OpenSanctions, a leading provider of open-source sanctions and watchlist data, has joined forces with Neterium, a visionary API-native regtech company providing watchlist screening technology, to deliver enhanced screening capabilities to financial institutions and businesses worldwide. This partnership is set to empower organizations to manage risk, comply with regulatory requirements, and handle high volumes of transaction data with ease and precision.
Headquartered in Belgium, Neterium specializes in API-driven solutions for high-volume watchlist screening. Their flagship products, Jetscan and Jetflow, are designed to address the compliance challenges of the financial industry. Jetscan enables the identification of high-risk relationships by screening counterparties, while Jetflow efficiently processes large-scale transaction data. The integration of OpenSanctions’ comprehensive and transparent content into the Neterium solutions gives an additional dataset to financial institutions and fintechs and offers them a robust, scalable solution for sanctions screening.
Advanced screening for scalable compliance workflows
This partnership is particularly tailored for financial institutions, digital payment service providers, electronic money institutions, and foreign exchange and remittance services. The joint solution also supports non-financial institutions by seamlessly integrating into know-your-business (KYB) compliance workflows. Both OpenSanctions and Neterium are focused on making advanced technology accessible. Their tools are designed for straightforward integration, avoiding the need for costly, lengthy IT projects. OpenSanctions' extensive dataset, covering 71 global sanctions programs, can be configured to meet specific regional and industry requirements, ensuring precision and relevance.
Commitment to transparency and ease of use
OpenSanctions' open-source data collection stands out for its transparency and auditability. Every data point is traceable to its official source, enabling financial institutions to test and refine their screening processes with confidence. This level of detail enhances trust and usability in high-stakes compliance scenarios.
Friedrich Lindenberg, Founder of OpenSanctions, emphasizes the partnership's value: "Our products - OpenSanctions’ data resources and Neteriums screening engine - are perfect complements, with shared values: technical excellence, pragmatism, and the objective to provide meaningful building blocks in the identification and interdiction of illicit financial flows."
Pascal Aerens, Chief Product Officer and co-founder at Neterium highlights the shared vision: "Neterium and OpenSanctions share a deep understanding of the fight against financial crime. Together, we provide the advanced technology and the specialized content required to make watchlist screening more effective and efficient for organizations worldwide."
Join us in simplifying compliance
If you're looking to streamline and improve your sanctions screening process or have questions about our partnership, don’t hesitate to reach out. Together, OpenSanctions and Neterium combine their expertise to offer a trusted, effective, and efficient solution for sanctions screening by leveraging cutting-edge technology and comprehensive data. Let’s build a safer financial ecosystem.
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About OpenSanctions OpenSanctions is an open-source, global watchlist and risk data aggregator. We produce a high-quality knowledge graph that combines a wide range of sources in the most transparent and auditable way possible. Our data is used in financial services, regulatory, and investigative contexts by companies, governments, and civil society across the globe. By providing easy access to rich bulk data, our database is a reference source and a ready-made building block for data solutions and products.
About Neterium Neterium is a Belgium-based regtech company dedicated to transforming global financial crime prevention. Its cloud-native SaaS watchlist screening solutions leverage cutting-edge technology alongside deep compliance expertise. Neterium’s flagship products, Jetscan and Jetflow, offer unparalleled efficiency, accuracy, and scalability, seamlessly integrating through a standardized API. These solutions deliver ultra-low latency and massive throughput, setting a new standard in scalability and performance for financial institutions worldwide.
