How does Payment Screening compare to SensaAI for Sanctions?

ComplyAdvantage's Payment Screening solution ensures that financial transactions are screened against global sanctions lists, PEP databases, and adverse media sources in real-time. This solution helps organizations comply with international regulations by preventing illicit transactions and minimizing financial crime risks.

The system's advanced algorithms provide accurate and efficient matching, significantly reducing false positives and improving operational efficiency. Its flexible configuration options allow businesses to customize screening parameters based on their risk tolerance and regulatory requirements. Alerts and detailed reporting features keep compliance teams informed and prepared for audits.

By safeguarding payment processes, ComplyAdvantage's Payment Screening solution enhances security and ensures the integrity of financial operations.

SensaAI for Sanctions by SymphonyAI enhances sanctions screening processes by combining predictive and generative AI to boost screening accuracy and reduce false positives by 80%. It provides AI Match Explanations in natural language, aiding investigators in making faster, more confident decisions with a clear audit trail. Pre-packaged for immediate results, SensaAI for Sanctions is ready out of the box, delivering rapid ROI without the need for extensive model training. :contentReference[oaicite:2]{index=2}

• 🏆 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.