Customer screening solutions provider Regulatory DataCorp (RDC) has rolled out AI Review, an artificial intelligence-powered compliance screening solution.

The AI Review will enable financial institutions to expedite the customer screening process and identify people with criminal records.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The solution leverages RDC’s database of risk-relevant information and customer data to screen applications.

RDC claimed that AI Review, utilising its predictive and learning capabilities, can process requests at much greater speeds. It is also expected to reduce false positives alerts by 90% compared to unreviewed inquiries.

Additionally, customers can configure the solution to their preferred risk tolerance level.

Apart from regulatory risks, they can also run adverse media screenings to manage reputational risks.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

RDC CEO Tom Walsh said: “Our global financial system is rapidly becoming more integrated and more complex, leading to greater pressure on financial institutions to screen and keep out bad actors.

“New and powerful technologies, like AI, can help institutions analyse enormous amounts of data and assess and highlight the risks that are most relevant.

“AI Review will enable financial institutions to be responsive to their customers with the quickness they expect without compromising on the accuracy and thoroughness of screening processes.”

RDC, with its smart screening solutions, supports more than 1,000 organisations in strengthening their KYC/AML, fraud and Politically Exposed Persons (PEPs) protection.

This July, HSBC extended its ongoing partnership with RDC for another five years.