The solution has been essential to Himalayan Bank’s success:
- The turnaround time for operations in opening accounts accelerated and processing cross-border payments effectiveness improved.
- The number of alerts generated from screening reduced significantly. This reduced the burden on the bank’s operations and compliance teams.
- The depth and breadth of LexisNexis Risk Solutions data enabled teams to perform centralize due diligence on customers who matched with one or multiple data sources.
- Regulators, correspondent banks and major card networks had given Himalayan Bank high compliance ratings, due to their automated compliance process and engagement with reliable trusted solution provider such as LexisNexis Risk Solutions.
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