In the volatile and rapidly-changing environment we now find ourselves in,
mitigating financial crime activity is more important than ever before.
Across the UK, banks are undertaking financial crime transformation programmes that continuously and strategically monitor their commercial portfolios using event-driven reviews. By introducing this approach, banks and lenders can actively manage financial crime risk and more successfully combat money laundering.
This can be an enormous undertaking, but Experian can build the data foundations in just 6 weeks, enabling our clients to realise the benefit within months of project commencement. In this paper we detail our 7 step approach to supporting clients with event-driven reviews.
Money launderers are exploiting frailties in the system to wash billions of pounds worth of illicit transactions through the UK economy each year. But there’s a number of ways we can spot these suspicious organisations.
Using our bureau data, Experian has profiled the typical characteristics of a money-launderer. Individually, these markers may not raise suspicion and may go undetected by the lender. When applied holistically using Experian data, the multiple red flags offer previously unavailable context, indicating serious cause for concern and likely money-laundering.
Experian's Commercial Credit Bureau is a market-leading source
of information on British businesses and their financial health.
Commercial Delphi Gen 6 is our most accurate risk score yet, helping lenders to reduce the level of bad debt within their portfolio.
This helps us to understand your
current business needs and processes
Tell us a little about existing performance
and the impacts on your portfolio
Based on your responses, unlock a
bespoke estimate on potential savings
Gain Transparency, Confidence and Control of matching.
Resolve consumer and commercial entities dependably.
Identity Resolution is a data management process that checks, validates and appends information across devices and digital footprints using a unique matching process to create a single, data-rich profile for a person or business.
It resolves customer data duplications and inconsistencies using both data management techniques and trusted reference data in tandem.
The digitisation of the customer experience, and its inherent implications for fraud and security breaches, is leading to organisations taking a fresh look at what they mean by ‘customer.’ Identity Resolution is the key to knowing who your customers are in a way that is fuller and more holistic than previous approaches.