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Descartes turns to AI to reduce compliance screening errors
Descartes turns to AI to reduce compliance screening errors
Logistics IT firm Descartes is utilising artificial intelligence (AI) to reduce delays to shipments as a result of errors caused by trade compliance screening systems.
The company explained that its Visual Compliance AI Assist function automatically reviews and clears false positives generated by compliance systems.
Descartes explained that false positives are alerts that appear to match restricted, sanctioned and denied party entities but are, in fact, benign matches that lead to unnecessary reviews, wasted time and delayed shipments for import or export.
The new feature comes as an increase in global trade regulations and there is a rising volume of information flowing through international commerce, making compliance screening increasingly important.
“While it makes sense to cast a wide net with screening, false positives are a costly drag on time, accuracy and compliance performance,” said Brian Hodgson, general manager, trade compliance at Descartes.
“AI Assist significantly reduces low-quality false positives while managing the risk of true hits. With compliance, AI needs to be risk-aware, meaning it needs to deliver the tremendous value of AI without increasing the risk of violations.
“With AI Assist, for some customers, the combination of automation in collaboration with human oversight has helped reduce false positives to just fractions of a percent, even with large screening volumes. This is a significant gain in productivity for compliance resources who can be overburdened with irrelevant alerts.”
