SP Angel use Lexis Diligence to onboard new clients

September 24, 2014 by Rebecca Gillingham

With clients around the globe benefiting from our valuable services for due diligence and research purposes, we often get asked about the impact of our work and how we help our users. To that end, we have worked with some of our clients to showcase how our solutions have helped them. These case studies are now featured in a series of posts.

spangelSP Angel is an independent partnership providing creative investment banking solutions to investors and growing companies. Operating internationally across many key sectors, their busy research team need to provide in-depth analysis on clients and the markets in which they operate.

To remain compliant with all relevant legislation, and to reduce reputational risk, SP Angel needed a robust and effective means by which to conduct due diligence on new and current clients and their company directors.

SP Angel use Lexis Diligence for checking high-risk entities against global databases of news, legal case history, sanctions and PEP lists to assist proof of identity and reveal associated interests. SP Angel Partner, John Mackay, explains:

"We were impressed by the global and comprehensive nature of Lexis Diligence, combined with the flexibility shown by the LexisNexis team."

Unlike freely available information on the internet, which can be unreliable, Lexis Diligence gives SP Angel one source for data with global reach and trusted sources. Lexis Diligence helps SP Angel to bring new clients to the business quickly and to rapidly identify any issues with potential new directors. They found that implementing Lexis Diligence was a simple process and appreciated the flexible approach that LexisNexis took to their business needs.

Lexis Diligence has become an essential part of SP Angel's tools for conducting due diligence checks. John continues:

"Lexis Diligence has been a great investment. It saves us a huge amount of time and provides clarity on our research on individuals, substantially reducing risk and ensuring compliance with both our own rules and external regulation."

Access to data like this isn’t just limited to global partnerships; partnerships of all sizes can take advantage of Lexis Diligence to support their due diligence. If you feel like Lexis Diligence could help drive more income for your business, you might benefit from a consultation with one of our specialists.

Read the full case study here: http://bis.lexisnexis.co.uk/solutions/success-stories/SP-Angel-onboarding-new-clients-efficiently

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t: 020 7400 2809
e: risk@lexisnexis.co.uk

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End notes

If you are looking for ways to gain more transparency over your customers and suppliers, why not look at the range of solutions that LexisNexis offers – click here for more information.