Newest iteration of GOST features 4x increase in searches per second and gives the user more control over false positives

Giant Oak announces new updates to their GOST product. The Spring 2021 GOST Release enhances performance of entity resolution, improving efficiency and effectiveness in the screening process.

Additionally, the Spring 2021 GOST Release introduces new search processing infrastructure to support large-scale, ongoing monitoring on a near-real-time basis.

Supported by a strategic investment from one of the largest global investment management firms, the new GOST updates can quadruple search speed for a customer, meaning enterprise users can run just shy of one million searches per day, per use case across GOST’s billions of data sources.

The combined improvements to scale and entity resolution allow GOST users to keep a pulse on large populations while handling an efficient, effective, and high-quality set of leads at a lower overall cost.

?We?re constantly working to improve and adapt our technology to empower our champions, the communities of GOST users,? said Gary M. Shiffman, PhD, founder and CEO of Giant Oak.

?With these GOST updates, people now have a powerful machine-learning-based tool to easily search and identify the most important information on the right people.?

In December 2020, Congress approved the AML Reform Act ? new legislation requiring financial institutions to implement efficient and effective risk-based approaches to countering money laundering and other financial crimes.

To comply with the new rules, banks and regulators must prioritize continuous screening and vetting, and look across all available data, to include publicly available information. Source: giantoak.com