List Matching Module

The List Matching module supports real-time screening of SWIFT payments – NetEconomy is a SWIFT certified partner – as well as batch filtering of customer lists and account transactions. The module supports OFAC and other government lists, Accuity’s Global Watchlist, and World-Check’s database of high-risk entities. When lists are updated, the system automatically detects any changes to the list and runs the entire customer and/or transaction database against these modifications. NetEconomy also provides Internet-based list matching of individual names, for example for customer due diligence at account opening. False positive reduction includes Soundex and Levenshtein algorithms, used to generate risk-scored results, and exception lists. The module can be used with third-party KYC products such as Siebel and PeopleSoft.

All detections will result in an alert in NetEconomy, which can be investigated and reported using the investigation, case management, and reporting capabilities of NetEconomy. The watch lists, against which transactions are being checked, are completely and easily configured through the NetEconomy User Interface.