smartEYE – 24/7 risk vigilance: the ultimate defence
smartEYE offers a perpetual adverse media screening solution that intelligently scans for adverse media in real-time.
Using advanced multilingual NLP technology, nothing is missed but at the same time, only the most relevant information for your world is
smartEYE represents the ultimate defence against risk with a continuous system that monitors vast amounts of unstructured data such as web pages and news to deliver pertinent, real-time alerts.Book a demo
Why do banks need smartEYE?
Many banks are now looking to transition from periodic KYC reviews of existing customers to a more dynamic model: perpetual KYC.
The aim of perpetual KYC is to replace interval-based rescreening cycles with 24/7 risk vigilance.
Instead of the compliance function having to go look for material changes or red flags at defined times, with perpetual KYC, alerts are sent to the KYC function immediately for review.
But with so many millions of news items generated every day, from thousands of sources and in multiple languages, how can you be sure to receive need-to-know alerts rather than irrelevant noise?
Our latest product, smartEYE, solves all of these problems
What does smartEYE do?
- Processes information in 16 languages to produce optimal results
- Achieves 24/7 risk vigilance
- Monitors and filters 4 million articles per day
smartEYE watches your world
- Relevant, real-time alerts of emerging, material risks
- Precise name matching to client files
- Truly multilingual coverage
- Minimal news repetition
The benefits of using smartEYE
- Take prompt action to avert a potential threat
- Be alerted to emerging risks that watchlist might be slow to find
- Includes ESG risk screening with alerts about new ESG misdemeanours
- Satisfy the due diligence expectations of regulators
“With smartEYE, financial institutions get risk-relevant, real-time alerts about their customers that allows them to act decisively and quickly. Compliance teams no longer have to wait for a periodic refresh cycle. Instead, they receive adverse media trigger events in the form of precise alerts, as that news breaks. smartEYE represents the ultimate solution for perpetual KYC risk monitoring.”Dermot Corrigan, CEO, smartKYC
Book a demo of smartEYE
The smartKYC enterprise-grade platform is designed to make the whole spectrum of KYC due diligence, from IDV to EDD, faster, better and more cost effective. How?
Through intelligent, explainable AI, the research heavy-lifting is done at speed and at scale by machine, often enabling straight through processing
By reducing the risk of human error, especially in the handling of foreign language material. Every line of every source, regardless of structure or means of access, is analysed
More cost effective
Resources can be moved away from labour-intensive, ‘mechanical’ processes like searching and reading documents, many of them highly repetitive or ambiguous, to tackle more productive tasks