Screen Now

What is ScreenNow?

In the evolving environment of sanctions and growing data volumes, it has become more difficult for financial institutions to satisfy persistent compliance of applicable regulations. ScreenNow is Deloitte’s unique technology solution designed to protect clients against sanction risk.

The tool utilizes sanction lists, providing clients a means to apply measures and complete visibility into matching criteria to best suit their business needs. Any changes made to sanction lists will trigger the screening of the client’s customer base and automatically reflect within ScreenNow, delivering automation that guarantees clients continuously remain compliant and protected against sanction risk. ScreenNow provides ongoing, manual and batch screening capabilities to fit the needs of the client and sort through data records swiftly and effectively.

What are the main functionalities, what is the purpose of ScreenNow?

Screening internal data against relevant sanction lists can prove to be challenging due to substantial volumes of client and transaction data processed by institutions daily. For institutions to have effective data management processes instilled, sanction data needs to be updated routinely for applicability and accuracy.

The functionalities that make ScreenNow so special are that it alleviates these issues by supporting varying forms of screening such as ongoing sanction screening, batch screening and manual screening. Continuous sanction screening is the highlight functionality of our solution, the frequency of screens can be easily adapted to fit your risk exposure and preferences.

Batch screening is an ad hoc process of checking the entire customer base all in one file, the tool ensures quick and efficient screens regardless of number of records. In addition, the ScreenNow application can effectively mitigate risk by identifying possible links between a customer and a sanctioned entity by manually screening data stored within the application.

Benefits for Clients?

Regulators across the globe emphasize the importance of implementing new technologies to enhance their anti-money laundering compliance programs to combat financial crime. ScreenNow features a wide range of benefits for our clients making it the software of your choice. The application offers fast adjustments to new sanctions within 24 hours while also providing swift screening of large numbers of records saving you capacity and time. The innovative matching technology was developed in-house and uses a fuzzy matching algorithm, vastly mitigating the number of false positive occurrences.

Deloitte offers a dedicated team of subject matter experts who can provide technical expertise and advisory services to assist in even the most complex cases and our approach to application implementation and maintenance ensures swift deployment and stable operations.

The ScreenNow application maximizes value by meeting customer needs and preferences, being easily tailored to offer different modes of screenings and deployment of multiple lists required by local regulators and internal lists.

All these benefits are included in an attractive and competitive pricing scheme.

Why Deloitte?

Teaming with Deloitte for effective data management for sanction screening provides an opportunity to work with global experts in areas of Risk Advisory, Compliance and ServiceNow solutions. Aside from offering implementation of a premier compliance management solution that is ScreenNow, Deloitte offers a host of other compliance solutions including financial crime team support, investigations, internal compliance management and reviews of contractor’s and customers’ portfolio. Reach out to us and ask about the approach tailored to your company.