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 highlighted.
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.
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
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.”
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?
Faster
Through intelligent, explainable AI, the research heavy-lifting is done at speed and at scale by machine, often enabling straight through processing
Better
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
