Himalayan Bank Leverages Our Solution To Mitigate Financial Crime Risk
Himalayan Bank, a Leading Bank in Nepal leverages Firco® Compliance Link and Firco® Global Watchlist® to mitigate financial crime risk, drive 30% operational efficiency.
Himalayan Bank Leverages Firco® To Mitigate Financial Crime Risk
Himalayan Bank, one of Nepal’s largest commercial banks, was established in 1993 in a joint venture with Habib Bank Limited of Pakistan. Despite the tough competition in the Nepalese Banking sector, Himalayan Bank has been able to remain a leader in Loans and Deposit Services. Himalayan is an institution that’s known throughout Nepal for its pioneering approaches to innovation and customer service.
Using Firco® Compliance Link and Firco® Global Watchlist®, Himalayan Bank feels confident in its compliance efforts and in the quality of clients in its portfolio.
Using Firco® Compliance Link and Firco® Global Watchlist®, Himalayan Bank feels confident in its compliance efforts and in the quality of clients in its portfolio.
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.
Want to know more? Request the Himalayan Bank case study.
