Like a complex highway system routing drivers to different destinations, variations in data quality — and in risk management strategies — can yield various outcomes for compliance teams. Photo: Tom Fisk via Pexels
Compliance teams must navigate multiple data vendors and contracts, manage complex integrations, and reconcile inconsistent data formats — all while constantly adapting to evolving regulations.
At OpenSanctions, we consolidate and deduplicate data from over 300 data sources worldwide into the unified FollowTheMoney model that underpins our data collections. By partnering with Taktile, financial institutions and businesses using the platform can now access data on over two million entities immediately, with no integration of our data collection required.
With direct access to OpenSanctions' comprehensive, high-quality dataset via Taktile's Agentic Decision Platform, compliance and fraud prevention teams can now make faster, more confident decisions without the complexity and delays of traditional data integration. Taktile's AI capabilities can be used to test, refine, and optimise screening rules and risk policies.
"Compliance teams shouldn't have to choose between comprehensive coverage and operational efficiency,” said Taktile's Co-founder and CEO, Maik Taro Wehmeyer. “Now, we're giving teams instant access to the data they need to screen quickly and effectively."
Combining strategy with quality data
The partnership enables compliance and fraud-prevention teams to implement sophisticated screening strategies with reduced technical overhead. They can make smarter decisions with stronger risk controls and full auditability — thanks to OpenSanctions’ open-source pipeline, which provides complete transparency into data lineage and updates.
"Financial institutions need both high-quality sanctions and PEP data and the infrastructure to act on it decisively,” added OpenSanctions founder Friedrich Lindenberg. “By partnering with Taktile, we're ensuring teams can manage AML risk, prevent fraud, and meet regulatory obligations with greater speed and confidence."
OpenSanctions is proud to expand its distribution to Taktile users — among them, some of the world’s leading financial institutions.
With instant access to OpenSanctions data via Taktile, businesses and institutions can simplify their workflows, minimise the need for multiple vendor contracts and avoid months of data integration work. Taktile users don’t need to worry about separate API keys or ongoing data management; they can instead use OpenSanctions seamlessly within Taktile workflows.
Find out more about Taktile here, or get in touch!
