With changing transaction patterns due to COVID-19 and increasing transaction volumes due to the shift towards digital payments, financial institutions are finding it increasingly necessary to increase consistency across their global sanctions screening programs. While having consistency within the process of matching customers and transactions to watchlists is an obvious necessity, an often overlooked area for improvement is operational processes.
This webinar will discuss how financial institutions can optimize their sanctions screening operations so that compliance analysts can make good decisions while maintaining standards, supervisors can quickly identify and resolve bottlenecks, and financial institutions can better manage their sanctions risk.
The Key Take-Aways
How to set appropriate benchmarks for success
What an optimized user experience looks like in a sanctions screening system
The best areas to target for process automation, including alert prioritization and assignment, case narratives, and case comments
How to begin to seamlessly capture high quality label data, thereby laying the foundation for machine learning
This Webinar is in Partnership with
ORACLE FINANCIAL SERVICES
Oracle Financial Crime and Compliance Management: Protect the Integrity of Your Financial Institution
For over 20 years, our mission has been to create a safer world. We help financial institutions fight money laundering and achieve compliance with the industry's most effective and efficient suite of end-to-end anti-money laundering solutions, backed by unrivaled data management, advanced analytics, and a powerful platform.