Name Screening
DetectX® Name Screening distinguishes itself through its advanced AI-driven pattern recognition, which ensures precise identification of high-risk individuals and entities while significantly reducing false positives.
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DetectX® - Cutting-Edge AI for Advanced Name Screening
DetectX® enhances your compliance capabilities with an intelligent Name Screening solution that quickly identifies high-risk individuals, entities and relationships between them. By leveraging advanced AI search and matching algorithms on global data sources, DetectX® ensures your organisation remains compliant with international regulations, protecting your reputation and assets.
With increasing regulatory scrutiny, organisations must efficiently screen names and assets against extensive lists of sanctioned individuals and companies, Politically Exposed Persons (PEPs), and adverse media. DetectX® Name Screening improves accuracy and outcomes, by automating this process, minimising false positives and ensuring accurate identification of potential risks. Through continuous updates and real-time monitoring, DetectX® empowers your compliance team to stay informed and act swiftly.
Unmatched Accuracy
Neutral benchmark tests have proved that DetectX® Name Screening has the best quality results with the highest detection rates and minimised false alerts.
Up to 98% reduction of false alerts and up to 100% success in detection of true positives.
Return on Investment
DetectX® Name Screening delivers benefits that support a strong business case with a remarkable ROI compared to other Name Screening solutions.
Why Choose DetectX® Name Screening for Compliance and Risk Management?
DetectX® stands out by delivering precise and efficient name screening with its advanced text analytics and similarity score results summary, reducing false positives while ensuring full regulatory compliance. By integrating Risk Person Screening with White & Watchlisting, PEP Identification, Link Analysis and Adverse Media Checks, DetectX® provides a complete risk assessment, giving your team confidence in making critical decisions.
What Makes DetectX® Name Screening Unique
Advanced Matching Techniques
Employs AI-powered phonetic and fuzzy matching to detect name variations, ensuring accurate risk identification even with inconsistent data.
Seamless Integration and Scalability
Easily integrates into your existing compliance systems and scales as your organisation grows, maintaining consistent performance and accuracy.
Real-Time Monitoring & Volume Batch Processing
Continuously updates and monitors global databases, ensuring your organisation has the most current information for risk assessments.
DetectX® Regulatory requirements and compliance
In the area of Anti Money Laundering (AML), Fraud Detection and Prevention DetectX® products support the internationally recognised and accepted FATF / GAFI recommendations as well as the fulfilment of the regulatory requirements of the Swiss GwG, FINMA-GwV, VsB 16 and KAG on a very high-quality level.
DetectX® solutions are based on precise analytics and support the user in the fulfilment of the MiFID /EMIR requirements as well as the Swiss FinfraG, FidleG, BEHG, KAG and KKG acts, laws and regulations in the areas of risk based customer analysis, product suitability rule and exception handling, market transparency and cross border.
The products also support the qualitative and quantitative regulatory requirements in the areas of BASEL II/III, CRR and CRD IV minimal regulatory capital calculation, liquidity risk analysis (LCR / NSFR), static and dynamic stress testing and simulations, collateral optimisation and many others.