How does Company Screening compare to NetReveal Customer Due Diligence?

ComplyAdvantage's Company Screening solution simplifies due diligence processes by automating the screening of businesses against global watchlists, sanctions databases, and adverse media sources. Designed to meet stringent regulatory requirements, this solution ensures organizations can quickly and accurately assess the risk profiles of their business partners and vendors.

The platform offers real-time screening with continuous updates, providing instant notifications of changes in a company's status or risk level. Advanced filtering and matching algorithms reduce false positives, saving time and improving efficiency for compliance teams. Additionally, the system provides detailed reports and audit trails, enabling thorough documentation of screening processes for regulatory compliance.

By streamlining risk assessment workflows, ComplyAdvantage's Company Screening solution enhances operational efficiency and helps organizations build safer, more reliable business networks.

NetReveal Customer Due Diligence (CDD) by SymphonyAI streamlines Know Your Customer (KYC) and CDD operations using AI-driven name screening. It removes customer friction points, reduces false positives by 50%, and captures genuine risk through flexible list integration and real-time screening against sanctions, politically exposed persons (PEP), and adverse media sources. The solution ensures continuous vigilance and prioritizes compliance, enabling organizations to maintain regulatory adherence efficiently. :contentReference[oaicite:1]{index=1}

• 🏆 Ranked - Contender by Forrester (2024)
• 🏆 Named on RegTech100 by FinTechGlobal (2024)
• 🏆 RiskTech AI 50 2024 - Ranked 15 by Chartis (2024)

ComplyAdvantage, founded in 2014, is a RegTech company that specializes in providing AI-driven financial crime risk detection and anti-money laundering (AML) solutions. ComplyAdvantage leverages artificial intelligence, machine learning, and natural language processing to offer real-time risk insights and AML data solutions.

The company provides a range of services, covering:

- AML onboarding and monitoring
- Transaction monitoring
- Payment screening
- Politically exposed persons (PEPs) and adverse media screening
- Real-time sanctions and watchlist screening

ComplyAdvantage has experienced significant growth since its inception, raising $88.2 million through three rounds of venture capital funding and expansion of its operations with offices in the United States, Singapore, and Romania. The company serves over 1,600 businesses across the globe, including major financial institutions like Santander and Affirm, and clients have reported a 70% reduction in false positives and a 50% decrease in onboarding cycle time.

SymphonyAI offers AI-driven, industry-specific applications. Their focus in the risk space is financial crime, focussed on the financial services sector.