Enigma offers industry leading performance in sanctions and watchlist screening, helping institutions to achieve compliance with greater confidence, speed and control than ever before.
Enigma's screening service is built for regulated institutions that have a massive quantity of customers and transactions that need to be screened. Our cloud-based, API enabled service seamlessly integrates with the watchlists and case manager of your choice.
Customers have switched to Enigma’s screening service for four reasons:
Enigma’s tried and true matching methods reduce traditional sanctions alert volumes (where >99% are false positives) by at least 80%.
Cut through the noise and prioritize real alerts impacting your business.
You choose which list sources you want to screen. Enigma can integrate with any list providers or Enigma can provide curated lists relevant to your business requirements.
You can also add or remove specific customs lists and keywords anytime.
Our cloud-based infrastructure autoscales, ensuring the ability to process large volumes of transactions and customers with low latency.
We consistently surpass 1,500 requests per second throughput, and can go even faster.
Directly configure thresholds, adjust scoring weights, and create suppression and escalation rules anytime, with robust access controls to prevent undesired changes.
No need to work with an account manager to make changes to your scoring model.
Hit-level explanations are clear and intuitive. Enigma employs well-documented matching and scoring algorithms that are tunable and transparent to the end user. There is no black box.
Look up historical screening decisions and watchlist entity details anytime and understand the results.
Sanctions and model risk teams can study the effects of adjusting system parameters or introducing new rules. Simply make the adjustments and run a batch test to see the impact.
Privileged users can evaluate specific screening requests and decisions on demand, anytime they want.
With fewer false positives and higher throughput, you have to put fewer transactions on hold due to compliance concerns. Enigma’s screening service integrates with any type of transaction: Wires, ACH/TCH, Zelle, etc..
We’ve developed specialized free text screening to handle the message body and transaction descriptions, while leveraging our entity screening service to assess the transaction counterparties.
Customer screening at the time of onboarding and on an ongoing basis for both persons and business entities, with options to fine tune each to your organization's risk-appetite.
Batch monitor customer records each night for any changes in sanctions status. Enigma is currently screening more than 35 million customer records nightly on behalf of our customers.
Get in touch for a demo or to learn more