If your automated screening solution has limited configurability or an incomplete range of fuzzy matching options, you’re probably having to broaden your match options widely to ensure that you’re not missing threats within your customer list. The unwelcome consequence will be that you’ll also suffer the pain of large numbers of ‘false positives’: potential matches which need further, manual investigation. In some cases, systems even fail to record these incorrect matches which mean that they will be returned on each screening run, significantly denting the benefit of using an automated system in the first place.

If you have more than a few thousand customers, the costs of maintaining a compliance team large enough to handle the false positives generated by an automated system can be significant, and should be factored into the running costs when analysing return on investment.

Datanomic’s dn:Director for Sanctions & PEP Screening’s is a next-generation solution, and its comprehensive range of fuzzy matching options, extensive configurability and exceptional matching accuracy all combine to minimise false positives to an easily-manageable level. It is not uncommon for the reduction in the number of false positives to be as high as 70% when compared with other automated solutions. This reduction allows headcounts to be kept to a minimum and provides compliance team members with more time to spend investigating those matches which represent a genuine threat to the organisation.

To find out more about how dn:Director Sanctions & PEP Screening can reduce the cost of compliance, simply complete the enquiry form below.