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SAFE Strength Index

Increasingly rigorous regulations have forced many financial institutions to make significant investments in technology but more often than not, these systems are not optimized to their full potential. The result is a floodgate of alerts that become difficult to resolve in a timely manner.

To tune out false positives, a disciplined methodology that meets regulatory scrutiny must be implemented. SAFE Strength Index is a probabilistic framework for alert prioritization and false positive elimination. It looks to four main areas to rate the strength of potential matches returned by the filter:

  • Date of Birth
  • Geographic Information
  • Name match quality
  • Name commonness

The business rules behind SBS’ strength index evaluate information in these areas for points of corroboration and conflict. The goal is threefold:

  1. Empower our clients to eliminate the vast majority of false positives returned from any name matching software by using points of conflict to rule out matches without the need for manual intervention.
  2. Prioritize those alerts that are most likely to be true (that is, those that are least likely to occur randomly) where data points are corroborated across the two records.
  3. Do this safely.

We accomplish this by ensuring that all alert reduction techniques are designed (and tested in real world scenarios) to ensure that they never dismiss a potential match. Used together with the SAFE Exposure Index®, SAFE Strength Index thresholds can be set at a granular level for different levels of risk.

SBS clients implementing SAFE Strength Index have shown consistent metrics for enhanced screening performance by eliminating 85% to 95% of alerts created and prioritizing those alerts that are most likely to be true.

Alert Haystack