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Transaction Screening - Our anti money laundering compliance program for payment screening

Real-time pre-clearing transaction screening enables the identification and management of all parties involved in payments. Pythagoras Transaction Screening compares the payment information against a predefined set of reference data of your choice. The learning system remembers reoccurring parties but will continue to monitor them for changes in the reference data. Our solution ensures that every hit only needs to be processed once and includes special rules to screen any remittance text.

Main Advantages

  • Pre-Clearing screening, resolution can be made before payment
  • Memorizing of decisions - no rescreening of reoccurring counterparties necessary
  • Fully transparent screening rules, configurable according to your compliance and regulators requirement
  • More precise screening results through management of black- and white lists
  • Deployed solution ensures data security
  • Screening for further categories as vessels, ports, dual use goods
  • Different treatment of outgoing and incoming transactions possible


 

Key Features

  • Supports multiple sources of external and internal reference data
  • Processing of various SWIFT or other payment message formats possible
  • Flexible configuration of screening rules and filters (Sanction and OFAC lists, PEP screening etc.)
  • Screening rules for name information and remittance text can be configured separately, for better results.
  • High performance and speed through regular pre-screening of known counterparties
  • Recognizes Chinese Commercial Code or Passport Numbers
  • Multiple Languages for user interface

Instant Payment Screening System

New module for time critical transaction screening. Enables to screen online, mobile or fast-payment transactions immediately in less than a second (instead of a few seconds in batch processing).

  • Counterparties get screened instantly against the reference data
  • Workflow to process rejected payments with option to clear them for next time
  • Parallel processing of high volumes of transactions
  • Fine tuning of screening rules for precise results

Download our 2-page overview of this solution and ask us for a Demo