Velocity Country Resolution aims to provide a bespoke solution to the client to offer a streamlined and disambiguated source of country data that can be utilized for:
Understanding the risk a country poses.
Monitoring the transactions related to the country
Imparting due diligence based on the evaluated risk associated
Velocity’s Country Resolution: Resolve country name from multiple data sources
Velocity’s Country Resolution: Resolve country name from multiple data sources Identifying high-risk jurisdictions is extremely important for AML compliance. The transaction data comes with an address field that is necessary for high jurisdiction rules to run based on the country of the originator or beneficiary.
- Various issues can arise like:
- Source data may not fill the country column.
- The address field is in a free form without constant delimiters to parse the data.
- It is difficult for conventional logic to parse the country from the free-form address.
- Addresses can come either with a country blank or country abbreviated or misspelled.
Velocity’s Country Resolution can:
Resolve the country for every individual party present in both customer and transaction data.
Help in AML compliance monitoring with proper identification of customer and transaction records.
The CR process consists of three steps:
Input
- Customer information data (including indirect customer data).
- Available transaction data.
Process
- Processing all the individual records to resolve the country column.
- Fuzzy matching to normalize the city, state, postal code, and country name.
- Cross verification with the global database to identify the country with a higher confidence score.
Output
- Resolving the country data and generating the report.
- Country data in ISO Alpha-2 Country Code format.
Why choose Velocity’s Country Resolution?
Velocity’s Country Resolution capability intelligently identifies and standardizes country information across diverse datasets.
It resolves ambiguities from multiple country codes, formats, and naming conventions to ensure consistent data accuracy.
By leveraging AI-driven geo-mapping and contextual validation, Velocity enhances country-level risk clarity and compliance checks.
Equips compliance teams with reliable insights into transactions tied to high-risk geographies.
Velocity’s Country Resolution Model helps enable accurate geo-risk assessment and faster, compliance-ready decision-making.