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Transaction Screening
Money laundering compliance through learning AML software

Pythagoras Transaction Screening compares payment data from your payment system with your defined reference data. The software is a learning system – it recognizes recurring partners and continuously monitors them for changes in reference data. With our solution for Transaction Screening, each alert only needs to be processed once. It also enables special rules to be applied to use texts. Checking transactions in real time before they are executed enables all partners involved to be identified and processed.

Benefits of Pythagoras Transaction Screening

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SECURE
High data security through local installation
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RELIABLE
Reduction of error rates through sophisticated search engine and configurable settings
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TRANSPARENT
Transparent screening rules that can be configured according to your requirements
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PREDICTIVE
Pre-clearing checks: Decisions can be made before payments are executed
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EFFICIENT
Decisions are stored. Repeated screening of recurring partners is not needed
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TRACEABLE
Complete audit trails and tamper-proof history
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DATA-NEUTRAL
Reference data can be obtained from multiple leading vendors
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ACCURATE
More accurate results thanks to blacklist and whitelist management
https://pythagoras-solutions.com/wp-content/uploads/2021/12/PS_benefit_icon_sicher.svg
SECURE
High data security through local installation
https://pythagoras-solutions.com/wp-content/uploads/2021/12/PS_benefit_icon_zuverlaessig.svg
RELIABLE
Reduction of error rates through sophisticated search engine and configurable settings
https://pythagoras-solutions.com/wp-content/uploads/2021/12/PS_benefit_icon_transparent.svg
TRANSPARENT
Transparent screening rules that can be configured according to your requirements
https://pythagoras-solutions.com/wp-content/uploads/2021/12/PS_benefit_icon_vorausschauend.svg
PREDICTIVE
Pre-clearing checks: Decisions can be made before payments are executed
https://pythagoras-solutions.com/wp-content/uploads/2021/12/PS_benefit_icon_effizient.svg
EFFICIENT
Decisions are stored. Repeated screening of recurring partners is not needed
https://pythagoras-solutions.com/wp-content/uploads/2021/12/PS_benefit_icon_nachvollziehbar.svg
TRACEABLE
Complete audit trails and tamper-proof history
https://pythagoras-solutions.com/wp-content/uploads/2021/12/PS_benefit_icon_datenneutral.svg
DATA-NEUTRAL
Reference data can be obtained from multiple leading vendors
https://pythagoras-solutions.com/wp-content/uploads/2021/12/PS_benefit_icon_exakt.svg
ACCURATE
More accurate results thanks to blacklist and whitelist management

Features

What the solution offers

To see the wide range of possibilities for yourself, book a demo.

Book demo

DATA RECONCILIATION

Support for a wide range of external and internal reference data

FORMAT RECOGNITION

SWIFT and other payment transaction formats can be processed

CONFIGURATION

Flexible configuration of screening rules and data filters (sanctions lists, PEP screening, etc.)

OPTIMIZATION

Separate configuration of screening rules for the Name and Purpose fields provides more accurate results

PRE-SCREENING

Rapid processing even with high volumes thanks to regular pre-screening of known partners

DIFFERENTIATION

Incoming and outgoing payments are handled differently

CATEGORIZATION

Categories such as ports, ships and dual-use goods can also be verified

RECOGNITION

Chinese Commercial Code and passport numbers are also recognized

About the download

A description of the solution, its benefits and features can also be downloaded as a PDF.

PDF Download

Summary

The solution in a nutshell

Pythagoras Transaction Screening is the optimal solution for screening incoming and outgoing payments. Extensive process automation allows handling of even high transaction volumes. In combination with Pythagoras Partner Screening, the solution stores all decisions related to alerts, even with regard to external partners who are involved. All known and recurring partners are screened overnight in batch processing and the results can be previewed in advance. Only new and unknown partners need to be checked, which reduces the workload of the compliance team.

More solutions from Pythagoras

Transaction Monitoring
Plausibility analysis of financial transactions
Partner Screening
Review and monitoring of business relationships
API
SOAP interface for Pythagoras integration into in-house applications
Client Management System
Secure management of sensitive client data at one location