Customer or vendor onboarding is one step in a risk-based approach to regulation compliance. You also need to identify high-risk customers for escalated due diligence and maintain an audit trail of your efforts.
Introducing Diligence Spotter
As the regulatory landscape continues to evolve, establishing an agile risk management and compliance process is critical.
Diligence spotter combines third-party screening, risk assessment, ongoing monitoring and case management into a robust regulatory compliance solution.
And because you can incorporate additional internet research in your screening, you can be confident that as regulations evolve, Diligence spotter can keep up.
Capture a real-time, daily assessment of risk so you can escalate your due diligence as needed in an end-to-end workflow solution.
Strengthen your risk assessment process
Manage cases, screen third parties, set risk profiles and assess risk with Diligence spotter, the dynamic workflow solution from LexisNexis BIS.
This powerful third-party risk management tool enables you to:
Conduct automatic batch screenings that check against watch lists as an added layer of due diligence for a risk-based approach to compliance.Take advantage of extensive reporting capabilities including holistic dashboard reporting and individual third-party reporting as well as incorporating ongoing compliance monitoring with follow-up reporting in your workflow.
Uncover potential risks that signal the need to escalate your due diligence screenings of customers or vendors to mitigate compliance risk. Conduct third-party risk assessments and create risk profiles for clients, suppliers and agents including classifications by geographic location, activity, origin of client relationship, missing documents and more
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If you are an existing customer and need technical support please call 0845 647 8888 or email firstname.lastname@example.org