Name Screening Solution Implementation Case Study

This case study details the implementation of a name screening solution by SymphonyAI for a large European bank. The bank faced significant challenges with their previous provider, which affected customer trust and compliance with regulatory standards. To address these issues, SymphonyAI conducted a proof of concept (POC) to demonstrate their capabilities in managing high volumes of data efficiently. The POC showcased the ability to screen over 400 million names and process 100 million customers in just 2.5 hours. The study outlines the collaborative approach taken by SymphonyAI, including building strong relationships with the bank and understanding their specific needs. It emphasizes the depth of expertise SymphonyAI brings, with over 25 years of experience in protecting tier 1 banks. The partnership has evolved to include not only name screening but also politically exposed persons (PEP) and adverse media screening, enhanced by AI technology for improved financial crime management.