Entity resolution (also known as entity correlation) is the advanced data science process of determining whether multiple, seemingly disparate records actually refer to the exact same real-world person or business. In risk management, it involves intelligently connecting varying names, addresses, IPs, and device IDs to form a single, unified profile.
Why is it Critical for KYM?
Fraudsters frequently use slight variations of their names or different corporate shell companies to bypass watchlists and open multiple merchant accounts. Without entity resolution, an acquiring bank might unknowingly approve a bad actor who is already on the MATCH list under a slightly different alias.
Precision Screening with Onlayer
Legacy screening tools create massive false positive rates because they lack context and rely on exact text matches. Onlayer drives a >95% reduction in false positives using advanced entity correlation and fuzzy logic. By accurately resolving identities, Onlayer cuts manual compliance review times by up to 60%, ensuring you block actual fraudsters without rejecting legitimate merchants.
