Adverse media screening for asset management

Are you struggling with a high false positive rate when screening against adverse media due to the data structure of your current provider? Discover how a client, with a requirement to seamlessly screen for both regulatory and reputational risks, took their screening efforts to the next level. While their current solution caused an inability to focus client screening on only the risk relevant to the business and overwhelmed their team in false positives, RDC has delivered a relevant and comprehensive view of the specific risks the business faced for optimal levels of protection.

In partnering with RDC, the client experienced minimal disruption in replacing the incumbent and a significant reduction in false positives due to the granularity of RDC’s adverse media data and the ability to precisely configure RDC’s screening engine to meet their specific risk profile.

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Configurable Adverse Media Screening beats market leaders for Global Asset Management Firm

The Client: A global asset management firm operating in nearly 30 countries and with assets under management of approximately US $200 billion.

The client was struggling with an unfeasibly high false positive rate when screening against adverse media due to the data structure of their incumbent provider. With a requirement to seamlessly screen for both regulatory and reputational risks, the clients inability to focus client screening on only the risk relevant to the business was swamping their team in false positives. This workload proved unmanageable for the current team, and detracting efforts from the real risks facing the business

Partnering with RDC

After a thorough evaluation of RDC alongside two well-established and market leading providers, led by their UK operations, the client opted for RDC Review. This solution, coupled with the granularity of RDC’s adverse media data enabled the client to explicitly configure their screening parameters to reflect the risk relevant to them. Experienced RDC analysts work as an extension of the clients internal compliance team and significantly cut down workload by conducting false positive and materiality reviews, all tailored to the clients rules. With minimal implementation, the client was able to quickly integrate compliance screening into their business.

Proven Results

In partnering with RDC, the client has experienced minimal disruption in replacing the incumbent and a significant reduction in false positives due to the ability to precisely configure RDC’s screening engine to meet their specific risk profile. Efficiency gains were made with a fully managed workflow, and the client found that RDC delivers a more relevant and comprehensive view of the specific risks the business faces for optimal levels of protection.

Benefits of the RDC Solution

Robust Global Coverage
At over 10M+ profiles of risk-relevant individuals and organizations, RDC has the world’s largest risk compliance
database. Covering sanctions and watch lists, PEPs, as well as global adverse media, RDC was able to provide this client with configurable screening parameters and experienced analysts to reduce workload and focus on relevant risk.

Global Consistency
By leveraging RDC’s platform, this client was able to define and manage the screening rules through a centralized function, ensuring consistency and compliance with the appropriate global standards.

Transparency & Auditability
The RDC solution provides insights into the content added, all matches, analyst decisions, and other details, allowing clients to provide close oversight of the RDC performance as well as to confidently talk to internal auditors and regulators about their screening program and adherence to policies.