Sigma360, the definitive AI-powered risk screening and monitoring platform, announced the development of a new product line, Transaction Screening, which can screen hundreds of millions of transactions in real time while minimizing alert volumes. This feature will leverage advanced AI and entity resolution models to cross-reference transaction data against comprehensive watchlists, sanctions lists, and more.
Sigma360’s Transaction Screening addresses a core challenge for firms processing large volumes of payments: unwanted lag time caused by overwhelming false positives and delayed knowledge of regulatory updates. Backed by 10x more data than legacy providers, and updated multiple times a day with sanctions lists data (including OFAC, UN, EU, UK, and others), Sigma360’s Transaction Screening will help financial institutions stay ahead of regulatory changes while keeping payments flowing without unwanted interruptions. Our large data sets will enable seamless, deep-dive sanctions investigations.
Transaction Screening builds on the evolution of Sigma360’s AI Agents, showing how the platform continues to level up to meet the speed and scale of modern compliance. In a recent case study, a top global payments technology firm used Sigma360’s transaction screening solution, powered by its AI Investigator Agent, and achieved a93% reduction in false positives. For compliance teams, these results translate into greater efficiency, higher accuracy, and the ability to scale confidently without sacrificing oversight.
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Sigma360 integrates transaction screening together with name screening and enhanced due diligence investigations within a single platform. This unified approach gives teams end-to-end command of their screening workflow, eliminating the need for multiple siloed tools, and ensuring that every stage of risk review is faster, more accurate, and more consistent.
“As the global financial system shifts to real-time, cross-border payments, the need for agile and effective screening has never been greater,” said Stuart Jones Jr., CEO of Sigma360. “Legacy solutions simply cannot keep up with the sheer volume and speed of modern transactions. Our transaction screening solution will change this paradigm by managing alert volumes with easy low or no-code configurations, allowing firms to process payments with the speed and accuracy required to stay compliant in this new era.”
As payments flow through our systems, Sigma360’s advanced AI engine continuously ingests transaction data and rigorously screens against all relevant sanctions lists and watchlists. Through real-time entity resolution, fuzzy matching, transliteration and alias detection, our platform delivers a comprehensive risk picture on both domestic and international transactions while reducing false positives and tuning for real risks.
Sigma360’s Transaction Screening brings demonstrable benefits to teams:
- Secure, Rapid Compliance: Ensure a smooth payment experience for customers while accurately screening for risk with no lag time.
- Scalable Risk Management: Stay ahead of evolving threats with a platform that unifies transaction and name screening, backed by 10x more data than legacy tools and frequent OFAC sanctions updates.
- Enhanced Productivity: Free up time to focus on genuine risks alongside AI Agents that deliver transparent and auditable insights, reducing false positives by 93%.
- Faster Time-to-Value: Take command of your risk screening in weeks, not months, with a solution designed for rapid deployment.
Delivering high-volume, high-speed payment screening with unmatched accuracy, Sigma360‘s Transaction Screening will set a new benchmark for AI-driven financial compliance solutions. Our powerful, scalable screening helps businesses stay ahead of evolving global regulations, proactively blocking prohibited transactions to ensure compliance and build customer trust.
Source: PRNewswire