Levenshtein distance measures the minimum single-character insertions, deletions, and substitutions required to transform one string into another. In financial transaction screening, it supports fuzzy matching when names are misspelled or slightly altered. section 11.7.2
Name-screening similarity
A query compares cleaned ACH names with cleaned sanctions-list names, calculates a similarity score, and keeps results at 80 percent or higher, alongside phonetic matches.





