Babel Street Match Awarded ‘One to Watch’ for Best PEPs and Sanctions Screening in the 2024 Regulation Asia Awards for Excellence

Judges note Babel Street Match is a potential game-changer in PEPs and sanctions screening, providing institutions with a unique advantage in terms of regulatory compliance, risk management, and operational efficiency. 

WASHINGTON DC, November 5, 2024 -- Babel Street, a leader in advanced AI, data, and analytics for global information intelligence, today announced its groundbreaking Match product has been awarded 'One to Watch' in the Best PEPs & Sanctions Screening Solution category at the esteemed 2024 Regulation Asia Awards for Excellence.  

The Regulation Asia Awards for Excellence honors industry leaders who are driving advancements in regulatory compliance across Asia-Pacific’s dynamic financial landscape. Nominations are assessed by industry veterans, and the program celebrates firms and solutions that sustain market integrity and resilience through innovation.

The 'One to Watch' recognition in the Best PEPs & Sanctions Screening Solution category celebrates emerging providers making significant impacts with innovative compliance solutions. This award highlights platforms that streamline compliance processes, reduce false positives, and integrate advanced data-driven features, enabling financial institutions to meet regulatory demands with precision and speed.  

"This recognition reflects Babel Street’s commitment to addressing critical compliance challenges with innovative solutions," said Bradley Maclean, Co-founder of Regulation Asia and Chair of the Awards Committee. "Babel Street Match’s advanced language processing and efficiency-enhancing capabilities set a high benchmark for emerging firms in this space. Babel Street is a firm to watch as it strives to redefine best practice screening standards."

Babel Street Match seamlessly manages diverse Asian language scripts, including Japanese Kanji, Chinese Hanzi, Korean Hangul, and Thai, among others, with near-native precision. Babel Street Match reduces false positives by up to 75%, offering firms a significant operational advantage and freeing compliance teams to focus on strategic risk management rather than extensive manual reviews.

With robust customization options, Babel Street Match also offers adaptable screening parameters tailored to institution-specific compliance requirements, a feature that has proven invaluable to clients such as KOHO, which reports significant operational efficiency gains with a 50% reduction in manual screening workload.  

"We are honored by this recognition from Regulation Asia, which embodies our mission to elevate compliance and risk mitigation operations through intuitive, cutting-edge technology and solutions that prioritize operational excellence and adaptability," said Jen Snell, Chief Marketing Officer at Babel Street.  

About Babel Street

Babel Street empowers organizations to make confident, informed decisions through advanced data and analytics, delivering global information intelligence. Our AI-driven technology supports critical use cases, including investigations, government screening & insider threat, supply chain risk management, AML/KYC, and decision intelligence. Babel Street solutions help defense, intelligence, law enforcement, and commercial organizations close the Risk-Confidence Gap by uncovering threats, reducing risk, and improving strategic decisions.

Babel Street is headquartered in the U.S., with an established presence in Australia, Canada, Israel, Japan, and the U.K. For more information, visit babelstreet.com.

Media Contact:  

Erin Lutz  
Lutz Public Relations and Marketing (for Babel Street)
949.293.1055
erin@lutzpr.com