Cloud-based solution, integrated with industry-leading screening engine, delivers end-to-end capabilities supporting real-time, explainable sanctions decisioning – all on analyst-heralded SAS Viya; one European bank reduced false positives by 65%
, /PRNewswire/ — Data and AI leader SAS in collaboration with technology partner Neterium – a visionary, API-native regtech company – have announced the general availability of SAS Real-Time Watchlist Screening. The cloud-native solution, with scalable offerings for screening entities and payments, combines real-time and batch list screening. Its best-in-class, explainable matching algorithms reduce false positives while also enhancing transparency and confidence.
SAS Real-Time Watchlist Screening has helped Orange Bank reduce false positives by 65%. #sanctions #AML
“The world’s geopolitical landscape is highly dynamic and laden with evolving risks that make real-time insight into entities and transactions critical for banks and other obligated firms,” said Stu Bradley, Senior Vice President of Risk, Fraudand Compliance Solutions at SAS. “SAS innovated this solution with Neterium, melding …