The KYC/AML Search Engine
The digitalUs technology developed at the SnT Research Center of the University of Luxembourg provides a solution to automate, and significantly speed-up the background screening process of individuals. It relies on a novel methodology to match the same entity across multiple publicly data sources.
Our AI-based entity resolution technology connects billions of data points across public data sources to create a Unified Digital Profile of a single individual or legal entity without ambiguity.
GDPR by design, digitalUs can launch searches upon request and no data is stored locally. The solution is powered by unique technology, tested during the research phase, that taps into the wealth of data, publicly available, including watch lists, business registers, social media and much more, to produce a unified digital footprint.
The digitalUs platform automates the KYC/AML search process across multiple public data sources in real-time to provide a better user experience.
A politically exposed person (PEP) is one who has been entrusted with a prominent public function. A PEP generally presents a higher risk for potential involvement in bribery and corruption by virtue of their position and the influence that they may hold.
A sanction is a punitive measure levied by a regulatory body in order to change behaviour or impede high-risk entities. These are usually either political or economic in nature, targeting fugitives that pose a risk to society.
Watch lists provided by global and national law enforcement agencies and governments on individuals that are not allowed to conduct financial transactions
The definition varies between jurisdiction, but generally a Ultimate Beneficial Owners (UBO) is defined as an individual who holds a minimum of 10-25% of capital or voting rights in the entity.
Social media activity is playing an increased role in customer due diligence (CDD) practices. Suspicious activity can be spotlighted through social media activity, an individual’s posts, and even the basic information being added to their profile.
The process of screening a financial institution’s client against news articles or similar content that may affect the customer’s final risk by revealing their involvement in money laundering, terrorism, fraud, tax evasion, or other types of crimes
Confidential information has immense value. It's often sold on the dark web; for example, names and credit card numbers can be bought, and then used for the purposes of identity theft or fraud.
Other types of publicly available data can provide crucial data points to connect entities across other resources.
Beltran Borja Fiz Pontiveros is co-founder and CEO of digitalUs.
Georgios Varisteas is a postdoc with a decade-long industry experience as a software engineer in tech giants such as Microsoft and IBM. He provides the expertise and excellence required to design, build and scale the digitalUs service.