Solution Walkthrough

The FintechOS Lexis Nexis Connector offers the possibility of accessing and retrieving individual or business information by searching in databases for fraud or potential fraud. LexisNexis Bridger Insight XG is a risk management product that aids financial institutions by simplifying and accelerating the Know Your Customer (KYC) process. In addition, when searching the Lexis Nexis databases through the connector, it allows for configurations such as: determining which settings to use, as well as storing the results in the LexisNexis Bridger Insight XG database.
LexisNexis Bridger Insight XG is the screening tool to use for individuals or business customers and their legal representatives. In addition, the Lexis Nexis platform offers access to a payment screening tool that returns alerts set within the World Compliance part of Bridger Insight XG. These features help the onboarding process of a new customer or business but it's also used for further monitoring purposes and payment screenings. This means that the financial institution is alerted if any changes that break regulatory obligations appears. The procedure is simple, a search is made by the bank clerk or anyone authorized to use the platform and results are retrieved. The returned data can either point out that no matches are found or that an alert is found. The generated alerts have a confidence score rating up to 100.

FintechOS offers the possibility of accessing Lexis Nexis databases through the Lexis Nexis Connector. In order to have access to fraud records, the below digital journey is proposed.

Lexis Nexis Connector

For a detailed walkthrough on how to search for company information, see the Search Lexis Nexis page. To download the diagram in Visio, click here.