What Happens in Vegas Doesn’t Stay in Vegas: Money20/20 Highlights Open Banking and Instant Payments
Returning from Money20/20, it’s clear that the future of finance is rapidly evolving - a breakdown of takeaways from this year’s event.
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Precision Driven by Integration and Dynamic Risk Assessments
Most companies monitor adverse media for their customers, employees, or suppliers only at the time of onboarding them into their ecosystem, providing only a snapshot in time. Moreover, the results of such screenings are often fragmented and do not communicate with other tools for screening watchlists, PEPs, or sanctions. Determining risk becomes more complex as one brings geographical variables, languages, products, and extended relationships into account, which uncovers the real risk of doing business with the person or entity.
FinScan Media overcomes this challenge by connecting adverse media screening with other screening processes (such as sanctions, PEP, other watchlists), and customer risk ratings and makes it more dynamic and tailored to your specific risk profile – enabling you to take a more holistic, proactive, and risk-based approach in customer screening. In addition, the results of these screenings can be integrated with customer risk assessments, enabling the required risk-based approach.
Faster and More Accurate Access to Negative News
FinScan Media helps protect organizations from reputational risk and regulatory fines by screening adverse media for high-risk customers in real time. Leveraging powerful AI tools, the solution assesses risk throughout the process of onboarding and ongoing transactions from suppliers, customers, and employees.
AI-driven
AI-driven curation of massive published data sources .
Reduced risk exposure
Granular risk typologies specific to your business such as Drug Trafficking, Child Abuse, and Tax Evasion.
Robust documentation
Comprehensive documentation of adverse media screening from no results to high risk.
Tailored to you
Precise tuning of adverse media and risk categories.
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