Use the dropdown below to select another product to compare with Compliance Lens.
The table below summarises some key information about Compliance Lens from LexisNexis Risk Solutions and Compliance CoPilot from SteelEye, giving you some points to compare.
| Compliance Lens | Compliance CoPilot | |
|---|---|---|
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| Product Description |
Compliance Lens from LexisNexis Risk Solutions is an innovative platform designed to provide a comprehensive view of compliance risks across financial operations. The solution aggregates and analyzes data from sanctions lists, politically exposed persons (PEP) databases, and other regulatory sources, ensuring organizations can proactively address potential threats. With intuitive dashboards, automated alerts, and robust reporting capabilities, Compliance Lens streamlines compliance workflows, reducing manual efforts and improving operational efficiency. The platform enables businesses to maintain regulatory adherence while minimizing risk exposure. |
SteelEye's Compliance CoPilot is an AI-powered tool that enhances compliance functions by automating alert review processes. Utilizing advanced Large Language Models (LLMs), it analyzes communications in multiple languages, providing risk scores and actionable insights to compliance officers. The CoPilot integrates seamlessly into existing workflows, enabling firms to prioritize high-risk alerts, conduct more efficient investigations, and reduce alert review times by up to 90%. :contentReference[oaicite:1]{index=1} |
| Vendor | LexisNexis Risk Solutions | SteelEye |
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| Vendor Headquarters | United States | United Kingdom |
| Vendor Founded | 1970 | 2017 |
| About the vendors |
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 |
SteelEye, founded in 2017, is a London-based RegTech and data analytics firm specializing in financial compliance solutions. The company offers an integrated platform that consolidates and protects data across various sources, enabling businesses to meet regulatory obligations efficiently. SteelEye's comprehensive suite includes services such as trade and communications surveillance, regulatory reporting, data archiving, and analytics. These tools assist financial institutions—including asset and wealth managers, banks, brokers, commodity trading firms, hedge funds, and trading platforms—in reducing the complexity and cost associated with compliance. The company's platform captures, cleanses, indexes, and analyzes both structured and unstructured data across all asset classes and communication types. This holistic approach not only ensures adherence to regulatory requirements but also provides valuable business insights. As of 2024, SteelEye employs approximately 111 individuals across multiple locations, including London, New York, Bangalore, and Braga. The company has secured significant investment, with a Series B funding round in September 2022 raising $21 million, bringing the total funding to approximately $43 million. SteelEye continues to innovate in the compliance landscape, developing solutions that empower financial firms to comply with confidence while unlocking actionable insights from their data. |
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