection, without losing a single SAR.
A computer science graduate from IIEST Shibpur, now completing an M.Tech in Data Science & Engineering at BITS Pilani — bridging two decades of enterprise software delivery with hands‑on AI and machine learning.
Rajarshi is a Technical Project Manager at Oracle Financial Services Software, where he manages and implements end‑to‑end solutions for the Oracle FCCM product suite inside financial institutions — from inception through business‑as‑usual operation.
He is a Data Science and Machine Learning enthusiast with hands‑on experience across the technology stack, always eager to learn what's next — currently deep in Generative AI, LLM platforms and Agentic AI as part of Oracle Financial Services Software's internal Gen AI leadership team.
He has successfully led teams for application software development and roll‑outs, delivering projects on time, and has managed multiple project portfolios simultaneously in multi‑vendor, multi‑location environments.
Case File // 01 — Domain Expertise
Two decades spent inside the systems banks depend on to catch what shouldn't get through.
01
Anti‑Money Laundering (AML) across Retail & Corporate Banking, Fraud, Brokerage, Cards and Markets.
02
End‑to‑end Know Your Customer onboarding, due diligence and ongoing screening.
03
Customer screening, transaction filtering and real‑time alerting via JMS queue processing.
04
CTR, CRR, STR and Enterprise Case Management across regulated markets.
05
Retailing merchandise and fuel product platforms for large-scale operators.
06
Distributed file systems and parallel processing for high‑throughput data platforms.
Case File // 02 — Technology Stack
Case File // 03 — Career Ledger
Program leadership across Oracle FCCM implementations for major financial institutions worldwide.
Case File // 04 — Accomplishments
Certifications
Blog
Notes on AI, machine learning and financial crime detection.
Using Benford’s Law to Detect Money Laundering and Financial Fraud Introduction Financial crime, particularly money laundering, poses a…
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Open to conversations on financial crime detection, Gen AI adoption and enterprise program leadership.