How does Bridger Insight XG compare to NominoData?

Bridger Insight by LexisNexis Risk Solutions is a comprehensive compliance, risk mitigation, and due diligence platform designed to help organizations meet their regulatory obligations while minimizing operational complexities. Primarily serving financial institutions, insurance companies, and other regulated entities, Bridger Insight delivers robust screening and monitoring capabilities to identify high-risk individuals, entities, and transactions efficiently and accurately. It addresses critical compliance mandates such as anti-money laundering (AML) regulations, Know Your Customer (KYC) requirements, counter-terrorist financing directives, and sanctions screening obligations imposed by authorities like the U.S. Office of Foreign Assets Control (OFAC) and other global regulatory bodies.

One of the key features of Bridger Insight lies in its advanced watchlist screening capabilities. The solution continuously updates and references a wide range of watchlists—including global sanctions lists, politically exposed persons (PEPs), adverse media sources, and other proprietary datasets—to deliver comprehensive risk assessments. By leveraging sophisticated matching algorithms and “fuzzy logic” techniques, the platform can detect potential matches even where variations in name spellings, incomplete data, or cultural naming conventions exist. This level of precision not only reduces the chance of missing truly risky parties but also helps minimize false positives, enabling compliance teams to focus on legitimate red flags and accelerate decision-making processes.

Bridger Insight also integrates seamlessly with core banking systems, customer relationship management (CRM) platforms, and other internal compliance and case management applications. This interoperability supports a more holistic and efficient workflow by allowing data to flow freely between systems, thereby streamlining investigations and enhancing collaboration among compliance, risk, and legal teams. In addition, the platform’s user-friendly interface, configurable settings, and robust reporting capabilities empower organizations to tailor their compliance controls to their unique risk profiles and evolving regulatory obligations.

Ultimately, Bridger Insight’s comprehensive dataset coverage, flexible deployment options, and ongoing regulatory updates contribute to a nimble and scalable compliance infrastructure. By enabling organizations to proactively identify hidden risks, maintain robust due diligence procedures, and confidently meet global regulatory standards, Bridger Insight plays a critical role in safeguarding both their operations and reputations.

NominoData offers a diverse range of specialized data services tailored to support compliance, risk management, and due diligence across various industries. These solutions are designed to integrate seamlessly into compliance workflows, enhance operational efficiency, and empower institutions to meet regulatory obligations.

Their key offerings include:

- PEP Plus Data: A comprehensive and continuously growing file covering Politically Exposed Persons (PEPs) and Relatives and Close Associates (RCAs). This dataset includes over 7.6 million rows of relationship data linking PEPs and RCAs in media articles.
- Russian Risk Data: A database consolidating information on Russian sanctions, state-owned entities, oligarchs, and import/export activities, designed to help businesses navigate evolving regulatory requirements.
- Crypto Risk Data: A two-part dataset featuring a catalog of token projects, exchanges, and key players, as well as 415,000+ rows of payment wallet data from the dark web and sanctioned sources.
- State-Owned Entity Data: A growing dataset of state-owned entities by country, enriched with officer and director information for enhanced due diligence.
- Non-Government Organization (NGO) Data: A country-specific database of NGOs, often used alongside the State-Owned Entity file for comprehensive due diligence.

NominoData also provides robust existing data services that streamline compliance and reduce operational burdens:
NamePlus Name Variation Data: The world’s largest database of name variants, supporting customer recognition and improving data quality in master data management (MDM) systems.
OFACplus Sanctions Data: Normalizes and aggregates global sanctions and watchlist data into consumable formats like CSV, JSON, or XML for regulatory compliance.
Negative News Service: A targeted search engine for adverse media, delivering risk-related information to simplify enhanced due diligence processes.
Human Trafficking Risk Data: Enables institutions to identify potential human trafficking indicators in customer profiles using advanced matching capabilities.
Sanctions Guru: Aggregates high-risk watchlists and provides historical sanctions data for lookback testing and system verification.
ElasticRISK: A cloud-based, scalable search service leveraging Elasticsearch technology for reliable and cost-effective risk management solutions.

• 🏆 Ranked - Strong Performer by Forrester (2024)
• 🏆 Best Overall AI Company by AI Breakthrough Awards (2024)
• 🏆 Named on RegTech100 by FinTechGlobal (2024)
• 🏆 Financial Crime and Compliance50 2024 - Ranked 4 by Chartis (2024)
• 🏆 RiskTech100 2024 - Ranked 13 by Chartis (2024)

• 🏆 One to Watch by Chartis (2023)

LexisNexis Risk Solutions is a global data and analytics company that provides information-based analytics, decision tools, and data management services to help organizations make informed decisions, stay compliant, reduce risk, and improve operations

NominoData is a solutions company specializing in identity verification, compliance, and risk management, particularly within the financial sector. Founded in 2006 and headquartered in Incline Village, Nevada, the company addresses challenges associated with modern commerce, including Anti-Money Laundering (AML), Know Your Customer (KYC), sanctions screening, and human trafficking risk assessment.

The company's offerings include both plug-and-play and integrated software solutions designed to enhance productivity and ensure compliance. Their suite of data services facilitates due diligence, AML efforts, and risk assessment for various entities and transactions. Notable products include:

- OFACplus Data Service: Aggregates high-risk watch lists into a single, easily consumable data file to help manage risk and sanctions.
- PEPSplus Data: An expanded Politically Exposed Persons (PEP) and Relatives and Close Associates (RCA) file covering global PEPs.
- NegativeNewsPLUS: A unique negative news search engine that reduces the time analysts spend when performing enhanced due diligence by returning only risk-related information.
- Human Trafficking Data: Allows financial institutions to search within customer profiles and identify suspicious data through phone numbers, emails, etc., triggering enhanced due diligence processes.
- Sanctions Guru: Aggregates high-risk watch lists into a single, easily consumable data file, with extensive historical data archives for look-back testing and verification.

The company is led by CEO Al Macdonald, who has over 30 years of experience in the computer industry and 19 years in building AML compliance systems both domestically and internationally.