Boost Compliance Efficiency While Reducing Costs: The Power of Minimizing False Positives

In the financial industry, regulatory compliance is both essential and challenging. As financial institutions and businesses face an increasing volume of alerts, transactions, and entities flagged on watchlists and sanction lists, the pressure to manage these efficiently without escalating costs intensifies. The solution to this challenge lies in reducing false positives—an area where the LexisNexis? Intelligent Match Decision Solution (IMDS) excels.

The Hidden Costs of False Positives

False positives are a significant frustration in compliance management. Each incorrect alert that necessitates manual review diverts time, resources, and focus from your team. Rather than addressing real risks, your compliance efforts are consumed by the need to filter through irrelevant data. This inflates operational costs and slows down your organization’s ability to respond promptly and effectively to genuine threats.

IMDS: Revolutionizing Compliance with Fewer False Positives

LexisNexis has developed the Intelligent Match Decision Solution (IMDS) to directly address false positives. By automating the remediation of a substantial portion of matches identified during PEP, Adverse Media, and Sanction Screening, IMDS significantly reduces the number of false positives, enabling your organization to:

• Slash Costs: Minimize expenses tied to manual alert remediation by reducing the number of false positives.
• Enhance Efficiency: Streamline compliance processes, improving operational performance and a stronger bottom line.
• Focus on Real Threats: Direct your team’s efforts towards the matches that truly matter, ensuring critical risks are not overlooked.
• Strengthen Compliance: Improve your overall compliance posture by reducing noise and focusing on relevant risks.
• Be Prepared for Anything: Equip your operations to handle unexpected spikes in alert volume without compromising quality or efficiency.

Smarter Screening, Better Results

IMDS utilizes advanced analytics and machine learning to intelligently filter alerts, reducing the volume of false positives and ensuring that only the most pertinent matches require attention. Seamlessly integrated into LexisNexis? Bridger Insight? XG, this solution empowers your team to:

• Quickly Identify and Eliminate False Positives: Eliminate inefficiencies caused by irrelevant alerts.
• Escalate Legitimate Concerns: Automatically prioritize alerts that require in-depth review.

The result is a higher percentage of automatically remediated matches, fewer distractions, and a more focused, effective compliance process.

Tailored Solutions for Every Need

IMDS is available on a subscription basis with flexible delivery models to suit your organization’s unique requirements:

1. Custom Solution: Receive a solution tailored to your data and compliance needs, developed by LexisNexis Risk Solutions.
2. Customer-Developed Solution: Build your own solution using the attributes available in Bridger Insight XG or request additional attributes, with implementation support from LexisNexis.
3. Joint Development Solution: Collaborate with LexisNexis’ in-house analytics team to create a custom solution integrated into Bridger Insight XG.

Would you be ready to Enhance Your Compliance Process?

Reducing false positives is not just about cutting costs—it’s about making your entire compliance operation more effective and focused. With LexisNexis? Intelligent Match Decision Solution, you can achieve both, ensuring that your team spends less time on irrelevant alerts and more time on what truly matters.

Would you be interested in learning more? Connect with us to explore how IMDS can revolutionize your compliance processes. Together, we can help your organization navigate the complexities of regulatory compliance with greater efficiency and confidence.

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