Pascal

What is Pascal?

Pascal is an AI assistant for compliance, built for people working in financial services. Its core focus is ‘Know Your Customer’ (KYC) and ‘Customer Due Diligence’ (CDD) tasks. It applies AI, machine learning, and Natural Language Processing (NLP) to information from the internet and data specific to your clients, which makes client onboarding smoother. It also provides real-time alerts about potential risks, reduces false alarms, and stays current with the latest laws and regulations. Teams can collaborate in the platform, and every search and decision is logged for a clear record.

Who created Pascal?

Pascal was developed by Vartion, a Dutch company specializing in data analytics. Vartion was founded in 2018 with a focus on using AI and machine learning to augment human work. Pascal itself launched on June 2, 2022.

What is Pascal used for?

• KYC and CDD: supports core Know Your Customer and Customer Due Diligence processes.
• Screening: checks potential clients and business partners, both within and outside the financial sector.
• Data analysis: examines open-source information and your own client data using AI, machine learning, and NLP.
• Client onboarding: simplifies and automates many onboarding tasks.
• Continuous monitoring: sends real-time alerts when risks or issues arise and keeps client and third-party records current.
• Reducing false positives: designed for more accurate predictions and fewer incorrect alerts.
• Adverse media analysis: analyzes negative news in different languages.
• Collaboration: helps client-facing teams, compliance managers, and external auditors work together.
• Audit trails: keeps detailed records of all searches and decisions, providing transparency and assurance for screening procedures.

Overall, the goal is compliance management that is easier, more transparent, and more collaborative.

Who is Pascal for?

Pascal is designed for anyone involved in financial compliance, including:

• Compliance managers and compliance officers
• Client-facing staff
• External auditors
• Legal and compliance experts
• Financial professionals

If you work in financial services and deal with compliance, Pascal is likely built for you.