Accuracy improvement in financial sanction screening: is natural language processing the solution?

Sanction screening is a crucial banking compliance process that protects financial institutions from inadvertently engaging with internationally sanctioned individuals or organizations. Given the severe consequences, including financial crime risks and potential loss of banking licenses, effective e...

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Bibliographic Details
Published in:	Frontiers in artificial intelligence Vol. 7; p. 1374323
Main Authors:	Kim, Seihee, Yang, ShengYun
Format:	Journal Article
Language:	English
Published:	Switzerland Frontiers Media S.A 2024
Subjects:	financial institutions financial sanction screening fuzzy matching algorithm Natural Language Processing (NLP) sensitivity text similarity financial institutions fuzzy matching algorithm sensitivity text similarity Natural Language Processing (NLP) financial sanction screening
ISSN:	2624-8212, 2624-8212
Online Access:	Get full text
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