- AU10TIX launches a continuous AML risk monitoring system with real-time fraud alerts and adaptive risk scoring.
- The platform covers over 240 countries and 1,600 government sites, integrating KYC and KYB processes.
- The system leverages data from 100+ global sanctions lists and 30,000 news sources.
AU10TIX, a leader in identity verification and fraud prevention, has announced the launch of a continuous risk monitoring capability within its advanced anti-money laundering (AML) solution. This new feature, driven by customer demand, enables businesses to detect emerging threats and behavioral anomalies in real-time across the entire customer lifecycle.
The innovative system offers comprehensive real-time monitoring, moving beyond traditional periodic screening methods. It continuously scans top data sources, including global sanctions lists, politically exposed person (PEP) databases, and adverse media, providing proactive alerts for potential risks. This dynamic capability allows businesses to adjust screening intensity based on individual customer risk profiles and specific business requirements.
Covering over 240 countries and 1,600 government sites, the system boasts features such as real-time fraud and money laundering alerts, adaptive risk scoring recalibrated continuously based on real-time data, and flexible thresholding tailored to different risk levels. Furthermore, it integrates identity verification and AML results into a unified dashboard, supporting seamless Know Your Customer (KYC) and Know Your Business (KYB) processes through a single API.
"Mitigating risk requires more than just monitoring—it demands real-time intelligence powered by the best data available," said Yair Tal, CEO of AU10TIX. By using premium data sources, AU10TIX empowers businesses to detect threats early and act before they escalate, enhancing compliance efficiency while minimizing false positives.
The comprehensive coverage and seamless integration provided by AU10TIX's AML solution are set to support businesses in effectively navigating evolving global regulations, ensuring enhanced accuracy and operational efficiency.
