Advanced name matching to reduce false positives

List Screening & Entity Resolution

A central pillar of any anti-financial crime programme is ongoing list screening; of curated watchlists, official sanctions registers, investigative journalism databases and internal blacklists. Common client requirements include the ability to:

• Harmonise all such sources
• Optimise result sensitivity and specificity
• Pick out identities common to multiple lists

smartKYC’s watchlist screening features include:

1. Appropriate variant generation
   Transliterated, homophonic and orthographic versions of names are among 16 variant types than can be added to any search.
2. Cultural and script-sensitive name handling
   Includes Arabic, Chinese, Japanese and other non-Latin scripts. smartKYC also uses name origin detection to sensitise name handling based on the origin of a name.
3. Adaptable name matching rules
   From full to partial to fuzzy matching of names and dates of birth, clients can define the rules governing name matching.
4. Identity matching
   smartKYC uses all identifying attributes presented at search such as date of birth, nationality and company affiliation to disambiguate an identity rather than use name alone.
5. Configurable scoring rules
   Weightings of identity attributes can be configured according to client policy or preference.
6. Legal entities as well as natural persons
   Legal entities get their own name handling logic.
7. Triangulation across multiple sources to resolve an identity
   Common identities can be formed based on disparate attributes found in multiple sources. An aggregated, enriched profile is created as a result.
8. Using enriched profiles to improve media search accuracy
   Newly discovered identifying information from watchlist sources can be used to make media hits more precise.
9. List management
   Ability to manage multiple internal lists; upload, merge, delete, extract and control access.
10. Batch processing
    Run large volumes overnight or on demand.
11. Monitor
    Continuously monitor watchlists sources and combine with media monitoring in the same application.

Gain further insight into how smartKYC works in reality, read our Case Study: False Positive Elimination Using Advanced Name Handling Technology >>