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relevancy compliance support |
Comprehensive monitoring of international commercial and personal networks for efficient compliance management
Financial institutes are increasingly confronted with stricter frameworks of legal conditions and the pressure of the public: all financial transactions or the opening of accounts must be critically examined and clarifications must be made in order to protect themselves against economic criminals. The increasing intermeshing of the international financial centres has resulted in an increasing complexity of commercial and personal networks. International names with varying transcriptions make the search for company and personal names and their relationships additionally difficult and time-consuming. Intelligent solutions are required that facilitate the matching between external information and internal databases and that guarantee that all information and relationships will be found. |
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relevancy compliance support indexes all required sources, such as internal customer databases, external databases (for example, the CIA Factbook or the Federal Commercial Register) and news streams (for example, the Lexis-Nexis database) and makes an automatic, specific matching in order to identify persons or to find networks.
The context-sensitive language analysis guarantees that both well-known and up-to-now unknown names of persons and companies will be found, regardless of the language involved. The fuzzy search ensures a problem-free handling of spelling variants, in particular in the case of transcribed expressions or names.
Alert functions immediately inform the respective customer consultant if current data contains critical information, which will enable him to immediately carry out for further clarifications.
relevancy compliance support is based on Eurospider’s powerful relevancy software.
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