Sibos 2015: iGTB launches new sanctions screening tech

Sibos 2015: iGTB launches new sanctions screening tech Transaction banking platform iGTB has unveiled an “artificial-intelligence-empowered” KYC solution called Sanctions Screening at Sibos in Singapore. The solution, which has been designed with financial compliance in mind, incorporates a natural-language contextual search of social media to construct a broader and more accurate view, which the company says goes beyond current KYC methods. “With KYC a primary concern, yet current list-based screening deemed insufficient by regulators, banks must scan search engines, social media and other unstructured and un-auditable sources if they are to accurately identify high-risk clients… In one example, 6% of a bank’s supposedly ‘clean’ names were discovered to be high risk,” reads a statement from the company. “iGTB’s new solution, now live, leverages machine learning, artificial intelligence and other state-of-the-art…


Link to Full Article: Sibos 2015: iGTB launches new sanctions screening tech

Pin It on Pinterest

Share This

Join Our Newsletter

Sign up to our mailing list to receive the latest news and updates about homeAI.info and the Informed.AI Network of AI related websites which includes Events.AI, Neurons.AI, Awards.AI, and Vocation.AI

You have Successfully Subscribed!