4- Match Outcome<\/h5>

Based on the risk scoring model, the system assesses the probability of risk and categorizes the match outcomes into:\n
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• High Probability: <\/font><\/b>Indicates a strong likelihood that the entity poses a significant risk. This could be due to exact matches with high-risk lists or other strong indicators of risk. Entities in this category require immediate attention and thorough investigation.\n
• Medium Probability: <\/font><\/b>Suggests a moderate risk level. This might result from partial matches or fuzzy matches that suggest some degree of risk but are less definitive. Entities in this category should be reviewed more carefully, and additional verification may be necessary.\n
• Low\/No Matches: <\/font><\/b>Indicates a low risk or no significant risk found. Entities falling into this category either have minimal risk factors or are not found in the database. While these entities may not require immediate action, periodic monitoring is advisable to ensure that no new risk factors emerge.\n<\/ul>
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  5- Decision Tools<\/h5>

  To support effective decision-making, the system offers a range of tools:\n
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  • Risk Score: <\/b>Provides a numerical value representing the level of risk associated with an entity, aiding in prioritizing further actions.\n
  • Risk Buckets: <\/b>Categorizes entities into predefined risk levels (e.g., high, medium, low), making it easier to manage and respond to different risk profiles.\n
  • Analytics: <\/b>Offers insights into risk patterns and trends, helping to identify potential issues and make informed decisions based on data-driven analysis.\n
  • Dashboards: <\/b>Provides a visual overview of risk assessments, allowing users to monitor risk levels and track key metrics in real time.\n
  • Reports:<\/b> Generates detailed reports on risk assessments and match outcomes, supporting compliance and audit requirements with comprehensive documentation.\n
  • Relevance Score: <\/b>Evaluates how closely an entity\u2019s details match risk criteria, providing an additional layer of assessment for more accurate decision-making.\n
  • Business Rules: <\/b>Implements customized rules based on client-specific requirements, ensuring that the system's responses align with organizational policies and procedures.\n<\/ul>
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    6- Actions<\/h5>

    Based on the decision tools and match outcomes, the system recommends actions tailored to the client\u2019s specific needs. These actions might include:\n
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    • Enhanced Due Diligence: <\/b>For high-probability matches, conducting a deeper investigation to verify the entity's status and mitigate potential risks.\n
    • Further Verification:<\/b> For medium-probability matches, additional checks and validation steps to confirm the entity's risk profile.\n
    • Monitoring and Alerts:<\/b> For low\/no matches, setting up ongoing monitoring and alerts to ensure that any new risk indicators are promptly addressed.\n\n<\/ul>
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      These actions are designed to be flexible and can be adjusted according to the client’s specific requirements and risk management strategies.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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      Why Choose PreScreening.io As Your Screening Software?<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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      ZIGRAM’s PreScreening.io ensures a comprehensive, future-proof solution for effective risk management and compliance.<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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      1. Software Is Comprehensive And Future-Proof<\/h5>

      ZIGRAM's PreScreening.io\u2019s key capabilities include real-time screening for prompt threat response, fuzzy matching for accurate detection, and effective false positive management for operational efficiency. Configurable rules allow for tailored screening processes to meet specific organizational needs. The screening software is designed to support all stakeholders in your fraud and AML programs, offering role-based access for analysts, team leaders, and chief risk officers. The platform also emphasizes automation, streamlining repeatable tasks to enhance cost-effective compliance and operational efficiency. With a risk-driven approach, PreScreening.io effectively implements risk policies, dynamically scores customer and case risks, and integrates seamlessly into existing workflows. This ensures a proactive and comprehensive risk management strategy. \n\n
      
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      2. Data Integration And Quality<\/h5>

      ZIGRAM's PreScreening.io offers comprehensive data integration, covering all jurisdictions and territories where your firm operates. By providing both software and proprietary data, ZIGRAM simplifies vendor management and reduces procurement costs. This integration ensures the software and data are closely linked, enhancing performance and functionality. Quality of data is prioritized, with global data experts ensuring AML\/CFT data is accurate and up-to-date. This reduces false positives and enhances effective risk screening.\n
      
