How can financial institutions increase payment straight-through processing rates without compromising compliance risk?
By deploying Agentic AI that investigates and adjudicates payment screening alerts automatically, institutions can resolve up to 90% of alerts without manual intervention – increasing STP rates to up to 85% while maintaining consistent, policy-aligned, audit-ready outcomes.
For institutions handling high payment volumes, the challenge is structural. Low-precision name matching generates excessive alerts. Unstructured message fields across SWIFT MT/MX, ACH, SEPA, and Fedwire are difficult to parse and interpret at speed. Analyst decisions are inconsistent across corridors and jurisdictions. And the rise of faster payments infrastructure (CHAPS, FPS, SEPA Instant, real-time networks) is compressing screening windows from minutes to seconds.
The problem is not detection.
It is adjudication constrained by human capacity, capability, and time.
As payment volumes grow, so does the bottleneck – unless institutions can investigate and decide at the speed payments demand.
Iris 7 is designed to transform how financial institutions manage payment screening, bringing together specialised AI Agents that operate across the entire screening lifecycle – combining high-quality risk data, intelligent detection, AI-driven investigation, and governed decisioning to resolve alerts efficiently and at payment speed.
The result is higher STP rates, fewer unnecessary payment holds, improved blocking accuracy, and the ability to scale payment screening in line with business growth, without increasing headcount, cost, or compliance risk.
Investigation & Decisioning
Iris 7's Investigation and Decisioning solutions parse complex payment messages, resolve multi-party entities, and execute policy-bound decisions in real time – enabling AI Agents to resolve alerts at the speed payments demand while ensuring outcomes remain consistent, explainable, and audit-ready.
Accelerate Payments by Resolving Up to 90% of Screening Alerts
Real-time, policy-bound investigation and decisioning across sanctions and restricted counterparty alerts. Parses unstructured payment message fields (SWIFT MT/MX, ACH, SEPA, Fedwire) extracting and resolving entities across all payment parties: originators, beneficiaries, intermediaries, and correspondents. Automatically clears false positives and escalates genuine risks – delivering fast, explainable decisions aligned with your risk appetite and enabling true straight-through processing.
Manage Investigations and Decisions in One Workspace
An end-to-end workflow and case management environment that gives analysts a unified view of screening alerts. Enable your teams to prioritise workloads, track investigations, and document decisions with full audit trails, improving operational efficiency, transparency, and compliance oversight.
Deliver Defensible Screening Decisions for Escalated Cases
Senior-level screening interpretation at scale. Assess escalated sanctions and watchlist cases using contextual research and institutional policy intent, for deeper interpretation than required in standard screening. Interpret entity relationships, indirect exposure, and jurisdictional factors within defined authority limits and produce defensible screening outcomes.
Screening & Detection
Iris 7's Screening & Detection solutions generate accurate, relevant payment screening alerts by analysing payment message data against sanctions and restricted party lists across all major payment formats. Institutions can improve match precision and reduce unnecessary alerts, providing a stronger foundation for efficient, policy-aligned decisioning.
Reduce Unnecessary Payment Holds with More Accurate Detection
AI-driven name matching across sanctions and restricted party lists, with configurable screening rules by payment type, corridor, and risk category. Supports all major payment message formats – SWIFT MT, ISO 20022 (MX), ACH, SEPA, Fedwire – including the MT to MX transition. Improve detection accuracy, reduce excessive alerts, and generate higher-quality cases for faster adjudication.
Stay Ahead of Regulatory and Geopolitical Change
Continuously monitor regulatory, sanctions, AML, and geopolitical developments. Interpret their relevance against your institution’s policies and control framework and deliver structured, auditable assessments that help compliance teams identify emerging risks earlier. Reduce manual monitoring effort, and respond with greater speed and confidence.
Risk Data Management
Iris 7’s Risk Data Management solution ensures payment screening is powered by accurate, consistent, and high-quality risk data.
Clean, Reliable Risk Data for Accurate Screening
Consolidate, clean, and standardise sanctions, PEP, and adverse media data from multiple sources. Remove duplicates and resolving entities for high-quality, validated screening, with risk data screened to improve accuracy, efficiency, and compliance decision-making.
Quality Assurance & Governance
Iris 7’s Quality Assurance & Governance solutions provide built-in tools that enable institutions to continuously monitor decision accuracy, validate policy changes, and maintain full auditability – ensuring screening outcomes remain consistent, defensible, and aligned with regulatory expectations.
Continuous learning across the platform analyses data patterns, analyst feedback, and decision outcomes – driving ongoing improvements in STP rates, blocking precision, and detection quality across corridors and message types. Every learning cycle is subject to human-over-the-loop oversight, ensuring that improvements to detection and decisioning remain governed, policy-aligned, and approved before they take effect.
