Featurespace ARIC Anti-Money Laundering vs Sanctions Screening comparison

Featurespace is the world-leader in Adaptive Behavioural Analytics and creator of the ARIC™ Risk Hub for fraud prevention and AML transaction monitoring.

The ARIC Risk Hub – a real-time machine learning software system – monitors individual behaviours and detects anomalies to catch financial crime as it happens.
The increased accuracy of understanding customer behaviour simultaneously reduces the number of genuine customers whose purchases and transactions are incorrectly declined.

GSS is an industry-leading sanctions screening platform that helps financial institutions comply with global sanctions regulations. GSS is based on industry-defined standards and uses cloud-native technology to provide a more effective and efficient sanctions screening solution. Financial institutions provide data to GSS, such as transaction data, and GSS returns an alert if there is a match against a sanctions list. Financial institutions remain fully responsible for sanctions compliance, but GSS can help to streamline the screening process. GSS also allows financial institutions to configure the platform to meet their specific risk appetite.