Guide to SensaAI for sanctions screening

SymphonyAI’s SensaAI for sanctions is a groundbreaking solution designed to dramatically reduce false positives in sanctions compliance, a perennial challenge for financial institutions. Traditional sanctions enforcement often results in an overwhelming number of false alerts due to overly low-risk thresholds, leading to wasted resources and potential compliance risks. SensaAI complements existing detection systems by leveraging generative and predictive AI to enhance matching capabilities, cutting false positives by 56% while retaining 100% true positives, as evidenced in recent proof-of-concept trials. SensaAI’s advanced algorithms improve accuracy by contextualizing unstructured data, such as distinguishing between different entities with similar names but different contexts. This approach not only streamlines the investigative process but also enhances overall compliance, allowing financial institutions to focus on genuine risks while maintaining efficiency and regulatory adherence. With seamless integration and immediate operational benefits, SensaAI is poised to revolutionize sanction screening processes in the financial sector.