DecisionIQ™

Screening Decision Service

Stop manually clearing false positives. Get to actionable screening decisions.

DecisionIQ works with your risk-based approach to deliver actionable sanction screening decisions that are compliant, fast, and affordable. Let our AML specialists design the right service for you.

Actionable Screening Decisions to speed up your Customer Onboarding

The Challenge

Despite all the technology, sanction screening continues to be manual and time-consuming.

False Positives

The best systems still yield 5-7% false positives that must be cleared manually by a compliance officer.

With industry average of 19 mins to clear @ $26/hour, false positives pose a real challenge for the small enterprise.

Record keeping

Compliance best practices demand auditable documentation. This means storing screening criteria, results, and annotations for minimum of 5 years.

For most SMEs, this is a paper shuffle that will most likely fail an audit.

Long Onboarding Times

Sanction screening still means high-friction and manual overheads that slow down and disrupt the customer verification and onboarding process.

For SMEs in the digital world this is a matter of business viability.

“80% of cost of sanction screening is from manual screening of false positives” PWC Report

Why are you manually screening when all you need is an actionable screening decision?

The Solution

DecisionIQ delivers real-time actionable decisions on whether to approve or deny screened individuals or entities. Each decision is backed by an auditable proof-of-work that is securely stored.

Need to speed up your screening for customer onboarding?
Talk to us

Here’s how DecisionIQ Works

Start with a Risk Assessment

Whether you create using our FREE Risk Assessment Tool or engage our AML specialists, a risk-based approach is essential to an effective and efficient AML compliance regime.

1

We will set you up on our platform

We curate watchlists based on your risk profile, configure search and decision logic, setup file storage policy, and more. Basically everything you need for an effective compliant regime.

2

You decide how you want to interface

Whether your interface for screening via API for real-time decisions, or via email or UI for recurring or on-demand batch processing, or something custom, our compliance specialists are there to help.

3

Want to go 100% Hands-Free?

For the 2-5% of decisions that must be manually cleared, let our Vskills™ Certified AML Officers manage the review process. You can also use our case review tool to do it yourself.

4

You are Ready for Rapid and Actionable Decisions

While we Manage the Paperwork

5

Why Choose DecisionIQ?

Accurate Decisions
Accurate Decisions

A risk-based approach coupled with the best watchlist data and latest technologies in search, AI, and natural language processing, ensures that you always get accurate decisions.

Rapid Responses
Rapid Responses

Use of transaction processing system architecture ensures real-time responses. Where decisions must be cleared manually, our 24x7 staff can meet your service level requirements.

Still Affordable
Still Affordable

An automated AI based system combined with competent offshore staff to clear false positives means a lower overall cost of sanction screening and AML compliance.

Auditable Decisions
Auditable Records

A ‘white-box’ decision system design approach means that each decision is accompanied by a rational proof-of-work file that is securely stored for 5yrs and always available for your auditor.

Preview Proof of Work File

Experience the DecisionIQ Difference

Other Screening Tools
Screening Tools

Before

  • Agnostic screening regime
  • Compliance staff required
  • High friction to customer onboarding
  • Inefficient and costly
KYC2020 Decision Service
Decision Service

After

  • Risk-based approach
  • Can be 100% Hands-Free
  • Rapid customer onboarding
  • Cost-effective

    SmartScan

    Affordable Screening
    • Global Watchlists

    • Support for Standard and Premium Watchlists
    • Create Private Watchlists
    • Create Custom Watchlist Groups
    • Scanning

    • Support for Ad Hoc, Batch, and API
    • Customize Search Preferences and Risk Thresholds
    • Create Exception Lists
    • Flag Results
    • Download Results as PDF
    • AML specialist must review all hits and clear
    • Data Retention

    • Ad Hoc results are not saved
    • Batch Processing Jobs can be deleted
    • All Data is purged after 3 months
    • Customer must download and store locally for AML Record Retention Compliance.
    • Ongoing Monitoring & Alerts

    • No Support
    Preview Results

    DecisionIQ

    Actionable Decisions
    • Global Watchlists

    • Same as SmartScan
    • It’s NOT Scanning… Its Decisioning

    • All the features of SmartScan and More!
    • Support for Ad Hoc, Batch, API, and Email.
    • Scanning Results are PASS, FAIL, or VERIFY
    • False Positives are cleared with an AI engine and a Proof of Decision (POD) File created.
    • POD PDF File can be Annotated and Downloaded
    • Intuitive Compliance Officer workflow to Review decisions and Sign Off if required.
    • Data Retention

    • Decisions are saved for five (5) years.
    • Personal Data is stored in encrypted format.
    • All Data can be purged at ANY time.
    • Ongoing Monitoring & Alerts

    • Create custom Customer Lists for scanned decisions
    • Set Recurring Scan Schedules to monitor Customer Lists
    • Set Email Alerts for Decision Changes
    Preview Decision File
Watch the comparision Video

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