NICE Actimize's proven and trusted AI-powered sanctions screening solution, WL-X, helps financial institutions stay ahead of tightening regulations and rapidly evolving sanctions risks. NICE Actimize's screening solution delivers seamless access to extensive data sources from around the world and embeds the latest AI and machine learning. WL-X provides you with the power to quickly identify high-risk customers and counterparties.
WL-X At a Glance
Always-
Accurate Data
Tap into a vast network of reliable global sources to ensure screening lists remain accurate and up to date.
Real-Time &
On-Demand
Screen parties and payments against global sanctions and other watchlists in real-time, batch or on-demand.
Always-On AI
Leverage proven AI to continuously optimize performance, reduce false positives and improve true positive accuracy.
Comprehensive Controls
Take full control of your screening program, from which data is screened and which lists are utilized, to what scoring thresholds are set and how hits are managed, with full management oversight.
Efficient and Effective
- Enhance payment screening with real-time message screening and payment interdiction.
- Confidently and accurately stop sanctioned payments with advanced screening analytics designed for financial institutions.
- Take full control over payment screening with our ISO-20022 compliant payment parser. Maintain flexible and targeted field matching to ensure effective compliance efforts.
Party Screening
- Strengthen onboarding and ongoing monitoring with real-time, batch and on-demand party screening.
- Screen beyond sanctions lists with integrated access to global data sources for greater insight into party risk.
- Increase accuracy of party screening with advanced analytics, including advanced fuzzy matching and predictive scoring.
Improved Risk Management
- Increase accuracy of party screening with advanced analytics, including advanced fuzzy matching and predictive scoring.
- Quickly identify and mitigate threats with instant screening against global watchlists.
- Stay compliant with all relevant regulations by accessing a wide range of sanctions, politically exposed persons (PEPs) and adverse media lists.
Streamlined Operations
- Seamlessly integrate WL-X with existing systems for quicker and more effective customer onboarding, ongoing monitoring and transaction screening.
- A scalable screening solution that can flex to your organization's risk requirements.
- Intuitive case management for seamless and consistent hit management and investigations.
- Integrated management insights to quickly assess and optimize system or team performance, ensuring stronger oversight of sanctions screening efforts.
Cost Savings
- Minimize wasted resources on reviewing false positive hits.
- Automate time-consuming manual tasks and optimize compliance workflows.
- Confidently detect parties on watchlists and avoid fines, regulatory action and reputational damage for missing a screening hit.
Resources
Brochure
Screening in KYC
Strong, Integrated Party Screening is Essential for Accurate Customer Risk Ratings