Customer Identification Program

Make more informed decisions and minimize risk by:

• Accelerating new account acquisition
• Fortifying CIP and Know Your Customer (KYC) Compliance
• Identifying risk before it impacts revenues
• Reducing exceptions and discrepancies
• Lowering operating costs

Prioritize Customer Identification Policy Compliance with Industry-proven CIP Solutions

LexisNexis® Risk Solutions has been at the forefront of Customer Identification Program (CIP) compliance for over 18 years. Our solutions combine this unmatched, long standing expertise with the latest technology and advanced analytics to deliver industry-leading identity verification. Our capabilities help leading financial institutions and credit unions stay ahead of evolving laws and compliance requirements. With access to over 1,500 watch lists, our CIP solutions connect your business to risk intelligence that supports stronger compliance with:

• Section 326 of the USA PATRIOT ACT
• FinCEN Final Rule on Customer Due Diligence Rule (CDD Rule)
• Bank Secrecy Act (BSA)
• Anti-Money Laundering (AML) regulations
• Red Flags Rule
• OFAC Sanctions

Connect to Expansive Data Coverage Tailored to Your Risk Tolerance

Our customized Customer Identification Program (CIP) solutions are designed to fit within the parameters of your acceptance workflows and scoring limits. We offer a complete range of solutions to meet specific business needs and risk tolerances so you can quickly verify customers and focus on valuable transactions: LexisNexis® InstantID®, LexisNexis® Flex ID® and LexisNexis® InstantID® Business.

Our solutions deliver cost-effective access to multiple sources of risk intelligence built with expansive coverage of:

• Credit bureau identity activity
• Local, state and federal government records
• Online, phone and other behavioral activity
• Extensive business coverage from more than 10,000 sources

The combination of our comprehensive data coverage with advanced analytics powered by LexID® helps our customer identity verification solutions synthesize disparate data sets and intelligently examine data interconnections to provide actionable identity insight. This level of detail enables financial institutions and credit unions to quickly verify the true identity of new customers and confidently keep transactions in motion.

By accessing our customer identification program solutions in real-time or via batch, you can confidently increase verification rates with the benefits of:

• Coverage of over 78 billion public and proprietary records covering 95% of the U.S. adult population
• Sources to help verify over 40% of consumers not found at a credit bureau
• Coverage of 25% more U.S. businesses than any other provider
• Ability to increase auto-verifications for businesses by 20%
• Data reach that improves the verification of the connection between a business and a person by 30%

Our customer identification program requirement’s superior coverage translates into higher locate rates and relevant results. This enables financial institutions and credit unions to quickly make risk-based decisions and automate verification—without disrupting critical new accounts and onboarding workflows.

Meet Multiple Expectations with a More Efficient CIP Workflow

Balancing customer expectations with expanding compliance demands requires a responsive and efficient CIP workflow. Our Customer Identification Program leverages comprehensive identity and business content, sophisticated linking technology and advanced analytics. This provides support for a more effective CIP program that seamlessly integrates into critical new account, customer management and compliance workflows. Speed up customer identity verification and strengthen critical due diligence efforts with intuitive, easy-to-use tools and indexes that can enable your business to efficiently:

• Accelerate customer acquisition and provide high verification rates
• Reduce false positives and manual reviews
• Minimize exceptions and accelerate discrepancy resolution
• Automate decisions and avoid non-compliance with: Section 326 of the USA PATRIOT ACT, FinCEN Final Rule on Customer Due Diligence Rule (CDD Rule), Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations,  Red Flags Rule and OFAC Sanctions
• Facilitate deeper investigations via integration with the LexisNexis® ThreatMetrix® Platform
• Support audit preparation and regulatory reviews

Our industry-proven Customer Identification Program offering quickly returns consumable risk intelligence that fortifies risk-based decisions, automates customer identity verification and validation and keeps key resources focused on revenue-generating transactions.

Trust an Industry Legacy and Leader in CIP Innovation

By choosing our Customer Identification Program (CIP) solutions your business is working with an industry innovator who delivers the powerful combination of an established legacy of CIP expertise and leading-edge analytics and technologies. Our flexible and cost-effective CIP solution allows you to speed up customer acquisition, complete more transactions and concentrate on core business objectives.