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The table below summarises some key information about Payment Screening from ComplyAdvantage and Bridger Insight XG from LexisNexis Risk Solutions, giving you some points to compare.
| Payment Screening | Bridger Insight XG | |
|---|---|---|
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| Product Description |
ComplyAdvantage's Payment Screening solution ensures that financial transactions are screened against global sanctions lists, PEP databases, and adverse media sources in real-time. This solution helps organizations comply with international regulations by preventing illicit transactions and minimizing financial crime risks. The system's advanced algorithms provide accurate and efficient matching, significantly reducing false positives and improving operational efficiency. Its flexible configuration options allow businesses to customize screening parameters based on their risk tolerance and regulatory requirements. Alerts and detailed reporting features keep compliance teams informed and prepared for audits. By safeguarding payment processes, ComplyAdvantage's Payment Screening solution enhances security and ensures the integrity of financial operations. |
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. |
| 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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