6 Name and Address Matching
This section details the default configuration of Name and Address screening against sanctions lists or watch lists.
The matching strategy for entities in Oracle Watchlist Screening raises a possible match if there is an exact match or a fuzzy name match to a normal (non-acronym) entity name, or if there is an exact match to an acronym entity name.
The fuzzy entity name matching algorithms include some of the following techniques:
- Standardizing entity names (for example, different forms of company name suffixes are standardized to a common form)
- Ignoring insignificant name tokens
- Typo tolerance
- Allowance for missing name tokens
- Allowance for different tokenization of the name
Table 6-1 OOB rules
| S.no | Configuration | Exact/ Fuzzy Match |
|---|---|---|
| Rule 1 | Given Name , Last Name vs watchlist given name and family | Exact Matching |
| Rule 2 | Full Name vs watchlist Full name | Exact Matching |
| Rule 3 | RAW Customer.aliases vs RAW Watchlist.Original Script Name | Exact Matching |
| Rule 4 | Translitered Customer.aliases vs Translitered Watchlist.Original Script Name | Exact Matching |
| Rule 5 | RAW Customer.aliases vs RAW Watchlist.Original Script Name | Fuzzy Matching |
| Rule 6 | Translitered Customer.aliases vs Translitered Watchlist.Original Script Name | Fuzzy Matching |