Customer Challenge
Reduce false positives in AML/KYC screenings
Understanding the Threat
Lessening risk and labor of regulatory obligations
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DOKS digitizes screening for major financial institutions, bookkeepers, attorneys, and brokers for easing burdensome, high-stakes screening
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Mistakes in verifying UBOs and electronic IDs result in punitive fines and reputational damage. False positives burden clients
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Challenge was to reduce client risk and time needed for regulatory obligations
The Solution
Configurable, transparent match scoring is key
Resolving Customer Challenges
Accurate, multilingual screening enables automation
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Match Identity integrated with existing system for faster, more accurate multilingual screening
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DOKS customers configure thresholds to meet their requirements and balance false positives/negatives
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Match scoring is transparent and explainable to third-party audits
How will you use Babel Street?
Let’s talk about how your organization can benefit from AI-powered data to mitigate risk and maximize your efficiency and decision-making.
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