Digital commerce continues to accelerate and digital channels now carry a significant portion of transactions. While this digital environment offers convenience for consumers, the shift is creating opportunities for financial crime and driving increased due diligence volume. Now more than ever, compliance teams need to find ways to reduce manual review time and drive operational efficiencies. As consumers solidify their e-commerce preferences, businesses need a strategy that balances exceptional customer experience with effective compliance workflows.
While current automation technologies can perform analysis on data to inform compliance decisions and support efficiencies, most solutions stop short of making decisions on behalf of compliance reviewers. Robotic Process Automation (RPA) can help with lower-level tasks, such as data entry and web scraping, but screening analysts can be left with manual decision tasks that machines can’t readily perform.
Unlock efficiencies in your financial crime compliance workflows by automating how your compliance analysts perform identity matching and risk decision-making. LexisNexis® Automated Risk Assessment empowers compliance analysts to significantly improve case completion rates and reduce the risk of research errors, and make bots more efficient by:
LexisNexis® Automated Risk Assessment leverages LexisNexis® AML Insight™ and LexisNexis Risk Management Solutions® to analyze input data and integrates the analysis into a holistic workflow that compliance leaders can implement to standardize risk decision-making.
Support your compliance team by automating compliance tasks through strategically-implemented business rules.
LexisNexis Automated Risk Assessment offers an immediately deployable solution to reduce manual review times, operating costs and regulatory exposure using pre-configured workflows.
Learn how automated risk assessments can help to reduce fraud costs by streamlining manual due diligence and investigations.
Protect against money-laundering, fraud and non-complianceLearn More
Streamline regulatory compliance, protect your business and increase revenueLearn More
Gain the ability to recognize good, returning customers and weed out fraudsters, all in near real timeLearn More
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Robust databases of high-risk individuals and entitiesLearn More