Screen transactions to entities found on internal and external watch lists
with the fewest amount of false positive alerts
Transform your
transaction filtering
processes
BAE Systems
match exclusion technology
BAE Systems named "Category Leader"
in Chartis Financial Crime Risk Management Systems:
Chartis AML & Watch List Monitoring 2019 vendor landscape report
Chartis AML & Watch List Monitoring 2019 vendor landscape report
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Discover what the NetReveal Transaction Filtering Solution can do for you
Financial institutions are responsible for screening payments that could trigger hits against sanctions watch lists. They must screen cross-border international payments, but also more and more domestic transactions against internal, public and commercial aggregator lists to comply with local or international regulations.
Financial institutions are spending more time, money and resources investigating false positives as transaction volumes and worldwide cross-border money transfer activities increase. Missing an alert that is a true positive can have severe regulatory and reputational consequences if the transaction is not stopped.
Pinpoint transactions to entities
on watchlists quickly
Screen payments with NetReveal Transaction Filtering to meet requirements with a packaged, configurable, risk-based approach for watchlist investigators to facilitate regulatory reporting, transaction interdiction, and asset freezing. Compare attributes of the person making the payment, or attributes of the person receiving the payment, against attributes of known persons or entities that are maintained in watch lists.
Scalable global regulatory compliance
2021-certified application includes protocols for any message type, including SWIFT MT and MX, ACH, and FedWire. Full support for ISO-20022
Realise up to 83% reduction in false positives
Achieve up to an 83% decrease in false-positives your investigators have to review using our Match Exclusion technology. Our advanced algorithms reduce false positives on average by 40-60%
Look beyond the matches
Intelligent Event Triage for NetReveal Transaction Filtering combines human and machine intelligence. Alerts are auto hibernated or escalated. The escalated ones are automatically enriched (using existing information) and their priority determined to make the most of an investigation team. Advanced post processing looks beyond the name match and into the context, history and risk of the transaction.
Increase detection accuracy
Synonyms and Weighted Words further reduce false positives and increase detection accuracy. Associate lists of words (nicknames, similar terms, financial terms) detect more variance and focus on what is important (weights).
Flexibility to enhance scenarios
Achieve higher accuracy and better false positive performance using our Build Your Own Algorithm feature. Users can use our standard algorithms as a basis to create their own, matching their data and their specific use cases.
Identify entities with
purposely altered names
Identify entities with
purposely altered names
Concatenated fuzzy name matching algorithm strengthens detection levels. Receive alerts on sanctioned entities or persons that have intentionally included too many or removed spaces to avoid detection by screening systems.
Maximise screening
model efficiency
Maximise screening
model efficiency
Our Versioning feature allows users to adapt detection configurations easily and find what works. Investigators can store multiple versions of a detection configuration in the model repository then choose the model to deploy for screening.
Integrated view of
risk history
Anti-stripping enables your investigators to screen alerts against previously blocked payments
Factor in market
implications
Currency cut-off prioritises currency based on market to enable legitimate transactions
Capitalise on real-time and batch processing
Supports 350+ global watch lists and performs advanced screening against millions of watchlist entries. Send payments to our system through JMS, SOAP, REST, HTTP or Kafka and get the responses typically well under 40 milliseconds.
Deliver batch files or link your payments database for fast batch processing.
SWIFT-Certified Solution Provider for 10+ years
View full details of our SWIFT Certified Application on the SWIFT website