VodafonePay collaborates with H3M Analytics to apply AI-based risk analytics to improve sanctions screening and compliance management.

VodafonePay, a subsidiary of Vodafone based in Türkiye, has joined H3M Analytics and LSEG Risk Intelligence to augment its compliance risk framework with advanced risk analytics. The partnership brings on board H3M Sanction Miner, an artificial intelligence and World-Check-based application, which augments sanctions screening initiatives.

This new solution is powered by risk analytics to track both global and local lists of sanctions, conduct real-time and delta screening, and provide accurate risk scores. Automating these workflows helps VodafonePay to increase compliance accuracy and decrease false positives.

Tolga Kurt, a managing partner at H3M Analytics, pointed out that risk analytics technology helps financial institutions to be ahead of regulating problems and enhance their efficiency. The partnership means that VodafonePay will be able to comply with the responsibilities and even monitor the risk of the implementation of sanctions proactively.

VodafonePay has the advantage of having full coverage of information due to the constant update of the World-Check global analyst network. The partnership shows that risk analytics and AI can revolutionize compliance management and help financial institutions navigate through an already complicated regulatory landscape.