Use the dropdown below to select another product to compare with Customer Screening.
The table below summarises some key information about Customer Screening from ComplyAdvantage and Bankers Almanac from LexisNexis Risk Solutions, giving you some points to compare.
| Customer Screening | Bankers Almanac | |
|---|---|---|
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| Product Description |
ComplyAdvantage's Customer Screening solution streamlines the process of identifying high-risk individuals by automating checks against global watchlists, PEP databases, and adverse media sources. This solution ensures compliance with know-your-customer (KYC) and anti-money laundering (AML) regulations while reducing the time and effort required for manual screening. The platform provides real-time risk assessments with instant alerts for flagged individuals, enabling swift action to mitigate potential risks. Its advanced matching technology minimizes false positives, ensuring that compliance teams can focus on genuine threats. Comprehensive audit trails and reporting tools support regulatory documentation and compliance reviews. With its robust capabilities, ComplyAdvantage's Customer Screening solution enhances due diligence workflows and strengthens risk management practices across industries. |
Bankers Almanac, offered by LexisNexis Risk Solutions, provides critical insights into financial institutions and global banking networks. The platform offers comprehensive data on correspondent banking relationships, regulatory risk assessments, and institution-level compliance requirements. Designed to support due diligence and compliance efforts, Bankers Almanac integrates seamlessly with risk management workflows, providing detailed reporting and actionable intelligence. This solution helps organizations mitigate risks, ensure compliance, and enhance their understanding of global financial ecosystems. |
| Vendor | ComplyAdvantage | LexisNexis Risk Solutions |
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| Vendor Headquarters | United States | United States |
| Vendor Founded | 2014 | 1970 |
| About the vendors |
ComplyAdvantage, founded in 2014, is a RegTech company that specializes in providing AI-driven financial crime risk detection and anti-money laundering (AML) solutions. ComplyAdvantage leverages artificial intelligence, machine learning, and natural language processing to offer real-time risk insights and AML data solutions. The company provides a range of services, covering: - AML onboarding and monitoring - Transaction monitoring - Payment screening - Politically exposed persons (PEPs) and adverse media screening - Real-time sanctions and watchlist screening ComplyAdvantage has experienced significant growth since its inception, raising $88.2 million through three rounds of venture capital funding and expansion of its operations with offices in the United States, Singapore, and Romania. The company serves over 1,600 businesses across the globe, including major financial institutions like Santander and Affirm, and clients have reported a 70% reduction in false positives and a 50% decrease in onboarding cycle time. |
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 |
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