The purpose of this article is to outline the pros and cons in context of when you compare both product options side by side.
Please find below a table that highlights the distinct differences between structured AVM and Live AVM, in addition to where these are located in your RiskScreen Core and Hosted Batch Screening Solution.
Key differences between Structured AVM vs Unstructured AVM:
Factiva Reader Access (Structured Adverse Media):
- Within KYC360 Screening tool:
- Structured AVM relates to the Factiva links.
- This comes through at the bottom of a profile within DJ – see screenshot below.
- Within RiskScreen Core tool:
- Factiva links (Structured AVM) may present as part of the search in RiskScreen.
- This comes through at the bottom of a profile within DJ – see screenshot below.
Live AVM Module (Unstructured Adverse Media):
- Live AVM searches occur within your RiskScreen Core tool, however is an additional module in your overnight screening solution.
- Live AVM screening enables Cavendish to leverage a range of information available in Google Search/Bing Search/Bing News, which is a useful tool to supplement your CDD process.
- Conducting searches for adverse media enhances companies' awareness of potential financial crime risks posed by both existing and prospective customers.
- Live AVM may reveal involvement in criminal activity, as this process retrieves results, in instances where a prospective client may be undergoing trial for a crime, and the proceedings have not yet been concluded.
Location:
- Within KYC360 Screening tool:
- Unstructured Live AVM, if you proceed with the adoption of the Live AVM module in Hosted Batch, will appear as part of a potential match as per screenshot below.
- Within RiskScreen Core tool:
- Unstructured Live AVM already presents as part of the search in RiskScreen- please refer to screenshot below.
Hopefully this has presented and highlighted the key takeaways of how these 2 products operate in conjunction to one another.