Giant Oak Launches GOST™ To Combat Money Laundering

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March 9, 2016

Giant Oak, Inc. today launched its highly efficient large scale negative media search tool GOST™ to the financial services community at the Independent Community Bankers of America (ICBA) Annual Meeting in New Orleans, LA. GOST™ allows analysts and investigators to perform negative media searches on a tremendous amount of entities quickly and reliably.

“Bank executives must know their customers in order to run efficient businesses and comply with anti-money laundering (AML) requirements,” said Giant Oak CEO Gary M. Shiffman.

“Performing negative media searches on a tremendous amount of customers every day takes hours and the results are typically inconsistent and overwhelming. GOST™ gives analysts an incredibly fast way to do their work, and senior management gets prioritized results to make the smartest business decisions,” said Matt Addington, Vice President at Giant Oak.