Enhance the accuracy of your matches so that you can focus on the real risks.
Every compliance department grapples with the question, "How can I lower my false hit rate?"
Front-ending your screening process with an AML-specific data quality solution will increase the accuracy of your matches as well as significantly reduce your review efforts. Additionally, it can provide you with a comprehensive view of your customer records when reviewing your hits to better support your due diligence efforts.
With our AML data quality solution you can:
FinScan's data quality for AML solution begins with a complete Data Quality Assessment.
Our Data Quality Assessment is a valuable diagnostic tool for risk management and regulatory compliance departments that are looking to improve their processes and make them more efficient. Through this diagnostic service, organizations can see that feeding cleaner data into their screening solutions can dramatically lower their false positive rates, which will ultimately result in a significant reduction in review time, resources, and costs.