How does Customer Screening compare to NetReveal Customer Due Diligence?

ComplyAdvantage's Customer Screening solution streamlines the process of identifying high-risk individuals by automating checks against global watchlists, PEP databases, and adverse media sources. This solution ensures compliance with know-your-customer (KYC) and anti-money laundering (AML) regulations while reducing the time and effort required for manual screening.

The platform provides real-time risk assessments with instant alerts for flagged individuals, enabling swift action to mitigate potential risks. Its advanced matching technology minimizes false positives, ensuring that compliance teams can focus on genuine threats. Comprehensive audit trails and reporting tools support regulatory documentation and compliance reviews.

With its robust capabilities, ComplyAdvantage's Customer Screening solution enhances due diligence workflows and strengthens risk management practices across industries.

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.