Castellum.AI leverages artificial intelligence across a few key areas related to our data enrichments and search process.
- Enriching, standardizing and cleaning global risk data. Global risk comes in hundreds of languages, formats and from millions of different sources. We leverage AI to structure, enrich and clean this data and identify errors in the source data. This ensures more accurate screening and ongoing monitoring of risk for our Clients. We have found and corrected agencies such as OFAC, BIS, Federal Reserve, EU Sanctions, CA SEMA, UK OFSI, and many others. Examples of this can be found on our “Department of Corrections” page here.
- Optimizing our proprietary and patented matching algorithm to significantly reduce false positives while increasing capture rate of true hits. The result of this can be material for Clients, enabling reduced compliance workloads by up to 94%.
- Auto-adjudication (Arbiter – see here) of in-house and legacy screening provider alerts. Arbiter can reduce false positive noise by up to 94% while capturing 100% of true positives.