Business Case: Adverse Media for Banking

2018-April-24

As a current tool utilized by most large financial institutions to support their AML/KYC processes, Adverse Media can play a significant role in realizing operational efficiency and improved risk decision making. The challenge for many organizations is how to deploy this technology not just in a high risk business line, but enterprise wide, without creating a mountain of work for internal teams eating a mountain of work for internal teams.

  • While many banks have utilized a broad spectrum of negative media coverage when screening their high-risk portfolios, the trend is now to screen the entire portfolio, applying a risk based approach that applies a more targeted spectrum of adverse media risk categories.
  • Once the coverage is applied to the entire portfolio, even on a more focused spectrum, how do teams apply and inject the information without an overwhelming output of alerts?
  • How do you determine what parameters to apply to ensure you aren’t missing something that would result in a clear decision for the bank?

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