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Effective Risk Management with AI Insights

Companies around the world are under increasing pressure to implement robust measures for managing risk and preventing illicit activities. One effective solution is the AI insights from Screening History, EDD plug-in, a powerful tool designed to provide low-cost, highly reliable screening solutions.

Purpose and Benefits

The purpose of this tool is to:

• Provide a cost-effective solution: For companies looking to screen new applicants during onboarding and continuously monitor existing clients for Sanctions, Watchlist, and PEP exposure.
• Reduce false positives: By using a proprietary PEP Scoring module that reduces PEP-related false positives by at least 50%.

Configurable Workflow

The tool boasts a configurable workflow that aggressively reduces false positives. This includes:

• PEP Scoring module: Reduces PEP-related false positives by at least 50%.
• On Demand, in real-time, Batch, and PEP Scoring options: Providing integrated screening capabilities to suit various business needs.

Data Formats and Use Cases

The tool can ingest Watchlists/Sanctions data in API or Datafile formats and is designed for companies that:

• Screen a high volume of clients: Partners, vendors, payments, and transactions.
• Prevent Sanctions exposure: Financial institutions and businesses looking to effectively manage risk.

Overall, the AI insights from Screening History, EDD plug-in appears to be a powerful tool for financial institutions and businesses looking to effectively manage risk and prevent illicit activities.