Best PEP & Sanctions Screening Software for Macrobank Core Banking Software

Sumsub offers a comprehensive solution for PEP and sanctions screening that is integrated into an AI-driven trust infrastructure platform, rather than being a separate, isolated check. The results from this screening process are seamlessly incorporated into ongoing monitoring and unified decision-making, ensuring that any changes in status are identified and addressed continuously, rather than only during the initial onboarding phase. This approach effectively eliminates the vulnerabilities associated with fragmented, one-off screening tools. Adhering to top global anti-money laundering (AML) standards and regulations, Sumsub collaborates with organizations such as the UN and INTERPOL. Companies can screen their customers across over 220 countries and territories, with the ability to adjust to evolving regulatory demands through customizable options. Powered by Summy AI and advanced AI-driven decision-making capabilities, Sumsub has earned recognition as a Leader by Gartner, Forrester, IDC, Liminal, and KuppingerCole, and is relied upon by more than 4,000 clients around the globe.

An all-inclusive Client Lifecycle Management solution, encompassing KYC and AML for both On-Premise and SaaS deployments, efficiently enhances your everyday compliance tasks, covering everything from client onboarding to acceptance, transaction monitoring, and the identification of suspicious activities, as well as managing thorough investigations. The system automates the process of verifying identities and gathering necessary information (such as economic profiles and documents) via a personalized client portal designed for both individuals and corporations. By facilitating a more streamlined AML compliance journey, it incorporates automatic risk assessments along with electronic identity validations, PEP and Sanction checks for both new and existing clients on a continuous basis. Our technology enables real-time monitoring of transactions and post-transaction analysis to identify potential fraud and money-laundering activities using advanced rule engines and predictive machine learning models. Additionally, users can establish dynamic criteria that automatically classify clients as high-risk based on factors like PEP status or the nature of high-risk countries. This comprehensive approach ensures that organizations stay ahead in the ever-evolving landscape of compliance and risk management.