byMaud Vonlanthen on 15 Sep. 2022
Fuzzy name matching for AML/KYC compliance is very challenging due to a variety of inherent difficulties such as typos, spelling differences, aliases and, in some cases, transliteration problems. Chinese names can be particularly difficult, especially when dealing with following two scenarios:
Matching transliterated Chinese names against real Chinese names
Matching real Chinese names against real Chinese Names
IMTF’s latest update to its proprietary name screening solution scores precision and recall levels of up to 99.99%. This means: less than one false positive and one false negative per 10’000 records. All this while achieving average speeds of 200-300 ms per record.
In order to achieve these advanced scores, different methods and models need to be applied for specific situations. IMTF has developed a specific process for chinese names, which inlcudes:
Original Chinese character recognition using the Four-Corner Method
Transliteration into various romanized forms using:
the detection of accented forms
the detection of vowels phonetic similarity
other fuzzy scenarios
Extensive feature engineering
Detection of transliterated Chinese names
➡️ Want to know more about our name screening solution? Contact us, we’ll be happy to provide additional information or arrange a demo.