What's new at Strise

PEP & Sanctions Matching: Fewer false positives

Wendy Herbert
June 5, 2023

Fewer false positives? Yes 🥳

Some of Strise's best features don't always make it to the top of an update page. But we want to let you now two reasons why a Strise search yields fewer false positives than any other search.

One of the latest Strise's latest update now extends filters for PEPs by full date of birth (if available), reducing the number of false positives when name and birth years identical. By leveraging full date of birth information, the Strise system can more accurately identify politically exposed people and prevent regulatory compliance issues.

We've also improved how we match subsets with regards to names. Many users received false positives when a the full names of potentially sanctioned people differed from list to list. This often happened if an individual's initial or middle name was, or wasn't, included in a sanction list. Strise takes care of those sneaky changes by being intelligent enough to know when initials or middle names are omitted.

Goodbye, cost centre.
Hello, AML automation

We're entering a new era where AML and compliance teams battle financial crime with top efficiency and accuracy. Financial crime units evolve from an expense to a vital enabler for the organisation. AI powers this remarkable transformation, and it's happening now!

Schedule a Demo Today