know your members better than ever with episys identity and sanction screening … 18... ·...
Post on 18-Mar-2020
0 Views
Preview:
TRANSCRIPT
Know Your Members Better than Ever with
Episys® Identity and Sanction Screening IntegrationSM
Scott Luer, Director of Financial Services Integration Partner Program, LexisNexis
Pey-Shiuan Zavala, Product Solutions Consultant, Symitar
Dan Falen, Vertical Solutions Consultant, LexisNexis Risk Solutions
November 18, 2016
FIN
03
01
12
LexisNexis® Bridger Insight® XG: Strengthen Sanctions and AML Compliance
FIN
03
01
12
3
The ever challenging Regulatory Environment
LexisNexis® Bridger Insight® XG
• Growing operational impact derived from broader and more complex sanctions
• Aggressive enforcement actions increasing the cost of failure
Evolution of sanctions compliance
• Responding to revised FATF recommendations
• Progressively complex regulations with wider obligations (KYC, KYCC, UBO)
Deeper scope of AML regulations
• Executive accountability for AML, KYC and filtering effectiveness
• Increasing focus on risk data architecture and risk data aggregation
Heightened regulatory expectations
• More effective and aggressive enforcement
• Growing reputational and legal costs
Anti-bribery and anti-corruption laws
• Resulting in new reporting and compliance obligations
• More governments enacting FATCA like programs
Initiatives to reduce tax evasion
FIN
03
01
12
4
How do we address the Compliance Needs?
LexisNexis® Bridger Insight® XG
KYC
Sanctions
AB&C
Financial Intelligence
• Customer Identification• Due Diligence
• Global sanctions• Accounts and Payments
• Bridger Insight® XG• InstantID® • WorldComplianceTM
• AML Insight
• LN Negative News
• Bridger Insight® XG• WorldComplianceTM
• Enhancement Lists
• Bridger Insight® XG• WorldComplianceTM (PEPs, SOEs, Adv. News)
• Bridger Insight® XG• AML Insight• InstantID® • Instant Verify Intl
• LN Negative News• WorldComplianceTM
FIN
03
01
12
5LexisNexis® Bridger Insight® XG
Bridger Insight® XG – Delivering Unparalleled Value
• With over 2,500 active customers, Bridger Insight® XG is one of the most widely used screening solution in the world.
• Processed in excess of 50 billion screening requests in 2014.
• Over 19 years of cumulative screening experience.
• Full integration of all LexisNexis® WorldComplianceTM data elements to boost operational efficiencies.
• Fully integrated with LexisNexis’ industry leading solutions for Identity Verification, Fraud Prevention, and Due Diligence.
(*) Sold separately.
FIN
03
01
12
Best-in-Class Matching Technology – The Key Ingredient to Achieve Balance
6
Bridger delivers proven features that improve the screening and customer due diligence processes:
• Flexible and safe false positive reduction features
• Screening services available in real-time, on-demand and batch modes for seamless integration
• Comprehensive custom list management allows flexibility to easily and rapidly deploy new screening lists
• Effective payment screening capabilities for SWIFT, ACH and FedWire formats enhance the Straight Through Processing
WatchLists
WorldCompliance
CustomLists
LexisNexis® Bridger Insight® XG
FIN
03
01
12
Bridger Insight® XG – An end to end AML Solution
LexisNexis® Bridger Insight® XG 7
Bridger Insight® XG
Web based UI
Case Management
Screening Lists
Tuning Tools• Accept Lists• White Lists• False
Positive Reduction Rules
Search Rules• Predefined• Custom
InterfacesBatch and
XML
Screening ServicesPayments / Accounts
Screening Results
Reports• Predefined• Queries
Admin Tools• System
Admin• User
Admin• List Admin• Rules
Admin• History
WorldComplianceTM
InstantID® FraudPoint® LexisNexis® News AML Insight
Core Banking Systems
Payment Systems
Compliance Users
System Admin
User Admin
List Admin
Watch Lists Custom Lists
© 2016 Jack Henry & Associates, Inc.®
• Interfaces to LexisNexis® Bridger Insight® XG list screening and
InstantID® services
• Three on-demand PowerOn™ specfiles
• Account and Application Names
• Check Disbursement Wizard
• Wire Management Module
• Can be integrated with Enhanced Member Application (EMA),
Enhanced Loan Application (ELA), and Enhanced Account
Revision
Episys® Identity and Sanction Screening Integration
© 2016 Jack Henry & Associates, Inc.®
• Six batch PowerOn™ extract specfiles
• Account Names
• Wires
• Checks
• Participants
• Payees
• Vendors
• Batch PowerOn specfile to import automatic batch results for
wires and update wire records
Episys® Identity and Sanction Screening Integration
FIN
03
01
12
Contact
If you have any questions or are ready to take advantage of the free trial period with LexisNexis, please email the Symitar Inside Sales Team at IST@symitar.com.
FIN
03
01
12
Questions/Comments
Questions?
Thank you for your participation!
top related