HotScan - Logica's real time watch list filter

By providing online enquiry and batch filtering of names, addresses and other biographical details, HotScan also supports you with account opening and Know Your Customer (KYC) procedures. This means you can carry out risk assessments against terrorist lists, sanctioned entities, politically exposed people and other risk groups.

HotScan is designed to reduce your risk by:

• Thoroughly checking all data in every transaction against the configured watch lists.

• Automatically scanning all types of payment and administrative messages, including SWIFT, Fedwire, CHIPS, CHAPS and Telex.

• Searching all data to highlight deliberate attempts to disguise matches using finely tuned algorithms.

• Ignoring insignificant common words when assessing a match, thereby improving accuracy and reducing false-positives.

• Easily integrating with different host systems, meaning minimal interruption to message flow while performing effective scanning. It is a certified plugin to SWIFTAlliance Access, has MQ and TCP/IP interfaces.

• Providing added security with a complete audit trail on each message, together with 4-eye verification and supervisory approvals.

For more information contact us at GlobalProducts@logica.com