Giant Oak, Inc. today launched its highly efficient large scale negative media search tool GOST™ to the financial services community at the Independent Community Bankers of America (ICBA) Annual Meeting in New Orleans, LA. GOST™ allows analysts and investigators to perform negative media searches on a tremendous amount of entities quickly and reliably.
"Bank executives must know their customers in order to run efficient businesses and comply with anti-money laundering (AML) requirements," said Giant Oak CEO Gary M. Shiffman.
"Performing negative media searches on a tremendous amount of customers every day takes hours and the results are typically inconsistent and overwhelming. GOST™ gives analysts an incredibly fast way to do their work, and senior management gets prioritized results to make the smartest business decisions," said Matt Addington, Vice President at Giant Oak.
By leveraging domain specific indexes of the internet, GOST™ uses a sophisticated risk-scoring method that targets the right kind of information on countless customers, so you can focus on where to begin. It then provides a summary on each individual including web page images and keywords so financial institutions can confidently decide who they want or don't want to work with. GOST™ also provides an audit trail that can be used to defend the decisions made should any negative information surface after the search was conducted. For more information on GOST™, please visit http://www.giantoak.com/gost.