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Minerva
Automated Risk Screening and Ongoing Monitoring That Scales

Minerva
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Home: https://www.gominerva.com

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What is Minerva?

Minerva provides an advanced solution designed for compliance teams struggling with inefficient legacy screening systems. Traditional methods often generate a high volume of false positives, consuming significant time and resources. Minerva addresses this challenge by employing Artificial Intelligence to refine the screening process, successfully reducing false positives by up to 75%. This significant reduction enables compliance teams to shift their focus from managing noise to identifying and addressing genuine risks effectively.

The platform integrates seamlessly into compliance workflows, offering automated client risk screening during the onboarding phase. It simplifies the management of alerts related to Sanctions, Politically Exposed Persons (PEPs), and Adverse Media. Minerva also facilitates scheduled ongoing monitoring tailored to specific requirements. Developed by Anti-Money Laundering (AML) industry experts, it ensures comprehensive risk coverage by accessing vast global data sources, including sanctions lists, legal records, and business registries, thereby supporting robust AML compliance programs.

Features

  • AI-Powered False Positive Reduction: Leverages AI to decrease false positive alerts by up to 75%.
  • Automated Client Onboarding Screening: Automatically screens clients for potential risks as they are onboarded.
  • Integrated Alert Management: Provides tools to easily action alerts for Sanctions, PEPs, and Adverse Media.
  • Scheduled Ongoing Monitoring: Allows users to schedule automated monitoring routines at their preferred frequency.
  • Access to Global Data Sources: Screens against hundreds of thousands of global sources, including sanctions lists, adverse media, legal information, and business registries.
  • Seamless API Integration: Designed for easy setup and integration with existing systems via API.

Use Cases

  • Streamlining AML compliance processes for financial institutions.
  • Reducing the manual workload associated with reviewing false positive alerts.
  • Conducting efficient KYC (Know Your Customer) checks during client onboarding.
  • Implementing continuous monitoring programs for existing clients.
  • Enhancing detection of sanctions, PEPs, and adverse media mentions.
  • Improving overall compliance program efficiency and effectiveness.

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Average Response Time

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