LexisNexis Bridger Insight launches in the UK
Response to call for increase in monitoring
London 27 August 2009 - In response to a growing need for faster and more effective compliance processes, LexisNexis today launches LexisNexis Bridger Insight in the UK. Designed to make compliance with Money Laundering Regulations 2007 and the Counter Terrorism Act 2008 simple, efficient and cost effective, LexisNexis Bridger Insight offers businesses a superior watch list and sanctions screening service, capable of batch checking high volumes of clients in a single search.
For over 10 years LexisNexis Bridger Insight has been widely used globally for comprehensive client screening. Currently, nearly 4000 clients in the US and Europe rely on LexisNexis Bridger Insight to protect their organisations.
The Money Laundering Regulations 2007, coupled with the Financial Services Authority’s pressure on firms to improve their monitoring and new obligations under the Counter Terrorism Act 2008, all mean that there is an increased need for robust and ongoing client screening to protect corporate reputation and profitability.
Dan Marshall, Commercial Director at LexisNexis, said: "LexisNexis Bridger Insight is proven to cut the cost of compliance by streamlining client on-boarding, drastically reducing false positives and significantly increasing the speed and effectiveness of the compliance process. We enable clients to run very high volumes of customer checks in a single search against constantly updated data. This process can be run as frequently as required so that organisations can be confident of staying compliant. With the heavy fines and reputational risk of non-compliance it is vital that businesses can screen clients and are alerted to take immediate action if a client suddenly appears on a prohibited list."
LexisNexis Bridger Insight can search for a single name or screen large volumes of clients via batch processing against the most up to date watch lists. Multiple deployment options enable use online or integration behind a client’s firewall. Existing internal watch lists or content from a preferred provider can be easily integrated. It can also adapt to new regulatory requirements. The industry leading fuzzy name-matching algorithm in LexisNexis Bridger Insight ensures better match rates, reducing exceptions and improving workflow. Therefore helping companies save time and money through the reduced number of false positives.
The sanctions and watch lists that come as standard as part of LexisNexis Bridger Insight include HM Treasury, FBI, World Bank and United Nations data.
LexisNexis Bridger Insight is part of LexisNexis’ wider Anti-Money Laundering compliance suite and complements LexisNexis KYC, which is used for enhanced customer due diligence and in depth investigations.
is a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. LexisNexis originally pioneered online information with its Lexis® and Nexis® services. A member of Reed Elsevier
[NYSE: ENL; NYSE: RUK], LexisNexis serves customers in more than 100 countries with 18,000 employees worldwide.
In the UK, LexisNexis
online services include LexisLibrary - named Online Product of the Year at the Legal Technology Awards - and Nexis® the single most powerful global news & business information service. The company has over 1,000 employees in the UK.About LexisNexis Bridger Insight
LexisNexis Bridger Insight
is available immediately. Demonstrations of LexisNexis Bridger Insight are available in person or by Web meeting. Please contact us if you would like to see how the system works.Press Contact Information:
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