Language Analysis Systems announced a partnership with Hong Kong-headquartered Quest Research to provide advanced name recognition technology to Asia's leading background screening company. As a result of the partnership, Quest Research will improve its "Know-Your-Client" background screening capabilities with respect to Middle-Eastern and Asian names.
The risks posed to any bank or business operating in, or transacting with, Asia and the Middle East are well understood. However, many organizations have been faced with confusing results due to their systems' inability to understand Asian and Arabic naming conventions. "The problem this has posed is that banks will often waste their time on 'false positives' rather than focusing on genuinely suspect transactions and individuals," said John Baxter, Director of Screening Services, Quest Research.
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