When carrying out Know Your Customer (KYC) screening, a challenge many organisations face is developing a robust and thorough adverse media screening process. In this article, we take a look at tips 1-3.

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.

smartKYC’s contribution to the due diligence industry results in awards across several disciplines, including technology, AI and ESG.

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).

Dispelling The Fog & Mystique Surrounding AI

Earlier this month, Dermot Corrigan (CEO, smartKYC) and Hugo Chamberlain (COO, smartKYC) hosted a webinar in partnership with ACAMS. ACAMS is the largest global membership organization dedicated to fighting financial crime.