2.1 What’s New

New, changed, and deprecated features of OFS Sanctions Application Pack are described, with pointers to additional information.

The following list describes new features and enhancements for OFS Sanctions Application Pack Release 8.1.2.10.0:

Customer Screening
  • EDQ 14 upgrade: The EDQ (Enterprise Data Quality) tool has been upgraded to version 14, introducing enhanced features and improved stability. The upgrade enables better data quality management, improved performance, and reduced maintenance efforts.
  • Remove Assignee: Users now have enhanced control over alert management with the ability to unassign alerts that are currently allocated.
  • Realtime screening output: Users have been provided the ability to download the results of realtime screening along with candidate information, match rule information and matched watchlist information. The users will be able to review the results of realtime screening, maintain audit of the screened candidate data and download them for future reference. This enables compliance professionals in ensuring comprehensive auditing of the screened candidate data and regulatory reporting.
  • Change in mandatory fields for realtime screening: Users have been provided the ability to perform realtime screening with either full name or a combination of first name and last name as mandatory fields. Users can screen a candidate with a person’s full name without splitting the full name into first name and last name. This is useful when there are scenarios where there is difficulty in categorizing a person’s full name into first name or last name. Full name, First name or last name can be provided with other attributes for screening.
  • CS Case title customization: Clients using the Enterprise case management application for screening will be able to customize the case title using a combination of customer ID and customer name. This will help in establishing a standard business process of naming the case titles, easier identification, and better deduplication.
Transaction Filtering
  • NACHA Batch Performance Enhancement:The performance of NACHA batch processing has been significantly improved, resulting in faster processing times and increased efficiency. These enhancements optimize resource utilization and reduce latency during high-volume operations, ultimately leading to quicker completion of batch jobs.
  • EDQ 14 Upgrade:The EDQ (Enterprise Data Quality) tool has been upgraded to version 14, introducing enhanced features and improved stability. The upgrade enables better data quality management, improved performance, and reduced maintenance efforts.
  • Alert Unassignment: Users now have enhanced control over alert management with the ability to unassign alerts that are currently allocated.
  • Payment Account ID Criteria Addition to SEPA Screening:The Payment Account ID criteria used in the Good Guy Functionality has been extended to include MX/ISO20022 Screening within SEPA processes. This enhancement allows the system to recognize and apply the Good Guy designation to transactions based on Payment Account IDs in the context of MX/ISO20022 message formats, in addition to existing coverage.