Enhanced Name
Screening

IMT Name:ID™ is an enhanced name screening solution that leverages name scoring and searching technology used by the US Government as the gold standard. Our process ensures a reduction in false negatives as well as providing a highly configurable filtering and alerting component that ensures fewer false positives.

Name:ID uses IBM’s world class Global Name Management software to create a fully integrated, enhanced name screening solution for users of IBM Identity Insight or IBM Master Data Management software.

Name Screening
Challenges

Stricter regulatory compliance requirements and possible sanctions enforcement are driving more and more organizations to pay more attention to who they are doing business with.

Name screening against Corporate Registries/Sanctions Lists and Politically Exposed Person (PEP) lists is necessary to maintain regulatory compliance with anti-money laundering (AML)/Know Your Customer (KYC) obligations. Existing watchlist databases and services allow organizations to ensure that they are not doing business with a person or organization that may be somehow compromised. The problems with these subscription based sanction lists are twofold; one, the number of false positives where a person is incorrectly placed on a list causing hardship to this person, and two, the inability to effectively resolve (or relate) an identity to the list due to poor data and/or matching and resolution capabilities.

The first is simply a function of how to compare and score names. In an earlier blog, we emphasized how difficult it is to do name matching as global commerce, multiculturalism and migration increase the complexity in simple name matching. The second is related to how you resolve identities in your data as part of the process so that more information can be used in determining high quality matches against a sanction list.