A Compliance Industry First: Money-Back Guarantee for AML Screening
September 17 2024 - 8:38AM
Business Wire
No Other Screening System Guarantees a
Reduction in False Positives
AML compliance screening platform Castellum.AI
is proud to launch a money-back guarantee, an industry-first in the
AML space. Our commitment to delivering an excellent client
experience means Castellum.AI is the only provider in the market to
guarantee that clients’ false positive rate will go down, or your
money back.
Castellum.AI clients save hundreds of hours annually by reducing
unproductive alerts, dramatically reducing the cost of compliance.
This means businesses can streamline their compliance operations
and focus on what really matters: preventing financial crime.
What Backs Castellum.AI’s Guarantee
- Patented Enrichment Process: Castellum.AI is built on
the premise that quality data is at the core of effective
compliance. Our patented process standardizes and enriches risk
data directly from issuing authorities, ensuring accuracy and
reliability.
- Proprietary Jgram Algorithm: Purpose-built to reduce
false positives, Jgram functions across all languages and excels in
high-volume screening environments, making it the top choice for
institutions with complex compliance needs.
- Real-Time Monitoring: Our real-time monitoring
capability only alerts you to changes relevant to your client and
supplier base. We cover risk globally, across sanctions, PEPs,
adverse media, sanctioned beneficial ownership and more.
“Clients buy compliance software for two simple reasons: to not
get fined and to reduce false positives. As a former compliance
executive, I know how frustrating it is to buy a system that
doesn’t work as advertised,” said Peter Piatetsky, Castellum.AI
CEO. “This is why Castellum.AI has offered free trials since day
one, and why we’re expanding this with our offer to enterprise
clients: we guarantee a false positive reduction when you move off
of a legacy vendor, or your money back.”
About Castellum.AI
Castellum.AI is a B2B compliance solution that helps governments
and businesses identify and prevent financial crime. With a global
risk database covering sanctions, PEPs, adverse media, sanctioned
beneficial ownership (SBO) and other data categories, compliance
teams can easily screen customers, other counterparties and
transactions to comply with AML regulations. Castellum.AI users can
integrate risk data screening directly into existing core, CRM and
case management systems or access via the Castellum.AI
platform.
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version on businesswire.com: https://www.businesswire.com/news/home/20240917457695/en/
Spencer Vuksic Email: contact@castellum.ai