Firco Automated Alert Reduction applies AI techniques to the hundreds of thousands of potential matches produced by a financial crime screening system. Its patented scoring methodology calculates the probability that a match is correct, and evaluates how material the risk is to the business. The most relevant hits are flagged for immediate attention, based on the organisation’s individual risk appetite and compliance policy. Results are fed back into the screening cycle continuously, allowing the statistical model to adapt and become more intelligent as it gathers information.
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