Traditional fraud detection methods can no longer keep up with modern, adaptive fraud tactics. Predictive analytics offers a proactive solution, allowing businesses to detect fraud patterns in real time, reduce false positives, and safeguard valuable data. By harnessing machine learning and data-driven insights, companies can shift from reactive responses to efficient, preventative fraud detection, saving time, resources, and maintaining customer trust.

Adverse Media Search is a process that involves searching publicly available sources of information to identify negative or adverse news about individuals or companies. This type of search is commonly used by financial services organisations, such as banks and insurance companies, as part of their risk management and compliance programs.

How does asset screening reduce a bank's exposure to risk?

Asset management departments in the financial services industry have to ensure that they neither hold any sanctioned positions/investments nor that they cooperate with sanctioned parties (legal entities or individuals).