AI-enabled technology to automate third party risk intelligence collection and to identify and contextualise opportunity
If you work in compliance, KYC, or financial crime, you will encounter the terms Source of Wealth (SoW) and Source of Funds (SoF) repeatedly — often in the same breath. They sound similar. They are not the same. Conflating them is one of the most common documentation errors made during enhanced due diligence reviews, and it is the type of error that draws regulatory attention.
Read MoreSource of wealth verification is one of the most scrutinised areas of AML compliance and one of the most commonly done wrong.
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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.
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.
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