#United States #New York #Sigma360 #Risk Screening #Yanez Compliance

Sigma360 Enhances Risk Screening Through Partnership with Yanez Compliance

In an era where compliance and effective risk management are paramount, Sigma360 has recently announced a strategic partnership with Yanez Compliance, a firm recognized for its expertise in financial crime prevention systems. This collaboration aims to elevate the standards of operational performance through independent validation processes and benchmark assessments.

The partnership highlights the results of an independent validation exercise conducted by Yanez Compliance, which confirmed Sigma360's superior accuracy and reliability in risk screening. Yanez performed a thorough benchmarking of Sigma360's models against those of a leading incumbent provider, gauging key performance dimensions such as list update freshness, fuzzy matching accuracy, and the reduction of false positives. The outcome demonstrated that Sigma360 not only meets but significantly surpasses regulatory expectations in terms of performance and compliance.

Stuart Jones, Jr., CEO of Sigma360, emphasized the importance of providing clients with more than just sophisticated technology. He noted that there is a pressing need for confidence in model performance under real-world scenarios. Jones stated, "By partnering with Yanez Compliance, we're ensuring that our clients have both a robust platform and independent validation to back it up."

Benefits of the Partnership
One of the most striking advantages of this collaboration is the accelerated vendor selection process for clients. With the validation from Yanez Compliance, companies can complete their selection and evaluation processes in just six weeks, a stark contrast to the usual 8 to 9 months. This expedited approach translates to substantial savings in costs and resources, allowing for quicker deployment of vital compliance technologies.

Moreover, clients utilizing Sigma360 will have the benefit of Yanez Compliance's tailored model fine-tuning. This offers organizations the ability to adapt their systems to meet evolving market and regulatory challenges with confidence. José Caldera, CEO of Yanez Compliance, remarked that "Sigma360's model demonstrated superior performance in our validation process as compared to its competitors. This partnership aims to continuously support clients through testing, tuning, and validation assurance."

A New Standard in Compliance and Monitoring
Sigma360 is renowned for its state-of-the-art, AI-driven risk screening platform that streamlines the management of client relationships across various sectors. The cloud-based platform can deliver risk assessments at unprecedented speeds, enabling financial institutions, asset managers, and corporations to efficiently consolidate operations while enhancing their risk intelligence capabilities.

On the flip side, Yanez Compliance specializes in automated solutions that facilitate seamless testing and monitoring of financial compliance systems without the labor-intensive manual processes traditionally associated with these tasks. By aligning their expertise, both Sigma360 and Yanez are setting a new benchmark for performance, transparency, and assurance in the compliance ecosystem.

Conclusion
This partnership signifies a substantial step forward for Sigma360 and its users in achieving excellence in risk management and compliance. The validation from Yanez Compliance not only emphasizes Sigma360's commitment to transparency and high standards but also assures clients that they are leveraging technology that is proven, effective, and compliant. Together, these organizations are equipped to lead in a landscape increasingly dictated by stringent regulatory requirements and evolving market dynamics.

For more information on Sigma360, you can connect with them through LinkedIn or visit their website at www.sigma360.com.