ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

AML Watcher, An Emerging RegTech Solution, Introduces Biometric Screening for 0% False Positives

Delaware, US – May 8, 2024 – AML Watcher has successfully tackled the industry’s most pressing challenge – ‘false positives’ – with the introduction of AML biometric screening.

AML Watcher is the pioneer in advancing AML screening practices for high-stakes companies. AML Watcher proprietary face dataset with a sophisticated face-matching algorithm is the world’s first AML solution supporting face biometric search. Users can simply upload an image of a subject and AML Watcher scans the face dataset of watchlists, sanctions lists, and PEPs to find and match the subject’s face. An exact match is displayed if the individual is present in any of the databases, thus lowering the false positive rates to zero.

Compliance officers have to bear a manual workload due to false positives in their screening system. Despite every other provider’s claim that their screening system reduces false negatives to near zero percent, the world has yet to witness any substantial benefits and operational efficiency supporting their claims.

However, in the case of AML Watcher’s proprietary biometric AML screening, clients can experience 0% false positives first-hand and leverage benefits with no false negative risks due to linguistic, phonetics, and proximal name-matching variations. Thus, not only do clients now experience less manual workload, but they are also more confident in their decision-making due to the extensivity of the company’s AML coverage.

“We are happy to announce that AML Watcher is making an advancement by introducing biometric screening to empower compliance officers in the fight against financial crimes like money laundering,” said Kristina Zakharchenko, VP of Sales at AML Watcher.

“To counter the major challenges of AML screening, the tool of face biometric screening greatly solves the problem. This tool has revolutionized the conventional AML practices and put an end to the confusion caused by baseless technological claims,” Karim Muhammad, Marketing Manager of AML Watcher.

AML Watcher is also offering a limited offer to straight up reduce your current AML provider’s cost by 50%. Get in touch with us now to avail the offer and experience double the value with half the cost.

About AML Watcher 

AML Watcher is a reg-tech solution that offers global coverage of domestic and international regulations. With over 200+ Sanction Regimes, 1300+ watchlists, multi-tier PEP screening, International Leaks database, and corruption indexes, AML Watcher meets diverse screening requirements across 235+ countries. Advanced matching technology enhances accuracy and decision-making. AML Watcher sets industry standards with simplified, user-friendly control across multiple dimensions of AML screening.

Contact Information

Karim Muhammad
Marketing Manager | AML Watcher
Email: marketing@amlwatcher.com
Location: 8 The Green #16077 Dover, DE 19901

The post AML Watcher, An Emerging RegTech Solution, Introduces Biometric Screening for 0% False Positives appeared first on Press Connect.

Recent Quotes

View More
Symbol Price Change (%)
AMZN  233.22
+4.06 (1.77%)
AAPL  278.85
+1.30 (0.47%)
AMD  217.53
+3.29 (1.54%)
BAC  53.65
+0.66 (1.25%)
GOOG  320.12
-0.16 (-0.05%)
META  647.95
+14.34 (2.26%)
MSFT  492.01
+6.51 (1.34%)
NVDA  177.00
-3.26 (-1.81%)
ORCL  201.95
-3.01 (-1.47%)
TSLA  430.17
+3.59 (0.84%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.