Sanction Data Creation Solution

Banks face an urgent challenge in managing sanction data, as reliance on manual entry and outdated digital methods like OCR leads to unstructured data dumps and an overwhelming volume of false positives. This inefficiency not only drives up operational costs but also slows down critical compliance processes, increasing the risk of regulatory penalties and reputational damage.

Our Digital Experts, built on Purple Fabric, identify nouns in a key-value pair format from documents, de-duplicate them, and prepare a noun data file for interfacing with the bank’s sanction screening platform.