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 Risk Assessment Software
As the regulatory landscape continues to evolve, establishing an agile third-party risk management and compliance process is critical.
Combining third-party screening, risk assessment, ongoing monitoring and case management, LexisNexis’ Diligence spotter software is a robust regulatory compliance tool that can evolve to suit your ongoing due diligence processes.
And because you can incorporate additional internet research in your screening, you can be confident that as regulations evolve, Diligence spotter will keep up.
Capture a real-time, daily assessment of business 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 risk assessment software. The dynamic workflow solution from LexisNexis BIS is designed for regulatory compliance and risk assessment so you can always be confident about meeting regulatory expectations.
This powerful third-party risk management tool enables you to:
Assess Business Risk with Third-party Screening
Identify and screen new clients, partners and organisations against Interpol, sanctions and internal lists as part of your KYC risk management process. Manage onboarding with ad-hoc and automated checks against watch lists, PEPs and your own internal watch list.
Ongoing Monitoring Solution
Conduct automatic batch screenings that check against watch lists as an added layer of due diligence for a risk-based solution 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.
Risk Assessment Tools
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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