Author: Hugo Chamberlain
A Brief History of Adverse Media Screening
Adverse media screening dates back several decades and has evolved alongside the changing media landscape.
Structuring the Unstructured: The Challenges of Screening Open Source Intelligence
KYC (Know Your Customer) screening is an essential process for businesses to identify and verify their clients’ identities as well as surfacing any potential risks associated with them. This process helps mitigate the risk of financial fraud, money laundering and other illegal activities by following KYC regulations. The information gathered during KYC screening can come from various sources, including both structured and unstructured data sets; processing these data sets presents several difficulties that businesses must overcome.
GDPR and KYC – Living Together in Perfect Harmony?
The General Data Protection Regulation (GDPR) and Know Your Customer (KYC) screening are two important regulatory frameworks in the world of data protection and financial services. GDPR and KYC screening can conflict in several ways, particularly in relation to the collection and storage of personal data. However, it is mandatory for organizations to comply with both by carefully balancing the requirements of each and taking appropriate measures to protect personal data.
Negative News Screening: Processing Foreign Languages
As we addressed in our latest adverse media post, there is an array of categories—and subcategories— of negative news screening that need to be properly screened for accurate and relevant results. But how do people look for and analyse adverse media in foreign languages? And why is this still so difficult?
smartKYC Comment on the Wolfsberg Principles for Using Artificial Intelligence and Machine Learning in Financial Crime Compliance
On 1st December 2022, the Wolfsberg Group published its Principles for Using Artificial Intelligence and Machine Learning in Financial Crime Compliance. It is a welcome piece of commentary and advice and is inline with our thinking at smartKYC.
smartKYC Wins ‘Best Proposition for AI, Machine Learning’ at the Data Management Insight Europe Awards 2022
We have won the award for ‘Best Proposition for AI, Machine Learning’ at the Data Management Insight Europe Awards!
smartKYC Wins ‘Best Financial Crime Solution’ at the RegTech Insight APAC Awards, 2022
We have won the award for ‘Best Financial Crime Solution’ at the RegTech Insight APAC Awards!
What is Adverse Media? No, we don’t mean another definition…
It is well known that ‘adverse media’ screening is the process of searching for negative news and other data sources about an individual or company for due diligence purposes.
smartKYC Wins ‘Best ESG KYC Surveillance Provider’ in ESG Insight Awards 2022
We are honoured to announce we have won the award for Best ESG KYC surveillance provider at the ESG Insight Awards 2022!
Automated Enhanced Due Diligence Using AI
Historically, and still in many instances, Enhanced Due Diligence was exclusively a manual process using human intelligence, but with the advent of real world uses of artificial intelligence and other innovative technologies, more and more firms are using tools to automate their EDD processes as much as possible.
smartKYC wins ‘Best Know Your Customer Solution’ in RegTech Insight Awards – Europe, 2022
We are very honoured to announce that smartKYC has won the award for ‘Best Know Your Customer Solution’ at the RegTech Insight Awards – Europe, 2022.
smartKYC are the winner of the Explainable AI Award 2022
We are very pleased to announce that we have won in the Computing Awards for the third year in a row, this time in the category of ‘Explainable AI.’ These prestigious awards recognise the best companies, individuals and projects in the AI space today.