Pascal
Pascal is a compliance support platform designed for staff in financial services companies. It is primarily used for Know Your Customer (KY...
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What is Pascal?
Pascal is an AI-powered risk-based KYC (Know Your Customer) and AML (Anti-Money Laundering) screening and monitoring platform designed to help compliance teams assess findings faster and more accurately than traditional compliance tools. The platform uses AI models trained on open-source data and corporate-owned client-specific data, leveraging machine learning and Natural Language Processing to read, interpret, and structure adverse media in nearly all frequently used languages.
The platform offers three main modules: Client Onboarding (with customizable KYC/AML questionnaires, workflows, and internal approval processes), Entity Screening (covering sanctions, enforcements, PEPs, adverse media, and ICIJ leaks with over 100 million curated media articles), and Transaction Monitoring (with custom transaction profiles and integrated entity screening). Key features include continuous 24/7 monitoring with real-time alerts, full audit trails for transparency, collaborative access for client-facing staff, compliance managers, and external auditors, and integrations with HubSpot and Microsoft via API.
Pascal is designed for compliance professionals in financial services, logistics, tax & legal services, and consultancy firms. Trusted by over 150 global organizations with 600 active users, it helps reduce false positives through AI-based self-learning techniques that evolve with changing laws and regulations, making compliance management simpler and more efficient.
Pascal pricing
Pricing model: Freemium
Pascal offers two pricing options: (1) Free tier with up to 50 free searches per month, including person checks, business checks, risk classification, resolving results, audits, reporting, and analytics; (2) Pay as you go at €0.25 per case, which includes person checks, business checks, reporting, risk classification, resolving results, audits, analytics, monitoring, and additional data sources. A minimum monthly charge of €49 applies if usage is below that amount. The platform is offered as Software-as-a-Service, meaning it is flexible, scalable, always up to date, and totally secure. Users pay per search/search depending on the amount per day, week, month, or year, and can select their package of resources and decide whether to opt for 24/7 monitoring.
Pascal pros
- AI-powered risk assessment faster than other compliance tools
- Natural Language Processing reads adverse media in nearly all languages
- Continuous 24/7 monitoring with real-time alerts instead of periodic checks
- Significantly fewer false positives through self-learning AI
- Comprehensive screening covering sanctions, PEPs, enforcements, adverse media, and ICIJ leaks
- Over 100 million curated media articles for extensive coverage
- Full audit trail for every search and decision for compliance assurance
- Intuitive user interface - just enter entity name for instant results
- Collaboration features for client-facing staff, compliance managers, and external auditors
- Customizable KYC/AML questionnaires and workflows tailored to business needs
- Integrated third-party ID verification via Veriff
- API integrations with HubSpot and Microsoft for seamless workflow
- ISAE 3402-II certification for data integrity and assurance
- Data refreshed every 1-2 days for up-to-date information
- Confidence indicator helps focus only on what really matters
- Risk-based approach prioritizes high-risk areas
- Custom transaction profiles for transaction monitoring
- Real-time alerts the moment issues arise
- Self-learning AI evolves with changing laws and regulations
Pascal cons
- Minimum monthly charge of €49 even if usage is below that amount
- Pay-per-case pricing at €0.25 per case may add up for high volume
- Free tier limited to 50 searches per month
- Support response may be delayed due to different time zones
- No mention of enterprise/custom pricing plans for large organizations
- Platform primarily focused on KYC/AML, not broader compliance needs
- Requires internet connection as SaaS solution
- Learning curve for compliance teams new to AI-powered tools
Frequently asked questions about Pascal
Why should I choose Pascal?
Pascal is your choice if you aim to streamline compliance with greater efficiency. As a complete ecosystem for KYC and AML processes, Pascal aids you during client onboarding, entity screening and transaction monitoring, allowing you to focus on high-risk areas while minimising manual efforts. Its AI-driven technology provides real-time alerts, accurate risk assessments and continuous monitoring, ensuring that you always have up-to-date and relevant information to assess risks faster and more accurately.
What is a comprehensive KYC & AML ecosystem?
Our comprehensive KYC & AML ecosystem is an integrated system that covers all aspects of compliance. Starting with the onboarding of new clients, Pascal supports you with the collection and validation of essential documents and data. While that is happening it directly integrates that data into entity screening, combining several process steps seamlessly. With transaction monitoring, you can track transactions, identify suspicious activities and prevent fraudulent transfers, ensuring full compliance with AML regulations. All these functions require minimal manual effort, guaranteeing greater efficiency and accuracy.
Which data sources are included in Entity Screening?
We offer a comprehensive range of data sources including global sanctions lists such as OFAC, SECO and the EU Financial Sanctions, enforcement actions from various regulatory bodies and a database of Politically Exposed Persons (PEPs). Additionally, over 100 million curated media articles with adverse and negative mentions are ready to be screened, providing extensive coverage of financial crimes, corruption and other risks. With Pascal, you skip false-positive hits and only assess what matters to your business.
How accurate and up to date is the data in Entity Screening?
Our data is constantly updated, with the majority of sources refreshed every one to two days. We ensure high accuracy through a series of integrity checks, governed by our ISAE3402-II assurance, and regular reviews by compliance experts. Our proprietary AI models, developed by Vartion, further refine the data, providing you with reliable and up-to-date information for your compliance requirements.
What industries use Pascal?
Pascal is trusted by over 150 global organisations with 600 users active in financial services, logistics, tax & legal services and consultancy. The platform can be used by staff in financial services companies individually or as a team as part of their KYC and CDD processes, and more broadly to screen potential clients and business partners in and outside the financial sector.
How does continuous monitoring work in Pascal?
Continuous monitoring keeps you up to date on your clients or third parties and the related risks to your organisation. Instead of periodic checks, Pascal provides alerts when issues arise – the moment you need them, the moment you want them. Our Pascal Insight data packs are carefully curated and continuously updated 24/7, delivering real-time alerts so you never miss important changes.
What is the confidence indicator in Pascal?
The confidence indicator is a feature that allows you to focus only on what really matters. It provides increasingly accurate relevance predictions in far less time, giving you just the hits that really matter with a minimum of false positives. This helps compliance teams spend their time on what really matters rather than sifting through irrelevant results.
How does Pascal reduce false positives?
Pascal limits false positives through AI-based techniques and self-learning. The platform evolves along with constantly changing laws and regulations, giving you increasingly accurate relevance predictions in far less time. The AI models are trained to analyze data and structure adverse media, identifying risk and sentiment using Natural Language Processing, which results in just the hits that really matter with a minimum of false positives.
Can I collaborate with my team and external auditors in Pascal?
Yes, Pascal paves the way for effortless collaboration. Client-facing staff, compliance managers and even external auditors can access the platform and collaborate to profit from Pascal for their own tasks and goals. Every search and every decision is logged and compiled into a full audit trail, so compliance managers and auditors can obtain full assurance that the correct screening procedures have been followed and decisions have a sound basis.
How do I get help with Pascal?
You can contact the Pascal support team through multiple channels: email at [email protected], live chat within Pascal (note that response may be delayed due to different time zones), malfunction report with image upload, data coverage request with image upload, or feature request with image upload. To access these options, select your initials in the top right corner and click on Need help?