How does RiskNarrative compare to SensaAI for AML?

RiskNarrative, offered by LexisNexis Risk Solutions, is a comprehensive decision-making platform designed to streamline customer onboarding and risk assessment processes. By analyzing customer data, the platform identifies risks associated with fraud, financial crime, and regulatory compliance in real-time.

The solution integrates seamlessly with internal systems, offering customizable workflows, automated decisioning, and actionable insights. RiskNarrative empowers businesses to enhance onboarding efficiency, mitigate risks, and maintain compliance while delivering an exceptional customer experience.

SensaAI for AML by SymphonyAI augments existing AML transaction monitoring systems with AI that identifies emerging criminal behaviors while significantly reducing false positives. Detection engine agnostic, it enhances any setup to uncover suspicious activity that existing systems may miss, providing a deeper understanding of entities and their evolving risk profiles. This agile augmentation transforms AML operations, ensuring compliance and bolstering financial crime prevention efforts. :contentReference[oaicite:3]{index=3}

• 🏆 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)

• 🏆 Ranked - Contender by Forrester (2024)
• 🏆 Named on RegTech100 by FinTechGlobal (2024)
• 🏆 RiskTech AI 50 2024 - Ranked 15 by Chartis (2024)

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

SymphonyAI offers AI-driven, industry-specific applications. Their focus in the risk space is financial crime, focussed on the financial services sector.