Use OD Location to pin-point high-risk countries based on your payment messages.

Cross-border payments are on the rise fuelled in part by previously 'unbanked' populations gaining access to financial services and by increased trade with emerging markets resulting in organisations sending payments to new countries. Figuring out a common minimum standard for postal address information is challenging for banks and other financial service providers since address formats and styles can vary significantly from one country to another.

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In the UK, addresses follow a standard format of building number or name, street, town or city, county, country and postcode. However, this is not the case in many parts of the world. In some countries, addresses may rely on neighborhood or locality names, PO Boxes, landmarks, or even directional instructions. With nearly 249 countries and territories, there are over 130 distinct address formats globally.

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Unlike other address validation services, OD Location verifies more than just the numeric portions of an address; it interrogates unstructured, 'bulked' and semi-structured text from any data source to identify and verify payment and customer jurisdictions. This is particularly advantageous for payments coming from countries that do not acknowledge or support address validation.

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Using comprehensive street-level address data, OD Location can accurately identify any location anywhere in the world and give it a risk score. Risk scores are calculated using UK National Risk Assessment, FATF standards, BASEL AML Index, and Worldwide Governance Indicators for money laundering and terrorist financing.