Global online ID verification provider Ondato has released an AI-powered adverse media screening feature that automatically scans online sources for negative mentions during identity verification processes. The tool analyzes context and source credibility to generate real-time summaries for anti-money laundering (AML) officers.
The feature integrates with Ondato’s existing Know Your Customer process and automatically screens for mentions such as fraud allegations or lawsuits.
“As AML officers face growing pressure to increase accuracy and reduce onboarding time, our goal is to empower them with smarter tools,” Liudas Kanapienis, CEO and co-founder of Ondato, said in a news release. “The launch of AI-powered adverse media checks is a big step forward in our mission to automate time-consuming compliance tasks.”
