What is the difference between exact and broad search?
Exact match and broad search are two different types of search that you can run on an individual to verify their identity. Exact match allows you to run searches that will give you results that are a 100% match on the phrase that you use. Broad search broadens up the search parameters so if a customer matches certain criteria, for example same name but different nationality, the partial match results will show up. For these partial matches, Biz4x will provide a percentage to show you how closely a customer search matches someone on a sanctions list so you can do your own risk assessment and decide whether or not to proceed with, or report the transaction.