Banoth Rajesh

Successfully delivered and customized STAR and AML platforms for Axis Bank, supporting both domestic operations and overseas branches in Dubai and Singapore. Adapted STAR and AML systems to meet local regulatory requirements in India, UAE, and Singapore. Collaborated directly with Axis Bank's technical and compliance teams to ensure smooth deployment and production rollout. Optimized system performance for high transaction volumes in international banking environments. Provided post-deployment support and enhancements tailored to specific regional banking operations and legal mandates. Developed transaction monitoring systems, reducing false positives by 25% and increasing suspicious activity detection rates by 35%. Conducted risk assessments, leading to a 20% reduction in identified money laundering risks within the organization and a 30% improvement in risk mitigation strategies. Contributed to backend modules for real-time and batch transaction screening, leveraging risk models for fraud detection. Implemented features for customer due diligence (CDD/KYC) and automated Suspicious Activity Report (SAR) generation. Developed tools for case management, enabling faster investigation and resolution of flagged transactions. Utilized Java, Spring Boot, and Hibernate to create a robust and scalable RESTful API for the Fintech web application. Developed and implemented comprehensive trade finance compliance measures, resulting in a 98% adherence rate to regulatory requirements and a 30% reduction in trade-based money laundering (TBML) risks within the organization. Developed RESTful APIs using Spring Framework for seamless integration with external services and third party applications. Responsibilities: Development, testing, bug fixing, implementation of application, attending grooming and story points estimation calls, and getting clarified with clients for respective tasks.