Accuity

Our Services

Services for compliance with global AML regulations:

False Positive Reduction

Provides a comprehensive review of your AML compliance screening processes and delivers actionable recommendations to reduce the number of false positive matches.

Data Cleanse

A service that addresses underlying data issues before screening begins, providing comprehensive review, direct recommendations, and a one-time cleanse of your data files.

Screening Alert Report Service

A consolidated bi-weekly report of the latest caution list updates from regulatory agencies around the world with recommended screening rule changes.

Transaction Monitoring System Optimisation Assessment

A thorough analysis of your Transaction Monitoring Systems to identify risks, reduce false positives and fine-tune key components for improved quality and efficiency.

Mobile Payments Compliance Assessment

A detailed review and gap analysis of your current AML/KYC processes for Mobile Payments, including a report containing specific recommendations and best practices for implementing any necessary procedural enhancements to meet compliance mandates.

Services for improving Payment STP:

Payment Straight Through Processing Analysis

A detailed investigation of your organization’s payment data and processes to identify written, actionable recommendations for improving payment STP rates.

Custom Software and Data Solutions

Offers deployment and customization of software applications as well as configuration and management of Accuity data solutions designed to fit your processes and back end systems.

False Positive Reduction business assessment

Fine-tune your existing caution list screening program to minimize false positives and maximize its efficiency.

Our subject matter experts can review your screening processes and provide a gap analysis which clearly outlines ways to reduce unnecessary false positives. Implementing the recommended changes will streamline your processes, reduce the number of false matches, and allow you to focus on true matches.

Identifying cost and time saving measures

To identify ways for reducing the time and cost involved in your current false positive review program, Accuity’s Professional Services Group (PSG) will meet with the key operational and compliance employees involved in your screening processes to review:

Applications, databases and data sources that generate the information currently being screened.
A statistical review of screening matches.
An analysis of false positive and technical rules and their impacts on the overall match rates.

After this review and analysis, Accuity will offer written, actionable recommendations to help you deliver a reduction in overall disposition time for account screening and improved back office productivity. As part of the analysis Accuity will provide you with:

Documented alternative false positive reduction techniques.
False Positive rules.
A closeout report and PowerPoint presentation showing Accuity’s analysis and review.
Next steps on how Accuity can help implement proposed solutions within your organization.

Working with an established partner

Accuity has been able to provide our clients with significant savings and efficiencies by improving processes and reducing false positives hit rates:

A large U.S. Regional Bank saw a reduction of false positives by more than 70% after 150 recommended rules were implemented.
A European Bank saw a reduction of false positives by 55% with the deployment of 75 new rules and implementation of more efficient processes.
A Tier 1 Global Investment Bank experienced a reduction in false positives of more than 60% following a two-phase engagement.

Global presence, local performance

Accuity’s Professional Services Group provides services and solutions for clients around the globe by delivering local presence and subject matter expertise. We have recently helped banks and corporates in the following locations:

Complete the form on the right of this page for more information on our False Positive Reduction services.

Data Cleanse Service

Effective anti-money laundering (AML) and know your customer (KYC) screening requires the highest possible data quality for maximum operational efficiency and lowest achievable risk. For firms operating with poor quality data or account files not as complete or as accurate as they could be, more false positives and a higher risk of not identifying true matches can occur. As a result, sanctions screening efficiency can be compromised. Accuity’s Data Cleanse Service addresses underlying data issues before screening even begins, leading to significantly improved results.

Accuity Delivers the Right Solution for Your Data

Accuity's Data Cleanse Service is a "pre-process" step that leverages our unparalleled data and screening expertise to improve your entire sanctions screening process. With every engagement, Accuity can provide a wide range of potential solutions based on your current data quality:

A comprehensive review of your firm's current data with a written report outlining issues, risks and operational impact with an actionable approach to improving data quality.
Direct recommendations highlighting the right technology solution that you would use for automated data cleansing.
A one-time cleanse of your data file creating an output file of corrected and rationalized data to be used in the screening process.
A complete engagement where Accuity would assist in implementing the recommendations within your organization as part of your overall sanctions screening process.

The following table shows examples of data issues that can lead to poor screening results:

Data Cleanse Table - 650 px wide

Cell A2 has two names.
Cell A4 shows a company name, "Williams Company", where the other records in that column indicate individual's names.
Cell B1 references an address inconsistent with other data in the column.
In column H, "United States" is spelled out in different ways.
In row 3, the Address data lists "Koln" as Address3, "Austria" as the City and "Australia" as the Country. Clearly this is not correct information.
Additional data errors and inconsistencies not detailed above are shown in red type.

Better Data Saves You Time and Money

The value of this service is based on the reduction of matches that need to be reviewed as a result of improving the quality of the data being screened. A sample savings calculation is shown in the following table:*

Data Cleanse Calculation - 650 px wide

* Based on historical data reviews. Individual firm’s results will vary.

Interested in learning how better data can improve your screening operations?

Complete the form on the right of this page to request a free data assessment or for more information on our Data Cleanse Service.

First name:*
Last name:*
Phone Number:
E-mail address:*
Job title:
Country:
Company name:*
Product Interest: