AI-enabled technology to automate third party risk intelligence collection and to identify and contextualise opportunity
Earlier this month, The Wolfsberg Group published its guidance on Negative News Screening (NNS). They “developed this Guidance to assist FIs in establishing their NNS framework in support of Financial Crime Risk Management.”
Read MoreWe are very honoured to announce that smartKYC has won the award for ‘Best Know Your Customer Solution’ at the RegTech Insight Awards – Europe, 2022.
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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.
What is entity resolution and why is it important?
When carrying out Know Your Customer (KYC) screening, a challenge many organisations face is determining whether data refers to the same entity or multiple, different entities. Entity Resolution (ER) is a technique that allows you to know if real-world entities are linked—or not. Once the entities have been determined as equivalent, a common identifier is added, linking the different records. This enables you to create unique customer profiles and avoid duplication.
We are honoured to be finalists in the Computing AI & Machine Learning Awards again this year in the categories of ‘The Most Innovative Use of AI’ and ‘Explainable AI Award.’ These prestigious awards ‘recognise the best companies, individuals and projects in the AI space today.’
ESG is very topical at the moment but there continues to be confusion around the term and what it means for organisations when it comes to risk.
What is Multilingual NLP? Multilingual NLP (Natural Language Processing) is a technology that incorporates linguistics, computer science, and artificial intelligence to process and analyse large amounts of natural human language in various contexts.
One thing that is for certain in 2022 is that globally we can expect to see further AML regulations, particularly in the crypto and digital financial market space. Last year, we saw a key shift in focus to digital financial markets, with the EU’s 6th Anti-Money Laundering Directive (6AMLD) now incorporating virtual asset service providers (VASPs).
An expert opinion piece from smartKYC CEO, Dermot Corrigan
Dispelling The Fog & Mystique Surrounding AI
smartKYC’s sophisticated federated search technology delivers KYC information to you at speed, with precision and in real time
smartKYC’s COO, Hugo Chamberlain, sat down with Computing.co.uk recently to discuss smartKYC winning ‘The Most Innovative Use of AI’ at the Computing Technology Product Awards. We won this award for our False Hit Filtering solution, which through the use of technology and AI, can complete a task that otherwise would have taken a team of 50 over a year’s worth of human labour in just 50 hours.