1.7.3 Entity Resolution

OFS Compliance Studio supports Entity Resolution. It allows firms to break through barriers in their data by gaining single views of their customers and their external entities and have the choice of monitoring them both under one consolidated Global Party.

Entity Resolution leverages ideas and concepts from entity resolution, machine learning, and graph analytics to resolve parties across vast datasets where customers, to avoid detection, may misidentify parties due to segmented business processes or malicious attempts. The new features allow firms to have rich visualization around complex networks and truly gain an entity view across varied datasets. This new clear customer view also can be weaponized within AML detection systems by using this resolved data to drive down false positives and ensure entities are being monitored holistically.

Figure 1-8 Entity Resolution


Description of Figure 1-8 follows
Description of "Figure 1-8 Entity Resolution"

The following are reference points for the above image:
  1. Load Input Data
  2. Input Rules
  3. Create and Load Index
  4. Match and generate similarities
  5. Group and merge based on similarities
  6. Persist Global parties in the file system
The following components are involved in this use case:
  • OFS Compliance Back End Service
  • ECM/BD Pack
  • Oracle DB
  • OpenSearch Cluster

For more information on each component, see the Component Details section.