SAS Partners with Neterium to Launch Innovative Real-Time Watchlist Screening Solution

SAS Introduces Real-Time Watchlist Screening with Neterium

In a pioneering collaboration, SAS—renowned for its expertise in data and artificial intelligence—has unveiled its latest product: the SAS Real-Time Watchlist Screening. This groundbreaking solution was developed in partnership with Neterium, a forward-thinking regtech firm specializing in API-driven technology. Together, they aim to enhance compliance and operational efficiency for financial institutions navigating a complex regulatory landscape.

The Power of Real-Time Screening

The SAS Real-Time Watchlist Screening is a cloud-native solution designed to streamline the screening process for various entities and payments. What sets this product apart is its dual capability—allowing for both real-time and batch processing of watchlists. With its state-of-the-art matching algorithms, this solution significantly reduces false positives while promoting transparency and confidence among its users.

One notable success story comes from Orange Bank, which reported a remarkable 65% reduction in false positives after implementing this system. This transformation underscores the effectiveness of the solution in enhancing compliance efforts, especially given the mounting pressures from regulatory bodies like the Office of Foreign Assets Control (OFAC) and the United Nations.