Discover how Absa enhanced its sanctions screening process in response to rising regulatory complexity, achieving measurable improvements in effectiveness, efficiency and operational performance.
Increasing list volumes, frequent updates and complex cross‑border requirements were placing pressure on Absa’s sanctions screening process. This made legacy, institution‑specific screening approaches unsustainable.
To address these challenges, Absa implemented the GSS platform and ran it alongside legacy systems, enabling comparison across detection rates, false positives and efficiency.
The results? Up to 44% reduction in false positives, top-tier effectiveness scores, faster payment processing and enhanced transparency and assurance.
Read the full case study to learn:
- How Absa addressed growing sanctions screening challenges
- The approach taken to validate performance against legacy systems
- The outcomes achieved through implementation of the GSS platform
- Lessons for financial institutions seeking to improve sanctions screening effectiveness
