Immediate Actionable Insights into Your
False Positives
Our False Positive Analyzer (FPA) delivers deep insights into the root causes of false positives. It enables businesses to review historical alerts, uncover recurring patterns, and identify key drivers behind inaccurate results. Empower your team with clear, actionable intelligence to streamline investigations.
How It Works
1. Uploaded File and Inputs
2. Map Fields
3. Start Analyzing
Reclaim Your Day
By pinpointing where and why you are receiving false positive matches you’ll be able to quickly correct key false positive drivers within your current screening platform. Alessa allows you to analyze up to 10,000 records for free. The analysis will provide actionable information about the root of your false positives, including:
- Top 5 Update Categorizations
- False Positive Rate
- Top 4 Match Scores
- Top 5 Keywords
- Screening Efficiency Level
- Top 5 Countries
- Entity Type
- Top 5 Data Sets
What Will the FPA Do for You?
False Positive Insights
FPA provides insightful analysis that allow businesses to better understand the drivers behind each false positive result.
Retrospective Analysis
Review historical false positives to identify recurring patterns and assess which parameters or data sources consistently lead to false alerts.
Data-point Impacts
The FPA analyzes how a single data-points or combinations of multiple data-points affect false positive ratios, improving screening accuracy and efficiency.
The Benefits
False Positive Optimization
A systematic analysis of false positives helps compliance teams identify key drivers, optimize screening parameters, improve data quality, enhance efficiency, and reduce operational costs, ensuring more accurate and effective compliance processes.
Data-Driven Decision Making
An in-depth analysis of false positives uncovers key inefficiencies, enabling compliance leaders to make informed decisions, prioritize adjustments, allocate resources effectively, and track performance to reduce false positives over time.
Improved Screening Accuracy
The FPA evaluates parameters that cause false positives and provides insights on high-impact parameters that result in the most false positives. It helps compliance team in working towards reducing false positives.
Optimized Decision-Making
Within minutes, learn how to reduce the burden of manual review while enhancing the decision-making process, ensuring that genuine risks are prioritized while minimizing disruptions caused by irrelevant alerts.
Key Questions
Who benefits from using the False Positive Analyzer?
Key False Positive Analyzer users usually come from the following industries:
- Banks & Financial Institutions
- Credit Unions, Investment Firms, Insurance Companies
- Equity, Investment and VC firms
- FinTech Companies & AML Screening Platforms
- Consulting, Diligence Firms
- AML Global Delivery Service (GDS) Centers
Do you know the reasons why you have high false positives?
High False Positive: Many name screening tools often generate high false positives by incorrectly flagging individuals or entities as risks, even when they don’t match target profiles in sanctions, PEPs, or regulatory databases.
Has an expert done an analysis to help you decipher what goes to drive high-false positive rates?
Workload Strain: Compliance teams face a significant workload increase due to the high volume of false positives, detracting from their ability to focus on actual high-risk cases.
Have you done a quick analysis on your whole data to understand what can you do to reduce resources by optimization?
Screening Delays: False positives delay name screening, hindering the timely identification of red flags. This can result in regulatory penalties and reputational damage.
With Alessa and RZOLUT, not only can you discover the root of your false positives, we can help you eliminate them. Book a meeting with one of our risk specialists to learn more.
About Alessa
Alessa is an AML compliance, controls monitoring and fraud management solution for banking, insurance, FinTech, gaming, manufacturing, retail and more. With deployments around the world, Alessa allows organizations to quickly detect suspicious transactions, identify high-risk customers and vendors and decrease fraud risks that reduce profitability and increase costs.
About RZOLUT
RZOLUT is a RegTech company focused on democratizing data intelligence. It provides global organizations with essential Diligence, Risk, and Compliance tools to identify and monitor risks involving their customers, vendors, and businesses. RZOLUT maintains high-accuracy Risk Data Assets covering 238 jurisdictions and 120 languages worldwide. Chartis Research recently named RZOLUT a Top 50 Financial Crimes and Compliance vendor.
Disclaimer
While we have exercised reasonable care to ensure the accuracy, reliability, and completeness of the data provided, we make no guarantees regarding its accuracy or suitability for any specific purpose. This information is supplied “as is” without any express or implied warranty, and we disclaim any legal liability or responsibility for any loss, damage, or cost resulting from reliance on this data. We recommend conducting further verification as necessary.
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