A-Team Insight Blogs

Accuity Adds AI to Financial Crime Compliance Screening

Share article

Accuity has introduced an AI-driven account screening capability, Firco Automated Alert Reduction, aimed to increase accuracy in detecting and evaluating screening matches during Know Your Customer (KYC) processes. The solution results from Accuity’s acquisition of Safe Banking Systems in July 2018 and has been optimised through integration with WorldCompliance data. Rather than leaning on manual processes and managing an abundance of false positives, the Firco solution applies AI techniques to potential matches produced by screening systems and includes a scoring methodology that calculates the probability of a match being correct and evaluates how material the risk is to the business.

Related content

WEBINAR

Upcoming Webinar: How to deliver a 360 view of your customers using next-generation managed data services

Date: 25 September 2019 Time: 10:00am ET / 3:00pm London / 4:00pm CET. Customer data is king, with organisations across the financial sector striving for a complete view of the data. If you can achieve this, you can take a data-driven approach to decision making whether in obtaining better behavioural insights, offering personalised products, handling...

BLOG

KYC Global Launches World’s First Risk-Based Customer Screening Solution

KYC identification specialist KYC Global Technologies has launched a new batch screening tool for customer identification, which it claims to be the first in the world to offer a 3D risk-based approach. In addition to customising how the searching of a customer’s name and meta-data should be carried out according to the customer’s risk profile,...

GUIDE

RegTech Suppliers Guide 2019

Welcome to our brand new RegTech Suppliers Guide. This unique guide provides detailed data profiles on close to 100 suppliers in the RegTech world, offering you an unrivalled selection of solutions for your most pressing financial regulatory challenges. The aim of the A-Team’s RegTech Suppliers Guide is to steer you through this complex marketplace, offering...