RoboRobo Compliance Check Introduces New Functionality for Automatic Character Conversion in Searches

Introduction

In a significant development for compliance and anti-social checks, Open Company, a subsidiary of Open Group Corporation based in Tokyo, Japan, has announced the launch of a new feature within its RoboRobo Compliance Check service. This innovative update focuses on the automatic conversion of variant characters into standard kanji characters during searches, aiming to enhance the efficiency and precision of compliance checks for both companies and individuals.

Background of the New Feature

The necessity for this new functionality stems from the challenges that arise when dealing with variant characters in names or company names during compliance checks. Characters such as "髙" (the variant for "高"), "﨑" (the variant for "崎"), and "𠮷" (the variant for "吉") frequently appear and can lead to inconsistencies when searching databases. Some external databases treat these variant characters as different entities, necessitating repeated searches, where a search for "高" may yield no results, while a second search for "髙" may finally return relevant data. This cumbersome process results in an increased workload for compliance officers, who must navigate the complexities of identifying whether a given character is a variant or a standard kanji, hindering overall efficiency.

To address these issues, RoboRobo Compliance Check has integrated a system that standardizes variant characters to常用漢字, streamlining searches and allowing for improved work efficacy.

Overview of the New Functionality

- Automatic Conversion of Variant Characters: Regardless of whether a search keyword contains variant characters like "髙," "﨑," or "𠮷," the RoboRobo system will automatically convert these to their standard forms (高, 崎, 吉, etc.), enabling a coherent and uniform search process.
- Reduction of Re-seeking Tasks: Previously, multiple searches had to be conducted (i.e., converting standard kanji to its variants) to ensure accuracy in research results. With the new feature, compliance officers can complete their investigations in a single search, significantly alleviating their workload and stress.
- Absorption of Database Differences: The RoboRobo system effectively mitigates variances in how databases treat variant character processing, allowing officers to focus solely on the search results without fretting over discrepancies in character notation.

Benefits of Implementation

- Significant Decrease in Search Workload: By removing the need for manual re-seeking based on variant characters, the RoboRobo function dramatically cuts down the amount of time spent on searches.
- Reduction of Oversight Risks: The chances of overlooking critical information due to variant character discrepancies are minimized, ensuring a more uniform search experience across various databases.

Future Prospects

Moving forward, Open Company is committed to leveraging the latest technology to support operational efficiency and standardization in the field of compliance checks, ensuring customer peace of mind in business development.

About RoboRobo Compliance Check

RoboRobo Compliance Check is a cloud-based tool utilized by over 9,000 companies, specifically designed for anti-social checks. It provides a comprehensive solution blending risk management with legal compliance tasks.

Key Features:

- Extensive Database Searches: Conduct checks across multiple databases, including news, social media, credit information, and various specialized databases, all from a single tool with just one click.
- Competitive Pricing: Benefit from one of the industry's lowest cost performance, with checks starting around 300 yen each, adaptable to both periodic and bulk checks.
- Seamless Integration with Various Services: The system supports robust integrations with contract-related services, utilizing APIs and RPA for customized business workflows.
- Unique AI-Driven Features: It includes internal tools for AI relevance assessments and article summarization, aiding user decision-making effectively.
- Contract Management on a Single Platform: Visualize contract validity and expiration seamlessly, fostering continuous risk management around transactions.
- AI Agent Capability: The system generates comprehensive health evaluation reports based on multiple factors like financial soundness and governance health, providing necessary insights in a chat format.