NEW YORK, Feb. 28, 2024 /PRNewswire/ -- Sigma360, a leading AI-powered risk screening and monitoring platform that enables compliant global commercial relationships, today announced powerful new features and technical capabilities that drive enhanced risk management and significant productivity for organizations who leverage, or seek to leverage, adverse media as a key tenant of their global compliance strategy.
"I am proud to say that our continued investment in AI and overall system configurability is driving significant efficiency gains for our clients, particularly as it relates to adverse media screening, a historically thorny problem for organizations to get right," said Stuart Jones, Jr., CEO of Sigma360. "Our goal is to deliver the absolute best adverse media screening capability available, while also providing lightning fast PEP and Sanctions screening all from a single platform and API call." 
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"I am proud to say that our continued investment in AI and overall system configurability is driving significant efficiency gains for our clients, particularly as it relates to adverse media screening, a historically thorny problem for organizations to get right," said Stuart Jones, Jr., CEO of Sigma360. "Our goal is to deliver the absolute best adverse media screening capability available, while also providing lightning fast PEP and Sanctions screening all from a single platform and API call." 
The Financial Action Task Force (FATF) guides organizations to carry out "verifiable adverse media searches" as part of their client risk assessments and enhanced due diligence procedures. The United States, Canada, United Kingdom, European Union, Singapore, Hong Kong and a number other countries similarly require and guide toward utilization of adverse media screening and deeper diligence checks as part of an effective, risk-based approach. 
However, due to current inefficiencies and outdated vendor approaches, organizations either do not implement this capability or implement it on a limited basis. Those that go-forward with enterprise wide implementations are typically overrun with false positives that create significant organizational cost burdens and regulatory risk.
With the backdrop of growing geopolitical tensions, interruptions to global supply chains and rising expectations around risk management, leading firms are re-evaluating their compliance posture and adopting new, purpose built solutions they can cost-effectively manage and scale. 
The Sigma360 platform automates the process of assessing individuals and companies across vast amounts of data, such as global media. Some of the key advantages of the Sigma360 platform versus standard approaches, include overall accuracy, speed, ease of system configuration and depth of global coverage. 
For example, in recent adverse media benchmarking, Sigma360's screening capabilities achieved strong results that included the following illustrative examples:

Source prnewswire