Extend your KYC remediation team, and streamline the alert management process
Remediating alerts generated by Know Your Customer (KYC) and sanctions screening can be an expensive activity - in terms of time, money and lost business.
However, options exist besides internally managing alerts. LexisNexis® Alert Remediation is a secure, scalable and cost-effective outsourced KYC remediation service which can be utilised to remediate Level One KYC and Sanctions alerts quickly, to help:
- Expedite the remediation process
- Reduce customer friction and on-board more clients
- Focus resource on high-risk alerts
- Reduce operational costs and preserve the bottom line
Outsourced KYC remediation from LexisNexis® Risk Solutions
Our Alert Remediation service leverages a vast team of experienced anti-money laundering (AML) analysts who remediate Level One alerts to your pre-defined standards and integrate with your existing processes.
By focusing on the high-volume, low-level alerts, our AML analysts can alleviate the workload of your internal team so that they can focus their efforts on alerts which present a higher risk.
Regardless of the volume of alerts needed to process, our team can provide the necessary scale without the associated overhead to help cut compliance costs and maintain the high standards your policies mandate.
£700m-£1bn is being spent annually by major international banks on financial crime compliance.
*Future Financial Crime Risks – A LexisNexis Risk Solutions report produced for the British Bankers’ Association.How does Alert Remediation work?
Security – a cornerstone of Alert Remediation
Client data access controls
Personnel security controls
Network security controls
Physical controls
Increase your operational efficiency
Scale on demand
Reduce overheads
Write more business
Optimise internal resource
Alert Remediation can support:
Full customer portfolio remediation
Customer on-boarding
