Whether it’s a new customer opening an account or an existing customer conducting transactions, organisations need deeper customer insight to better understand hidden risks and non-obvious relationships. Know Your Customer (KYC) solutions can help you better serve your customers and offer a critical layer of protection for AML compliance, identity fraud, and reputational risk.
Having strong controls in place need not be a trade-off - robust Know Your Customer processes can still support a frictionless customer experience whilst mitigating risk. LexisNexis® technology, data and analytics capabilities can help you to know your customer by confirming identity, flagging politically exposed persons (PEPs) and highlighting entities subject to sanctions, without impeding the customer journey.
“We can see an individual’s whole history very quickly. This is a game-changer for us in terms of best practice screening and compliance”