Case Study: a leading global bank identifies sanctioned entities in real time with Ab Initio Software

Faced with correctly identifying a sanctioned individual, looking for that proverbial needle in the haystack was looking more and more attractive

The leading global bank faced a challenge in identifying sanctioned entities across thousands of transactions per second without halting legitimate business. Their existing systems were unable to process data at the required speed and accuracy, leading to regulatory concerns. They turned to Ab Initio for a solution that could handle this scale with powerful, rules-based pattern-matching capabilities.

Ab Initio implemented its high-speed, scalable software to process the transaction stream in real-time with incredibly low latency. The bank used Ab Initio's technology to develop sophisticated matching rules, which they ran in parallel with their original system for consolidated, confident results. This new approach allowed the bank to identify sanctioned individuals with remarkable accuracy, minimize false positives, and satisfy regulatory requirements, all while maintaining seamless transaction processing.