Global Watchlist Screening with Monitoring

Assurance for today’s complex and dynamic sanctions environment

Unlock precision and efficiency in your sanctions screening and customer risk management with Socure’s AI-powered Global Watchlist Screening with Monitoring.

Legacy watchlist solutions expose your business to compliance risk

Traditional approaches may check the box, but their inaccuracies result in high operational costs and risk of regulatory enforcement.

Protect against financial crime and money laundering

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20% more accurate than traditional approaches

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30% fewer false positives than legacy solutions

Manual-Review

75% reduction in manual review time

Mainstream

60% reduction in staffing and resource costs

Key Benefits

1-Highest-Standards-of-Compliance

Highest standards of compliance

Highest standards of compliance

Prove accurate matches with novel entity risk scoring that withstands regulatory scrutiny

2-Focus-on-the-risk-that-matters

Focus on the risk that matters

Focus on the risk that matters

Eliminate irrelevant alerts that waste time and resources

3-Streamlined-manual-reviews

Streamlined manual reviews

Streamlined manual reviews

Achieve rapid disposition of matches with automated, intuitive case management

Socure’s AI-powered Global Watchlist Screening with Monitoring delivers unrivaled accuracy and automation

Leveraging AI and machine learning, Global Watchlist Screening with Monitoring ensures precise matching and streamlines compliance processes for organizations navigating today’s regulatory complexities

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Complete end-to-end watchlist solution for screening, monitoring, and risk management

Effortlessly screen, monitor, and disposition your customers in real time against sanctions, enforcement lists, politically exposed persons databases, adverse media information, and your own custom lists.

Industry-leading accuracy

  • Hyper-advanced machine learning technology delivers unmatched accuracy reducing false positives and false negatives
  • Precise matching even with nicknames, unintentional concatenation or splitting of names, names with titles and honorifics, phonetically similar names, or transliterated names
  • True high-risk entity identification with advanced entity resolution, profile matching, and correlation scoring
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Uninterrupted sanctions compliance

  • Real-time alerts to customer status changes that ensure compliance
  • Daily OFAC, PEP, and adverse media list updates
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Optimized to specific business requirements

  • Configurable sanctions and risk tolerances to meet organizational requirements
  • Noise reduction with granular control of categories, sub-categories, and specific lists to screen against
  • Seamless integration of custom watchlists for known good and bad actors
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Innovative profile matching

Industry-leading two-stage scoring system harnesses proprietary machine learning technology to provide unparalleled certainty that the individual in question is the correct match.

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Robust name matching

Robust name matching

Customer submitted PII is matched against selected watchlists within your defined risk parameters

Classification

Advanced entity resolution

Advanced entity resolution

Returned matches are intelligently grouped into comprehensive entity profiles enriched with supplementary information

Correlation

Definitive correlation scores

Definitive correlation scores

Each PII element is scored to elevate the correct entity, proving a match while eliminating false negatives

Effortless case management

Replace tedious manual processes with a single tool for rapid disposition of matches. Generative AI enables entity resolution, contextual information, explainability for audits and a recommended course of action.

Challenges_-False-Positives

Automate case generation and assignment

Automate case generation and assignment

Automatically create and assign new cases to expedite review and disposition, reducing your exposure to risk

Reduce-chargback-losses

Prioritize critical cases

Prioritize critical cases

Ensure review of most critical cases first, such as OFAC, and designate four-eye review where required

Predictive-analysis

Available one-step workflow

Available one-step workflow

Enable analysts to fully disposition cases, or choose traditional two-step supervisor review for final approval

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Extensive proof for audits

Extensive proof for audits

Capture every action during review process, input PII with returned profile match, analyst/supervisor comments, and GenAI explainability for reviewable context of decisions

3 available tiers of service

Focus on the coverage relevant to your business, with complete control of selected lists and matching criteria

Standard

Robust global coverage to meet your core compliance needs

  • OFAC SDN and consolidated lists
  • Other global sanction lists from US, Canada, UK and EU such as UN consolidated, EU sanctions, UK HMT and US Department of State lists
  • Enforcement lists, including FinCEN Money Laundering Concern List
  • US OIG Exclusion List
  • HIDTA, HIFCA
  • Custom list

Plus

Increased diligence for sanctioned or exposed individuals

Standard tier in addition to:

  • Domestic and International -Politically Exposed Persons (PEPs), Tiers 1-4

Premier

Confidence to do business nearly anywhere

Standard and plus tier in addition to:

  • Global adverse media information for individuals and entities

Resources

Fact Sheet

Experience hyper-accurate watchlist screening that proves a correct match.

Blog

Unlocking Precision and Efficiency: Introducing Socure’s AI-powered Global Watchlist Screening with Monitoring Solution

eBook

How to Evaluate a Global Watchlist Solution: A Guide for Financial Institutions

Let us prove it.

Achieve a higher standard of compliance, enable scale and reduce your operational costs. Speak to one of our compliance experts to learn more.