Rosette for Financial Compliance

Stay Ahead of Regulators by Addressing Multilingual Compliance Issues

Compliance regulations around the world are tightening and as a result, financial institutions must screen customers and transactions against terrorism and sanctions watch lists. At the same time, the penalties for non-compliance have been increasing. With record fines and executive accountability, the risks of operating a financial institution are at an all time high.

Operating in this increasingly global environment presents a whole new set of problems. When customer names are in one language and the watch list is in a different language, you must still be able to evaluate your risk.

Will you rely on a single translation by an expensive linguist?
What is transliteration and how do you know if it is working?
Are there watch list hits that you are missing?

“We’re really impressed with Rosette Name Translator’s capabilities and how it has improved our OFAC name checking process.” — Peter Wilkinson, VP of Application Development NCB Capital

The Rosette Solution

Rosette is designed to provide a flexible set of capabilities for translating and searching names in many languages through two components.

Rosette Name Translator (RNT) provides high-quality name translation. By integrating RNT with your existing compliance solution you’re able to quickly and easily translate your customer names into English at any point in your compliance process: account opening, KYC, watch list filtering, or fraud monitoring.

Rosette Name Indexer (RNI) provides watch list filtering in multiple languages. Don’t miss a potential hit, even if customer names and watch lists are in different languages or scripts. This unique technology can directly compare names in different languages without requiring translation.

Rosette Name Translator

Rosette Name Translator delivers lower cost and higher reliability than conventional approaches by utilizing a knowledge-based translation engine.

Automated Name Translation:

Human translation is expensive and error prone
Many Financial Systems only work with Latin alphabet
Naïve transliteration is inaccurate

By leveraging our unique combination of statistical models, language-specific rule sets and phonetics, we offer a true translation capability – going far beyond the confusion and inconsistency of traditional transliteration approaches.

Enable your existing compliance solution to process names in multiple languages with Rosette Name Translator. It is designed to easily integrate with account opening, Know Your Customer, watch list filtering software and fraud detection software.

Rosette Name Indexer

Rosette Name Indexer is a cross language watch list filtering engine which leverages linguistic knowledge to find matches that other name matching products cannot.

Cross language name search engine utilizes linguistic knowledge to:

Reduce false positives
Prevent missed matches
Provide advanced scoring thresholds

RNI uses knowledge of different cultures and writing systems, which allows it to handle spelling variations and errors, and non-standard Romanizations of names from many languages – within and across script boundaries.

How can your organization comply with international sanctions programs when your customer names are in one language and the sanctions list is in another?

The problem is further magnified when the lists themselves contain multiple languages or translated data – like the U.S. OFAC List. There is no single standard for name translation, and manually translating names is expensive, time-consuming, and error-prone.

Control your exposure to risk by directly matching names in different languages with our highly accurate filtering engine designed to work effectively in the global compliance environment.

Watch lists are often only provided in English
Customer data may reside in multiple languages
Information is lost in the translation process

Translate and Search for Names written in Arabic, Chinese, Dari, English, Farsi, Japanese, Korean, Pashto, Russian, and Urdu.

Matching Features

RNI is able to handle the following matching problems:

Names in different scripts
Phonetic spelling differences
Orthographic spelling differences
Nicknames
Initials
Titles
Missing name components
Out of order name components

For More Information

Learn More

For more information check out a solution brief on Financial Compliance, or read a whitepaper about Why Know-Your-Customer (KYC) Has New Meaning for Financial Institutions: The increasing complexities of matching customer names with watch lists or about How to Make the Right Match on Watch Lists.

	Fill out the form below, and we’ll contact you about your Rosette for Financial Compliance questions. * indicates a required field
	First Name: *

	Last Name: *

	Organization: *

	Email Address: *

	Phone: