Live Adverse media screening (also known as media monitoring or negative news screening) is one important part of customer due diligence (CDD). At its most simple, adverse media screening is the process through which a customer, or prospective customer, is compared to (“screened against”) negative news and data sources. Live Adverse media screening allows firms to spot a potential problem before the institution becomes associated with it or allows its reputation to suffer as a result
Here's the key benefits :
- Delivers a targeted web search to identify any adverse media issues before they potentially impact an organization
- Identifies adverse media events that fall outside of standard risk inclusion criteria, allowing users to track broader reputational risks
- Provides both point and batch adverse media screening
- Simple, intuitive, and user-friendly interface for ease of navigation and clarity of results
- Easily and quickly manage your data sources to avoid any duplication of results
- Bulk discounting is available for potential matches
- Consolidated reporting available, with full audit trail
- The ability to schedule repeat searches, which will be run automatically at the specified interval (ranging from 1 day to 3 years)
- Ability to initiate a search via API, and to handle the results in another application if required
Please note: Live Adverse Media Module is an ad hoc module which requires an additional subscription with KYC360.