Watch-list Screening Optimization
Being able to identify client risk and complete comprehensive Customer Information Profiles (CIPs) as part of Know Your Customer (KYC) compliance programs includes a number of activities and approaches, all of which rely on the ability to accurately identify the party in question and apply referential information to measure customer risks and management relationships accordingly.
Oxonia assisted a rapidly growing, market leading firm assess and enhance accuracy during the watch-list screening process.
Oxonia oversaw our client’s efforts to develop and implement “fuzzy logic” matching criteria for
sanctions
politically exposed persons (PEPs)
adverse media screening.
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End Result
By reviewing existing token-matching logic and techniques, and researching sophisticated “fuzzy logic” matching, such as Levenshtein edit distance, and layering both name and non-name matching attributes exposed to these matching algorithms, our client was able to significantly improve matching results across multiple languages, reducing both false-positives and false-negatives.
