Title: Oracle’s Advanced Sanctions Screening Solution: Boosting Compliance Coverage and Effectiveness

Oracle’s latest offering from its financial services division is the enhanced Sanctions Screening solution. Leveraging Artificial Intelligence (AI) andMachine Learning (ML) technologies, this system addresses the increasing risks of sanctions violations and money laundering for businesses dealing with financial crimes.

Description

Financial institutions face an escalating risk of sanctions violations and money laundering. Oracle’s Sanctions Screening solution, equipped with AI and ML, delivers a more efficient and effective screening process. With a focus on analyzing global data sources and maintaining the most extensive and up-to-date watchlists, the technology ensures organizations’ regulatory compliance and reduces potential financial losses from fines or reputational damage.

Keywords:

sanctions
sanctions screening
sanctions compliance
sanctions program
Anti-money laundering
customer screening
customer screening technology
risk screening
sanctions screening solution
watchlists
watchlist monitoring
transaction filtering
PEPs
politically exposed persons
adverse media
adverse media screening

##Acquisition in Poland Polish financial sector companies now have access to Oracle Sanctions Screening following Oracle Poland’s acquisition of a local firm. This addition advances Oracle’s comprehensive portfolio of financial crime compliance offerings.

Benefits of Oracle’s Sanctions Screening

Comprehensive Compliance Coverage: Oracle’s enhanced solution offers extensive watchlist coverage, including Politically Exposed Persons (PEPs), adverse media, and more.
Increased Screening Effectiveness: Integrating AI and ML technologies, Oracle’s Sanctions Screening streamlines the process for more accurate results and fewer false positives.
Lower False Positives: Fewer false positives mean fewer costs associated with investigating unfounded alerts and valuable resources.
Analytics-driven Decision-making: Empower your teams with insights from Oracle’s Sanctions Screening to make informed decisions and investigate cases more efficiently.
Regulatory Adherence: Stay compliant with international regulations, avoiding costly fines, reputational damage, and business losses.

Upcoming Enhancements

In the coming months, Oracle plans to further enhance its Sanctions Screening solution through continuous updates and iterations. By focusing on the evolving landscape of financial crimes, the company aims to provide unparalleled protection and peace of mind for its customers.