The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Datanomic Set to Dominate AsiaPac Risk and Compliance Screening Market with Comprehensive Japanese and Chinese Text Matching

Risk and compliance screening and enterprise data management specialist, Datanomic, today announced its intent to dominate the AsiaPac market with the enhancement of transliteration capabilities for its dn:Director for Sanctions & PEP (Politically Exposed Persons) Screening solution through an extended partnership with the CJK Dictionary Institute (CJKI), one of the world’s leading providers of Chinese, Japanese, Korean and Arabic lexical databases.

Following closely behind its announcement on securing as a customer one of the premier financial services organisations in the region – Prudential Corporation Asia – Datanomic’s extended alliance offers financial services companies and other regulated industries located within or trading with the Japanese and Chinese-speaking world an unrivalled ability to match their native language data against global Sanctions and Watch Lists. Already enabling Prudential Corporation Asia to screen up to 15 million records across 11 countries, Datanomic believes that this strategic partnership extension could see its AsiaPac revenues spike as regulatory pressures continue to increase in the region.

At a technical level, Datanomic has integrated CJKI’s database covering approximately four million entries in Japanese and Chinese (both simplified and traditional), including a rich set of grammatical and semantic attributes. CJKI data will be used for Japanese transcription and name recognition in Kanji, Hiragana and Katakana, enabling advanced matching capabilities when matching both Japanese to Japanese (for domestic or in-house lists) and Japanese to Latin names (for global Sanctions lists), both of which are notoriously complex within the screening community. For Chinese, Datanomic uses CJKI data for name variant recognition in conjunction with the company’s own transliteration, ensuring comprehensive match recognition across the various writing systems used to represent Chinese names.

Jonathan Pell, CEO, Datanomic, commented, “AsiaPac is a strategic territory for us and a key part of our global expansion. We’re already securing the biggest names in the financial services market, such as Prudential Corporation Asia. Our explosive growth is fuelled by international legislation in financial services and other heavily regulated industries, such as logistics, and third party supply chain companies. As perhaps the only company able to maintain exceptional matching accuracy whilst delivering such an extensive transliteration capability, we are leading the way in best practice globalised sanctions screening.”

Related content

WEBINAR

Recorded Webinar: Managing culture and conduct: Is your organisation compliant with the Senior Managers and Certification Regime (SMCR)?

The FCA’s Senior Managers and Certification Regime (SMCR) came into play in the UK banking sector in early 2016, with the aim of reducing harm to consumers and strengthening market integrity by creating a system that enables firms and regulators to hold individuals to account – and it is not going away with the FCA...

BLOG

RegTech Summit Keynote Discusses How to Cut Compliance Costs by 15-20%

A-Team Group’s recent RegTech Summit Virtual got off to a cracking start with a keynote presented by Niresh Rajah, managing director and head of data in the RegTech and digital assurance practice at Grant Thornton, and covering everything from the evolution of RegTech 2.0 to driving value out of the technology. An early poll asking...

EVENT

Data Management Summit USA Virtual (Redirected)

The highly successful Data Management Summit USA Virtual was held in September 2020 and explored how sell side and buy side financial institutions are navigating the global crisis and adapting their data strategies to manage in today’s new normal environment.

GUIDE

Regulatory Data Handbook 2021/2022 – Ninth Edition

Welcome to the ninth edition of A-Team Group’s Regulatory Data Handbook, a publication dedicated to helping you gain a full understanding of regulations related to your organisation from the details of requirements to best practice implementation. This edition of the handbook includes a focus on regulations being rolled out to bring order and standardisation to...