Artificial Intelligence involves methods for dealing with uncertain or incomplete information and employs concepts from probability. Powering SAFE Advanced Solutions® is a sophisticated AI engine for batch scanning.
Robust features facilitate entity resolution:
- Advanced name and address matching algorithm based on “fuzzy” logic
- Tolerance for misspellings, alternate spellings, abbreviations and other anomalies
- Various algorithm selections including first name initials and ignore one-word aliases
- Extensive fine-tuning capabilities (e.g., exception lists) to minimize false positives
- Use with different Blocked Entity Lists: government sources, third-party sources and internal lists.
A real-time option is also available for scanning SWIFT messages and payment transactions.