We are delighted to announce our partnership with LexisNexis® Risk Solutions to adopt the LexisNexis® RiskNarrative™ platform across our business to assist with Financial Crime management.
The platform leverages automation, AI and machine learning to provide a market leading, sophisticated, configurable & accessible financial crime lifecycle management solution. This allows us to further enhance our KYC/AML detection capabilities as well as delivering productivity benefits to both customers and businesses.
The RiskNarrative™ platform improves our onboarding process as it allows colleagues to run multiple KYC/AML checks from aggregated data sources simultaneously, strengthening our checks alongside enhanced fraud detection and document verification capabilities.
Oliver Ward, Group Head of Change & Lending Operations said: “Since deploying the platform, we have seen fantastic operational and productivity improvements with reductions in the time taken to complete KYC/AML checks, thereby reducing the time from application to fund for our customers.”
Edward Vaughan, Banking Expert at LexisNexis Risk Solutions, said: “It’s brilliant to see the RiskNarrative platform help organisations of all sizes protect their customers from the effects of financial crime. I am delighted Assetz Capital are one of our customers, and that we can support their onboarding processes, especially when the cost of compliance is at an all-time high. We look forward to future initiatives with them as they deliver an exceptional and frictionless customer experience.”