Acord Solutions Group has launched an enhanced automated sanctions screening feature for its Acord Transcriber platform, designed to help insurers complete compliance checks with greater speed and accuracy. The new service extracts names and locations from PDFs and Excel files and submits them straight away to a screening provider.

“Acord Transcriber’s AI-enabled data extraction capabilities save days of manual effort, reducing compliance processes to a matter of minutes,” said Chris Newman, CEO of Acord Solutions Group. “This gives insurance organisations the freedom and peace of mind to focus their talent and attention on more important strategic initiatives.”

Acord Transcriber already automates data extraction and population in Acord forms and other insurance documents. The addition of the sanctions screening module extends its use into the compliance domain.

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