Comprehensive external evaluation of screening, adverse media
and other aspects of the Sigma360 platform provide confidence and
independent validation to support end-user model risk management
and governance
NEW
YORK, July 30, 2024 /PRNewswire/ -- Sigma360®,
the definitive AI-powered risk screening and monitoring platform
that enables compliant global relationships, today announced
successful independent validation of its software platform and
corresponding models by Compliance Analytics Limited, a renowned
global testing and validation provider.
"We are confident in the performance, differentiation and market
leadership of the Sigma360 platform and have now achieved
independent and documented validation on our approach," said
Stuart Jones, Jr., CEO of
Sigma360. "External validation substantiates the rigor of our
work to date and further supports our clients in their model risk
management and governance documentation and discussions with
regulators."
Model risk governance and associated documentation is required
by regulators and represents a critical element in well functioning
screening and adverse media programs. The work to document a
system's model, typically, falls to end-users to complete in
consultation with their vendor. To get ahead of this, and to
provide more robust documentation on-demand, Sigma360 opened its
software platform to independent review and results-based reporting
by an independent industry veteran.
"The Sigma360 software platform provides robust, configurable
and explainable matching logic and other data triage capabilities
to drive world-class outcomes across sanction, PEP and adverse
media screening programs," said Haibo
Zhang, Director of Compliance Analytics Limited. Zhang
formerly served as HSBC's Senior Vice President and Global Head of
Applied Analytics, responsible for driving the analytics strategy
for its global financial crime threat mitigation function.
The cloud-based Sigma360 platform automates the process of
assessing the risk of individuals and companies across vast amounts
of data, including global sanctions, watchlists, enforcement
actions and disparate media on a dynamic basis. The platform also
provides on-the-fly network risk screening and entity risk scoring
using all-source data to drive a complete and contextualized view
of a customer or third party.
From a security standpoint, Sigma360 holds a SOC 2, Type II
security audit, performs regular independent third-party
penetration testing and retains a Chief Information Security
Officer to ensure customer data is safeguarded to the highest
standards.
To learn more about Sigma360's name and transaction screening
capabilities, please
visit: https://www.sigma360.com/solutions/sanctions-and-watchlist-screening
To learn more about Sigma360's adverse media screening and
monitoring capabilities, please visit:
https://www.sigma360.com/solutions/adverse-media
To view Sigma360's adverse media capabilities in practice, visit
the Risk Event Heatmap:
https://www.sigma360.com/solutions/adverse-media#heatmap
About Sigma360
Sigma360's cloud-based data platform has emerged as the
definitive choice for point-in-time risk screening and perpetual
client monitoring, protecting over $2
trillion in company value and assets. Underpinned by
thousands of fully integrated and hosted data sources and
proprietary resolution, risk extraction and scoring algorithms, the
platform can identify and return direct and network-based entity
risk at sub-second speeds. Sigma360's solutions are used by
financial institutions, professional services firms, fintechs and
global corporations seeking to consolidate operations into a
singular risk intelligence platform and more efficiently manage the
entire client lifecycle.
Connect with Sigma360 via LinkedIn or at
www.sigma360.com.
Media Contact:
Alexandre de Villiers
212-575-0233
381048@email4pr.com
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SOURCE Sigma360