Meet Evan, Your AI Agent for Adverse Media Monitoring

Evan is a pre-built AI Agent focused on automating adverse media monitoring. Evan sifts through troves of potential negative news articles and clears away the noise from false positive alerts, while prioritizing potential areas of risk. This vastly simplifies a key part of Customer/Vendor Onboarding and KYC/KYV Refresh, as well as other uses like counterparty analysis of payments and remediations.

AI Agent Evan significantly reduces the amount of time spent by human analysts on manual reviews for adverse media screening. Evan automatically finds and reads articles, assesses the adverse context of keywords as they relate to the subject of the search, spots risk factors like mentions of rogue nations or politically exposed persons (PEPs), and prioritizes the relevance of each article. He optimizes a 20-minute human process down to 2 minutes, helping companies cut through the request queue while assisting the team with stronger results and a detailed audit trail.

Evan is not an adverse media screening tool. He is a pre-built AI Agent that integrates with news sources and existing case management tools to reduce the negative news alert noise. Simply put, he automates the manual work traditionally done by Level 1 analysts to increase speed of analysis, improve consistency and quality of the review process, and mitigate risk by prioritizing key escalations and enhancing the depth of reporting.

Team up with Evan to achieve extraordinary results

80%+

Reduction in false positives needing manual review

60–80%+

Reduction in manual effort

Evan’s Responsibilities as an AI Agent for Adverse Media Monitoring

Evan’s focus as an AI agent for adverse media monitoring is to protect your organization from risky client relationships by reviewing alerts for screened organizations and associated individuals. Evan reviews adverse media returned for individuals and companies, prioritizes and adjudicates articles based on demographic information, materiality, focality, and duplicate detection features. His responsibilities include:

Review and disposition adverse media alerts as part of KYC or periodic refresh process.
Make decisions about the escalation or closure of cases.
Conduct searches, gather data and record evidence from internal systems, the internet and commercial databases. When necessary, make inquiries with business or compliance contacts within the organization.
Enforce internal strategies, policies, procedures and processes related to monitoring and escalating sanctions alerts and regulatory requirements.
Capture and summarize alerts analysis with supporting documentation in adverse media systems.
Ensure all alerts analysis and investigations are performed within the timeframe provided in policy and stipulated in SLAs; maintain thorough audit trails.

Evan’s Capabilities as an AI Agent for Adverse Media Monitoring

Evan is not a news screening tool and much more than an adverse news software. As an AI Agent, Evan gets to work immediately on reviewing and dispositioning alerts. He can scale to any volume and continuously learns and adapts. This learning process means that Evan can resolve more than 80% of false positives and clear millions of alerts each year.

Evan is highly integrative with existing systems and comes with out-of-the-box support for Thomson Reuters, LexisNexis, Google and Factiva. Evan can be further integrated with other systems on an ad-hoc basis, including case management and CLM systems like Salesforce and Pega.

Deployed in weeks
Reduce manual effort
Ability to quickly scale

Automate Adverse Media Screening Alert Review

Evan automatically reviews and dispositions customer screening alerts for adverse media, reducing your chances of doing business with risky clients. While a human analyst might need 20 minutes to review an adverse media alert manually, with Evan assisting, a person only needs about two minutes.

To accomplish this goal, Evan consults third-party sources such as internal systems, the internet, commercial databases and research organizations to support her decisions. Then he highlights high-risk articles for analyst review and provides detailed justification for false positives. With an 80%+ reduction in the time needed to manually review these news sources, the potential savings are massive.

Integrations

Who Evan Helps

Evan primarily supports financial institutions in their compliance and AML efforts but can be used by other organizations who need adverse media monitoring for Know Your Vendor (KYV). Due to his scalable elasticity and affordability when compared to a traditional AML employee, he fits in great at any size institution. We firmly believe that the size of your institution should not dictate its ability to provide high-quality screening processes and outcomes.

Frequently Asked Questions

What does Evan do?

Evan is an AI agent that automates adverse media monitoring efforts to help financial institutions identify and avoid risky individuals or entities during onboarding and throughout the lifecycle of the customer relationship.

What Advantage Does Evan Provide Over Companies’ Existing Screening Systems?

Most screening systems rely on filtering, which involves large lists of rules that are difficult to maintain. As an AI Agent, Evan uses machine learning to expand his understanding and capabilities.

What Systems Does Evan Integrate With?

Evan features out-of-the-box integrations for Thomson Reuters, LexisNexis, Google, Dow Jones Factiva, and LSEG. However, he can be integrated with any system on an ad-hoc basis.

Is Evan Meant To Replace L1 Analysts?

Evan automates the tedious work performed by L1 analysts. Typically, the goal is not to replace people but to increase the overall capacity and productivity of your team.

Is Evan Really Just a News Screening Tool?

No. Our adverse media monitoring software focuses on alert reviews, which generally require a lot of manual labor.

Hire Evan Today

You can build software. You can buy software. Or you can hire an AI Agent. Evan is ready to get started immediately, and we think you’ll like his work ethic. He is not tied to any location, doesn’t take sick days or holidays, and works 24/7 to relieve your compliance team and protect your reputation. Request a demo today to get started!

Hire Evan Today

Awarded 2024 Impact Award in Fraud & AML for Best Know Your Customer/Business (KYC/KYB) Innovation by Datos Insights and SOC 2 Type II certified

Case Studies: See Evan in Action

Scotiabank

See how the third-largest bank in Canada automated its adverse media search and achieved cost savings of $4.2M within 6 months.

Carter Bank & Trust

See how a regional bank streamlined heavily regulated areas like identity verification, adverse media monitoring and fraud due diligence with considerable cost reduction.

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