New alliance greatly enhances the efficiencies of a traditional Client Lifecycle Management platform
LexisNexis® Risk Solutions, a part of RELX Group (LSE:REL/NYSE: RELX), has announced an alliance with iMeta Technologies, a leader in Client Lifecycle Management (CLM) technology for financial organisations, to integrate iMeta’s CLM technology* with LexisNexis Risk Solutions’ data capabilities. Together, this alliance will increase efficiencies for customers and offer a more robust, all-encompassing bank compliance program.
By providing a single source of clean, consolidated data across the enterprise, LexisNexis Risk Solutions can now provide a CLM platform specifically designed to adapt to a firm’s individual and constantly changing business requirements. Proven to reduce operating costs and deliver operational excellence by harmonising multiple internal systems, accelerating client onboarding times, transforming the overall customer experience and driving a single view of the customer across a business, this revolutionary platform will provide customers with an end-to-end client lifecycle management system.
“With this union, our customers will now have the opportunity to receive our robust public records data and ID verification capabilities paired with an integrated platform to help them optimise and meet their KYC requirements,” says Daniel Wager, vice president, global financial crime compliance, LexisNexis Risk Solutions. “This important alliance with iMeta provides the opportunity for one-stop-shopping for onboarding consumers and businesses, bringing together all the data sources needed in a way that will help our customers maximise the efficiency of their operational processes and massively increase the speed at which they can serve their consumers and businesses.”
This new platform will offer significant benefits to customers, such as:
- Comprehensive reporting and dashboard capabilities;
- A tool that automatically associates business data with affiliates, clients and/or accounts;
- A single profile for each unique business or entity with connections between entities across all profiles highlighted;
- A seamless integration of up-to-date third party data content.
“We’re delighted to be working with LexisNexis Risk Solutions to harness the combined intelligence of our two companies,” says Ben Marsh, CEO, iMeta Technologies. “As we endeavour to provide a seamless journey for our customers throughout the CLM process, the productivity gained from this new, single solution will pay enormous dividends. Automation is key to profitable growth and the minimisation of risk, and leveraging a single product for all a customer’s CLM needs is the key to those business goals.”
About iMeta Technologies
iMeta is a leading provider of Onboarding, Client Lifecycle and Master Data Management software and services; delivering solutions to the global financial services industry. iMeta Technologies enables organisations to fully automate and manage the complex regulatory and operational data required to transact with their customers through the iMeta CLM platform. The system complies with KYC and AML requirements and regulatory demands such as MiFIDII, DFA and EMIR – offering regulatory surety and delivering a single, accurate client view across the organisation.
Source: LexisNexis Press Release