SAFE Forensic Analysis®
SAFE Forensic Analysis® is an automated solution that helps financial institutions and corporations comply with federal regulations to combat fraud and financial crime. With its advanced unique methodology, SAFE Forensic Analysis® identifies terrorists, drug kingpins, criminals, Politically Exposed Persons (PEPs) and other high-risk persons of interest in large databases – in minimal time and with minimal effort. SBS’ success is attributable to tackling the inherent challenges in this space with a unique approach and methods different from those used in competing applications. SAFE Forensic Analysis® enables us to mine client databases containing many millions of records, including names, addresses and other information and to highlight individuals and entities of the highest risk, highest relevance and highest probability of being true matches.
Case in Point: SBS continually tests our proprietary algorithms against public databases. Recently we began testing one of our new techniques, “Collective Entity Resolution,” on the FAA Airmen Registry. This public database consists of certified airmen and contains approximately one million pilots, flight crew members, mechanics, dispatchers and instructors, etc. of which approximately 150,000 are listed with foreign addresses. Since SBS does not have access to confidential government sources, we make use of “open source intelligence” that is publicly available on the Internet. Our tests ran for approximately two hours and yielded several alarming potential matches. After four days of further investigation, a dozen matches were confirmed beyond any doubt. The New York Times joined us in exposing the Lockerbie bomber, who was still FAA licensed as a dispatcher… on the verge of his release from prison.
This true story best illustrates SBS’ unique capabilities of using fuzzy logic to recognize ambiguities, transliterations, misspellings or partial records within a data set and to resolve identities.
To find out how our SAFE Forensic Analysis® can work for you, contact us today.
If you’re curious about SBS’ unique approach, but aren’t ready to commit to the full Forensic Analysis, test our solution on a sample of your database. Our Proof of Concept approach has proven especially valuable to those institutions wishing to proactively validate their AML program, anticipate regulatory changes or conduct due diligence for a potential merger/acquisition. You never know what you could be missing.