Evelyn, WorkFusion’s 100% digital Sanctions & Adverse Media Screening Analyst, is designed to protect your organization from sanctioned or risky client relationships by reviewing alerts for screened organizations and associated individuals. Evelyn’s expertise includes but is not limited to: PEP & Sanction Screening, and Negative News/Adverse Media screening.

Evelyn’s Capabilities

• Review and disposition adverse media and customer sanctions alerts as part of KYC onboarding or periodic refresh process
• Make decisions about escalation/closure of cases
• Conduct searches, gather data, and record evidence from internal systems, the internet, and commercial databases; where needed, make inquiries with business or compliance contacts within the organization
• Enforce internal strategies, policies, procedures, and processes related to monitoring and escalating sanctions alerts and regulatory requirements
• Capture and summarize alerts analysis with supporting documentation in adverse media and screening systems
• Ensure all alerts analysis and investigations are performed within the timeframe provided in policy and stipulated in SLAs; maintain thorough audit trails
• Disposition of false-positive alerts based on multiple factors and escalate appropriate cases
• Integrate with adverse media, sanctions screening systems, case management and CLM systems to retrieve entity information (e.g., Salesforce, Pega)
• Create screening reports with all analysis results captured
• Manage exceptions with human-in-the-loop capability, working side-by-side with traditional team members

Supported external screening systems:
Dow Jones Risk & Compliance, Refinitiv World-Check, LexisNexis Bridger, Google API, Firco Trust, and Firco Continuity

Benefits of automation

This AI-enabled, pre-trained digital worker determines if a hit on a customer's name is a match or a false positive using a bank's internal KYC data (including aliases, age, gender, and location) and external data sources for confirmations (for example, connecting to government information portals) and determines if a customer’s media articles are adverse and materially relevant. Automating the sanctions and adverse media alert reviews helps drastically lower the number of false positives traditional staff must review manually, thus reducing the time and manual effort required while increasing accuracy.

• 70% reduction of manual work
• 80% reduction in false positives
• Operational analytics captured throughout the process
• Robust and complete audit trail

Usage based pricing

Evelyn – NSS
Each transaction is an entity name (individual, company or securities) that is submitted for investigation and successfully completes. Evelyn will search for mentions (“hits”) of the entity on various sanction lists. Audit in the form of a report is created as part of the output for every entity. Only investigations for entity names which did not complete (i.e., the investigation was canceled or there was a system error) are excluded from billing.

Evelyn – AMM
Each transaction is an entity name (individual or company) that is is submitted for investigation and successfully completes. Evelyn will search for and return article(s). Audit trail in the form of a report is created as part of the output for every entity. Only investigations for entity names which did not complete (i.e., the investigation was canceled or there was a system error) are excluded from billing.