Barclays has selected Datanomics award winning dn:Director Sanctions & PEP (Politically Exposed Persons) Screening software as its preferred solution for its next generation customer screening platform. Datanomics dn:Director Sanctions & PEP Screening software will replace different customer screening solutions across multiple geographies, and will provide additional accuracy for systematic screening in both Western and non-Western languages/character sets. As part of Barclays preferred solution, Datanomics software is to be integrated with IBMs Global Name Recognition (GNR) software, a product certified by the US Department of Homeland Security for advanced linguistic analysis.
We wanted to lead by example and demonstrate Barclays commitment to world class compliance at all levels by implementing what Barclays considers is the industrys best screening technology and processes, says Paul Fabara, global head of operations, regulatory implementation and planning for Barclays. We were extremely impressed by how Datanomic’s software performed in our evaluation of it and in particular by the exceptional effectiveness of its screening solution. The global nature of Barclays business means we need to screen accurately across multiple languages.
Datanomics Sanctions & PEP Screening software is currently screening in excess of two billion customer records every month and, as such, is recognized as the platform of choice by more than two of the top ten global Retail Banks, one of the worlds largest Hedge Funds, one of Europes leading Merchant Banks, one of the worlds largest Investment Banks, half of the UKs Top 10 Wealth/Asset Managers, one of the oldest stock broking firms on the London Stock Exchange, and some of the UKs largest Insurance companies.
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