New API version 2.0

After months of long hours for our dev team, we are very happy and proud to announce our new API version 2.0🚀. This new API version is a big step forward and contains many new and very useful features. One of the biggest changes is our new Smart Screening Technology which will help reduce significantly false positives and negatives.

Free Consultation

Schedule a free call with our Customer Success Team to discuss how we can help you improve your AML compliance process.

Book a call

New Name Matching Technology

Name Matching is the real challenge in Sanctions & AML compliance: Transliteration issues, Nicknames, Honorifics, Spelling errors etc. make name screening a challenge that can’t be solved with simple fuzzy algorithms.

For example, the cases below demonstrate just some of the various problems you can encounter in your screening process:

  • Matching a Russian name in Cyrillic script against a list of names in latin script
  • Various spelling variations a name can have after transliterating it into another language
  • Nicknames or Initials

Common Name Matching Problems

Our new API version helps with all these issues by utilizing the latest research and achievements in Natural Language Processing (NLP) and Artificial Intelligence (AI) of our technology partner Basis Technology. Basis Technology is a leader in the AI-based text analytics field and its technology is used by organizations such as Amazon, LinkedIn, U.S. Homeland Security and many more.

This technology helps reducing significantly False Positives while making sure that no real match slips through the cracks.

Find more information in our Knowledge Base, our API documentation or just reach out to our Customer Support for a quick demo.

New Sanctions Lists and API Features

Since our initial API version 1.0 we have released in total 9 new API versions where we not only added new Sanctions Lists but also a number of helpful new features and data fields for Vessels, Aircraft and Crypto Wallet Addresses.

See our API documentation for all the new data sources and features.

Up to 5x faster API responses

We also continued working on optimizing our infrastructure and we are happy to announce that we could improve our API response time in version 2.0 by up to 5 times. More information about our infrastructure etc. can be found on our Knowledge Base.

Subscribe to our Newsletter

Subscribe to our Newsletter right now and never miss again any new Articles, Guides and more useful content for your AML and Sanctions compliance.

More from our Blog

What Is Money Laundering and How Does It Work? 

Financial criminals generate profits from their acts and often disguise these proceeds through money laundering, enabling criminal parties to use their funds without jeopardizing their

What Is Trade Compliance?

Trade compliance is the processes and procedures by which goods enter and exit a country in adherence to relevant laws, regulations and other requirements of

What is Enhanced Due Diligence (EDD)?

In today’s complex regulatory environments, businesses have to be careful about who they have business dealings with. Enhanced Due Diligence is an advanced KYC due