Overview Financial institutions present one of governments’ best lines of defense in the battle against terrorism and financial crimes. The challenge for banks is to avoid spending valuable resources on counterparty investigations that have no chance of bearing fruit. That means banks need to minimize the number of unnecessary alerts coming out of their screening systems. Business challenge When a U.S.-based retail bank rolled out a new screening application, it immediately experienced a spike in alerts. Every day, the screening system compared the bank’s clients, counterparties and transactions against dozens of watch lists from governments around the world. The tool was generating too many false positives, because the bank didn’t have a single, consolidated view of each cust

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