THE FCC-7 INSIGHTS
Insight
Deciding with context
Why Know Your Transaction (KYT) is a breakthrough innovation for transaction screening.
When speaking with analysts having to resolve sanction screening alerts, the first complaint you hear is usually about false positives: “There are too many alerts”, “The system always returns the same hits”, “we spend our time accepting hits we already accepted”, “why can’t the system just get smarter?”. To these analysts, we want to say: “We hear you”. And we might have good news for you. Let’s dive into a new approach that could really make alert handling better, safer and faster…