Intelligent AssessmentIntelligent Assessment

AI-driven negative media screening and query capabilities for financial institutions and their clients

Our Intelligent Assessment solution provides AI-driven negative media screening and query capabilities that allow financial institutions to screen their clients for adverse media with previously unimaginable precision. By using AI, our solution continually screens for negative media, entities and their previously undisclosed relationships in addition to uncovering true beneficial ownership. Our solution continually aggregates and accumulates risk-related information around each client. For one of the leading global banks,we reduced false positives by 80% and discovered 20% more true positives.

Until recently, understanding customer risk has been relegated to KYC processes that relied on periodic risk assessments and semi-annual enhanced due diligence reviews. These processes used labor intensive information-gathering tasks and manually-intensive risk assessment functions. Neither are these steps effective or efficient.

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The opportunity

The opportunity to automate and augment the customer risk assessment process had been hindered by technological limitations and fragile rules based compliance and risk management systems.

AI is changing the customer risk assessment function. Because AI is underpinned by the idea of automation and augmentation, and with the maturation of machine learning models, customer risk assessment can now be achieved on an ongoing basis.

Our Intelligent Assessment solution provides the continual customer risk information, making it possible to automate the following financial crimes and compliance functions:

  • AI-Driven Negative Media Query Capabilities
  • Customer Risk Aggregation & Segmentation
  • Automated Legal Registration Verification
  • Beneficial Ownership Discovery
  • Continual KYC
  • Our Intelligent Assessment
    solution offers:

    • High-precision Entity Extraction and Matching, reducing false positives for identifying the right individuals and Legal entities
    • FCC-compliant and tailored risk models surface the right type of risks, “automatically discounting” irrelevant hits
    • Automated AI-driven Negative Media screening from 20,000+ global news sources
    • Fully integrated to Entity profile with continuous screening and risk ranking
    • FATCA aligned risk topic models, providing complete negative media risk screening coverage

    A single view

    With a single view of customer risk, that is compliance focused and continually updated, Merlon clients benefit from an AI-driven customer risk assessment solution that is designed to continually understand customer risk, aggregate customer risk through a centralized customer risk repository, and feed down- stream systems that need a clear and accurate customer risk assessment rating in order to perform monitoring and investigations processes that take place throughout the financial crime and compliance functions.

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