Assetz Capital adopts the RiskNarrative platform to address its financial crime management
Assetz Capital are delighted to announce a partnership with LexisNexis Risk Solutions to adopt the LexisNexis® RiskNarrative™ platform across its business.
The platform leverages automation, AI and machine learning to provide a market-leading, sophisticated, configurable and accessible financial crime lifecycle management solution. This will allow Assetz Capital to further enhance their KYC and AML detection capabilities, as well as delivering productivity benefits to both customers and businesses.
The RiskNarrative™ platform will improve their onboarding process, allowing their colleagues to run multiple KYC and AML checks from aggregated data sources simultaneously, strengthening checks alongside enhanced fraud detection and document verification capabilities.
Oliver Ward, group head of change & lending operations at Assetz Capital, said “Since deploying the platform, we have seen fantastic operational and productivity improvements with reductions in the time taken to complete KYC and AML checks, thereby reducing the time from application to fund, for our customers.”
Edward Vaughan, banking expert at LexisNexis Risk Solutions, said “It’s brilliant to see the RiskNarrative platform help organisations of all sizes protect their customers from the effects of financial crime. I am delighted Assetz Capital are one of our customers, and that we can support their onboarding processes, especially when the cost of compliance is at an all-time high. We look forward to future initiatives with them as they deliver an exceptional and frictionless customer experience.”