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      3. Compliance With AML Regulations<\/h5>

      PreScreening.io aligns with AML regulations, accessing and incorporating updated sanctions lists from reliable sources. Automatic updates and alerts for changes in sanctions lists enhance compliance efforts and proactive risk management, minimizing the risk of engaging with sanctioned entities.\n
      
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      4. Integration And Technical Aspects<\/h5>

      ZIGRAM ensures smooth implementation of AML programs with PreScreening.io. Key considerations include:\n

      \n
      • Compatibility and Integration:<\/b> Seamless integration with existing systems, supported by the vendor.\n
      • Scalability and Performance: <\/b>Handles increasing data volumes and transactions without compromising performance.\n
      • API Response Times: <\/b>Fast and consistent, minimizing transaction processing delays.\n
      • UI and UX: <\/b>Intuitive user interface with customizable dashboards and multi-language support.\n
      • Configurability: <\/b>High degree of configurability in screening rules, alert thresholds, and risk parameters, adapting easily to evolving compliance requirements.\n
        
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        Other Benefits <\/h5>

        \n
        • Quick scan - Real time and batch processing\n
        • Real time Monitoring capabilities for onboarded or watchlist customers\n
        • Composite score to assess multiple associated entities & individuals \u2013 for B2B use case\n
        • Case and entity specific reports \u2013 single and batch\n
        • Customizable scoring, checks and thresholds\n
        • Library feature for selection of risk checks \u2013 Sanctions, PEPs, etc.\n
        • Focus on country, region and local lists\n
        • ML driven global news checks\n
        • API for platform and workflow integration\n
        • Disambiguation support \u2013 technology, data science and resourcing\n
        • Reduce time, efforts, and errors - consistently\n
        • Rule engine\n
        • Best practices & standards\n
        • Team workflows\n
        • Alerts: Provides 24\/7 alert disambiguation-as-a-service.\n
          
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          Related Reads:<\/em><\/p>

          What Is Customer Due Diligence?<\/em><\/a>
          Cross Border AML Due Diligence For International Businesses: Navigating Complex Regulatory Landscapes<\/em><\/a>
          Enhanced Due Diligence: Strengthening Risk Management in Modern Business<\/em><\/a>
          The Importance of Third-party Due Diligence for Pharma Supply Chains<\/em><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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          Implementation And Support<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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          ZIGRAM ensures the seamless implementation of PreScreening.io with APIs that integrate smoothly into your workflows. We provide tuning, business rule development, and ongoing support. Our integration capabilities and expertise make PreScreening.io a reliable tool for risk management and compliance. PreScreening.io, a top product of ZIGRAM, offers extensive coverage, sophisticated risk scoring, and real-time processing, making it invaluable for enhancing risk management and compliance. Book your FREE DEMO<\/a> with us now!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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          • \r\n \r\n <\/i>\r\n <\/a>\r\n Instagram<\/span>\r\n <\/li>\r\n \r\n <\/ul>\r\n <\/div>\r\n <\/div>\r\n <\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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            • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t#PreScreening.io<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
            • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t#NameScreening<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
            • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t#Compliance<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
            • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t#RiskScreening<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t
            • \n\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t#DueDiligence<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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              \n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

              In an era of heightened regulatory scrutiny and risk, ZIGRAM’s PreScreening.io stands out as one of the best solutions for risk and name screening.<\/p>\n","protected":false},"author":1,"featured_media":18601,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54],"tags":[51],"class_list":["post-20172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-screening","tag-name-screening"],"_links":{"self":[{"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/posts\/20172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/comments?post=20172"}],"version-history":[{"count":9,"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/posts\/20172\/revisions"}],"predecessor-version":[{"id":22030,"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/posts\/20172\/revisions\/22030"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/media\/18601"}],"wp:attachment":[{"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/media?parent=20172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/categories?post=20172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testv2.zigram.tech\/wp-json\/wp\/v2\/tags?post=20172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}