|Why eWatchLine is a Better Solution|
eWatchLine provides an easy-to-use solution for matching against government-provided lists. Subscriptions include: detailed reports of matches accurately categorized by degree of similarity/difference; statistical reports of matching activity; and a full audit report.
Data Cleansing and Preparation — To maximize matching accuracy and efficiency in spite of discrepancies and inconsistent formats, eWatchLine performs a rigorous data cleansing of both the raw government suspect lists and the organization's data prior to matching. This cleansing includes:
Data Linking The organization's names are matched and compared against government lists, utilizing extensive and powerful heuristic linking technology to go beyond name-only matching to search on address only, or both name and address. This linking technology identifies duplicates despite a wide range of record variances.
Users can easily establish specific criteria that represent the degree of similarity allowable, thereby adjusting the linking granularity to meet their unique business needs, while minimizing or eliminating false-positive matches. (False positives represent those records that would not have been flagged for review if a more specific link definition had been employed. For example, false positives include the incorrect linking of BANK OF BOSTON to the OFAC record BANK OF IRAN, and the linking of MIRANDA SMITH to any OFAC record from the country of IRAN.) Less sophisticated matching systems are likely to flag these combinations as potential matches, unnecessarily increasing the time and effort required for review. It should also be noted that flagging extra false positives is not an effective strategy for increasing the likely identification of true matches. Without filtering systems that adjust for complex noise words and misspellings, the wrong data elements will be used for matching, and valid matches will be missed.
User Control of Matching