Technology Awards 2017 – Best AML Solution

Best AML Solution


Financial regulators in Hong Kong, Singapore and their peers across Asia, have made anti-money laundering compliance a top priority, as evidenced by the growing number of enforcement actions and heightening scrutiny of financial institutions across Asia’s most important financial centres. Accordingly, the onus on banks to conduct effective and efficient AML compliance is only increasing.

LexisNexis Risk Solutions, which partners with Asia’s private banks by combining time-sensitive data and watchlist and transaction screening technologies to fortify compliance measures, is an undisputed champion in the AML space. The tech provider leverages a range of technologies and advanced analytics revolving around know your customer, customer due diligence, sanctions, fraud and identity verification as well as credit risk assessment to improve operational efficiencies and ensure that the compliance standards of private banks are aligned with evolving regulations. Ultimately, banks partnering with LexisNexis Risk Solutions have reduced AML-related costs and increased efficiency, so that they are better-placed to allocate resources among business lines.

LexisNexis Risk Solutions also archives more than 2.6 million individual and entity profiles with financial crime compliance risk. By utilising this data, institutions are able to confidently detect, analyse, and manage risk in their customer portfolio with efficiency and accuracy. Through appropriate risk categorisation, LexisNexis Risk Solutions delivers insight tailored and aligned to customers’ compliance and risk appetites.

Having achieved triple-digit percentage business growth in Asia in 2017 and partnering with 2,300+ financial institutions globally, including many private banks in APAC, the LexisNexis Risk Solutions products are not only sought after, but they are also necessary for an industry grappling with regulatory tightening.

LexisNexis Risk Solutions is Asian Private Banker’s Best AML Solution for 2017.

David Haynes, director, financial crime compliance for Asia, LexisNexis Risk Solutions

“We are grateful to be honoured with this prestigious award. It highlights the demand for high-quality technology, data and analytics solutions from our clients in Asia across industries including banking, wealth management, fintech and e-commerce. They seek efficient KYC, customer due diligence and watchlist screening processes through a single entry point. Financial institutions and corporates doing business across the region are seeking increasing AML compliance efficiency in an era of heavy operational workload, which drives demand for the LexisNexis® Risk Solutions Bridger Insight® XG platform with our WorldCompliance dataset.”