LexisNexis® RiskNarrative™

B2B onboarding requires the verification of many complex elements to evaluate risk. These include entity ownership, control structure, directorships, ultimate beneficial owners, shareholders, credit, sanctions and more.

Bringing all checks and financial crime lifecycle management into a single, digital unified solution, the RiskNarrative platform automates complex decisioning using a unified score and rules allowing a fast and friction-free onboarding experience for businesses.

The RiskNarrative platform automates pervasive, real-time risk decisioning. Constantly profiling customer transactions over time, the platform delivers persistent risk scoring, detecting anomalies accurately and with high confidence. In-scope transactions, meanwhile, proceed instantly, totally friction-free.

Responsible Gambling legislation requires operators to have a clear indication of what every player can afford to gamble based on an accurate picture of their disposable income.

If a customer’s financial circumstances change, or their behavior raises cause for concern, operators must intervene in the player’s best interest.

The RiskNarrative platform is the only responsible gambling solution to offer automated real-time transactional monitoring of a player’s activity and behavior that is also cross-matched against key indicators such as wealth, affordability, distress, current bank account turnover, income verification and more.

The system allows operators to cost-effectively monitor every player’s transactions with a Dynamic Responsibility Gambling Score to ensure affordability and evidence compliance. Currently, many operators only take a risk-based approach tracking their top 10% highest spenders, potentially missing many gamblers in distress.

Onboarding B2C customers using legacy processes is inefficient, costly and increases exposure to fraud risk.

Bringing all checks and financial crime lifecycle management into a single, digital unified solution, the RiskNarrative platform automates multi-factor decisioning to deliver a complete fast and a low-friction onboarding experience for individuals.

To make accurate and informed decisions around compliance and financial crime requires insight and control. Using automation to eliminate manual intervention ensures the optimum visibility and understanding of risk throughout the financial crime lifecycle.

By managing decisions and scoring data in one flow, instead of myriad technology silos, the RiskNarrative platform eliminates the complexity, difficulty and cost of multiple decision points. Insight can be shared across identity, fraud and compliance to make decisions with the most relevant, important information in full view. Increased operational effectiveness results in reduced operational cost across the financial lifecycle.