LexisNexis Risk Solutions and iMeta Technologies Join Forces to Reduce Financial Crime Risk for Financial Institutions
New alliance greatly enhances the efficiencies of a traditional Client Lifecycle Management platform
Atlanta and London (2 October 2018) — LexisNexis Risk Solutions, a part of RELX Group (LSE:REL/NYSE: RELX), today announced a partnership with iMeta Technologies, a leader in Client Lifecycle Management (CLM) technology for financial organisations, to integrate iMeta’s CLM technology with LexisNexis Risk Solutions’ data capabilities. Together, this alliance will increase efficiencies for customers and offer a more robust, all-encompassing bank compliance program.
By providing a single source of clean, consolidated data across the enterprise, LexisNexis Risk Solutions can now provide a CLM platform specifically designed to adapt to a firm’s individual and constantly changing business requirements. Proven to reduce operating costs and deliver operational excellence by harmonising multiple internal systems, accelerating client onboarding times, transforming the overall customer experience and driving a single view of the customer across a business, this revolutionary platform will provide customers with an end-to-end client lifecycle management system.
“With this union, our customers will now have the opportunity to receive our robust public records data and ID verification capabilities paired with an integrated platform to help them optimise and meet their KYC requirements,” says Daniel Wager, vice president, global financial crime compliance, LexisNexis Risk Solutions. “This important alliance with iMeta provides the opportunity for one-stop-shopping for onboarding consumers, bringing together all the data sources you need, in a way that will help our customers maximise the efficiency of their operational processes and massively increase the speed in which we can serve those customers.”
This new platform will offer significant benefits to customers, such as:
- Comprehensive reporting and dashboard capabilities;
- A tool that automatically associates business data with affiliates, clients and/or accounts;
- A single profile for each unique business or entity and automatically highlight connections between entities across all profiles;
- A seamless integration of up-to-data third party data content.
“We’re delighted to be working with LexisNexis Risk Solutions to harness the combined intelligence of our two companies,” says Ben Marsh, CEO, iMeta Technologies. “As we endeavor to provide a seamless journey for our customers, throughout the CLM process, the productivity gained from this new, single solution, will pay enormous dividends. Automation is key to profitable growth and the minimisation of risk, and leveraging a single product for all a customer’s CLM needs is the key to those business goals.”
About LexisNexis Risk Solutions
LexisNexis Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX Group (LSE: REL/NYSE: RELX), a global provider of information and analytics for professional and business customers across industries. For more information, please visit www.risk.lexisnexis.com, and www.relx.com.
About iMeta Technologies
iMeta is a leading provider of Onboarding, Client Lifecycle and Master Data Management software and services; delivering solutions to the global financial services industry. iMeta Technologies enables organisations to fully automate and manage the complex regulatory and operational data required to transact with their customers through the iMeta CLM platform. The system complies with KYC and AML requirements and regulatory demands such as MiFIDII, DFA and EMIR – offering regulatory surety and delivering a single, accurate client view across the organisation.
For more information, visit www.imeta.com
Jean Creech Avent
Director, Public Relations
LexisNexis Risk Solutions