AI-enabled technology to automate third party risk intelligence collection and to identify and contextualise opportunity
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?
Read MoreOn 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.
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We have won the award for ‘Best Proposition for AI, Machine Learning’ at the Data Management Insight Europe Awards!
We have won the award for ‘Best Financial Crime Solution’ at the RegTech Insight APAC Awards!
This article continues with tips 4-6 for better implementing a continuous or high-frequency negative news screening programme.
Adverse media screening, sometimes referred to as negative news screening, is essentially the process of searching an individual or company for adverse news or media relating to them, which can be found in open source intelligence online.
We are pleased to announce the launch of our smartLISTS module. smartLISTS are a better way for financial crime teams to manage and screen against their internal watchlist data.
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.
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.’
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.
Dispelling The Fog & Mystique Surrounding AI
Financial institutions face the challenges of achieving seamless client onboarding and ever evolving regulatory hurdles due to huge work loads, expensive staffing costs and inefficiencies caused by outdated processes and human error.