Payment Screening by AMLYZE ensures regulatory compliance by screening all payments, including counterparty names, payment details, ultimate debtor/creditor names, and Bank Identifier Codes (BICs). AMLYZE's platform is built on a robust big data architecture, enabling the seamless processing of hundreds of millions of transactions. This allows organizations to swiftly improve their AML/CFT defenses. AMLYZE's highly accurate algorithm significantly reduces false positives, improving customer experience and sanctions compliance. Users can choose the lists they want to screen against and combine payment screening with other AMLYZE tools for maximum efficiency and effectiveness. The solution integrates seamlessly with existing systems for complete compliance and offers customization of over 40 parameters to tailor the solution to specific needs. AMLYZE's advanced algorithms and extensive data sources achieve unparalleled accuracy with less than 1% false positive rate. The solution automatically stops payments when counterparty details match potential sanctions, ensuring robust compliance and security. Users can set different screening thresholds for potential sanction hits and negative media hits, benefiting from a sophisticated matching algorithm that ensures accurate counterparty name and country matching, minimizing false positives and improving compliance.
