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Firco Filter Algorithms Description

Algorithms lie at the heart of Firco Enterprise solutions. They have been created with and for LexisNexis Risk Solutions customers to solve broad screening concerns shared by most financial institutions or to cope with specific regional issues. Understanding algorithms is key to understanding how Firco Filter is working. This 6-hour e-learning course will give you in-depth knowledge on each algorithm within the filter ecosystem. At the end of this course, you will be able to assess the impacts and risks associated with each filter attribute decision of inclusion (activation) or exclusion (deactivation).

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Who should attend?

This course is targeted to the compliance/business teams responsible for making the algorithm setting decisions.

Why attend?

The training course will enable you to:

  • Get acquainted with the different categories of algorithms
  • Understand algorithms’ purpose, expected behavior and impact
  • Assess the interrelationships and dependencies involving algorithms and other settings
  • Understand why and when to disable algorithms as well as alternatives to deactivation
  • Gain insight to industry practices regarding deactivation
  • Gain confidence in explaining and justifying algorithm settings
  • Understand how Firco Filter Engine works

Topics covered

The course will go into depth on key topics such as:

  • Algorithms within the filter ecosystem
  • Chronology and categories
  • Background knowledge of each category
  • In-depth algorithm presentation (history/primary screening context/related algorithms/dependencies/behavior and impact/examples/context of deactivation/alternatives)
  • Combination of algorithms
  • Algorithm standards within the industry

Enrollment Options

  • Via Statement of Work (please contact your LexisNexis Risk Solutions account manager)
  • By credit card. Click here to access our payment platform.

For additional information, please contact us at FCCPS-Training@lexisnexisrisk.com