LexisNexis joins forces with iMeta to reduce financial crime risks

Source: LexisNexis

LexisNexis Risk Solutions, a part of RELX Group (LSE:REL/NYSE: RELX), today announced an alliance with iMeta Technologies, a leader in Client Lifecycle Management (CLM) technology for financial organisations, to integrate iMeta’s CLM technology with LexisNexis Risk Solutions’ data capabilities.

Together, this alliance will increase efficiencies for customers and offer a more robust, all-encompassing bank compliance program.

By providing a single source of clean, consolidated data across the enterprise, LexisNexis Risk Solutions can now provide a CLM platform specifically designed to adapt to a firm’s individual and constantly changing business requirements. Proven to reduce operating costs and deliver operational excellence by harmonising multiple internal systems, accelerating client onboarding times, transforming the overall customer experience and driving a single view of the customer across a business, this revolutionary platform will provide customers with an end-to-end client lifecycle management system.

“With this union, our customers will now have the opportunity to receive our robust public records data and ID verification capabilities paired with an integrated platform to help them optimise and meet their KYC requirements,” says Daniel Wager, vice president, global financial crime compliance, LexisNexis Risk Solutions. “This important alliance with iMeta provides the opportunity for one-stop-shopping for onboarding consumers and businesses, bringing together all the data sources needed in a way that will help our customers maximise the efficiency of their operational processes and massively increase the speed at which they can serve their consumers and businesses.”

This new platform will offer significant benefits to customers, such as:
• Comprehensive reporting and dashboard capabilities;
• A tool that automatically associates business data with affiliates, clients and/or accounts;
• A single profile for each unique business or entity with connections between entities across all profiles highlighted;
• A seamless integration of up-to-date third party data content.

“We’re delighted to be working with LexisNexis Risk Solutions to harness the combined intelligence of our two companies,” says Ben Marsh, CEO, iMeta Technologies. “As we endeavour to provide a seamless journey for our customers throughout the CLM process, the productivity gained from this new, single solution will pay enormous dividends. Automation is key to profitable growth and the minimisation of risk, and leveraging a single product for all a customer’s CLM needs is the key to those business goals.”
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This content is contributed or sourced from third parties but has been subject to Finextra editorial review.

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