Benefits
Help mitigate risk and comply with International regulations
While many data resources provide just one or two pieces of vertical historical data to verify identities, InstantID® International uses advanced data linking to cross-reference multiple data sources. With multiple confirmations, you can turn prospects into customers and remain confident that you're also protecting your organization from various identity theft risks.
A different set of due diligence and AML regulations for each individual country makes it difficult to keep your compliance prevention efforts current. InstantID® International's multi-source data helps you comply with both domestic and International AML regulations including the US PATRIOT Act and the 3rd European Money Laundering Directive. It also allows you to automatically check against global interdiction lists including United Nations, OFAC and others.
Improve productivity and ROI
Until now, performing due diligence on Non-Resident Aliens (NRAs) and International customers was a tedious manual process that drained staff resources and decreased ROI. With unique and vastly different data sources in each country, it wasn't cost efficient to aggressively pursue these customers. Now InstantID® International has simplified, automated and removed the subjectivity from the process by giving you easy access to fast electronic identity screening and verification. It's the only data solution available that allows you to target NRAs doing business in the U.S. while assisting your company with its ongoing compliance obligations.
Receive efficient, reliable results
Our data linking and authentication process requires less input data, yet still generates fast, actionable output data to shorten overall acquisition timeframes. Multi-layered confirmations remove the subjectivity from the decision-making process, helping ensure you meet all your compliance obligations.
InstantID® International is a powerful solution that allows you to reduce costs and profit even more from a global presence, enjoy a dramatic increase in operational efficiency and protect your organization more effectively than ever before.
Get it now: For more information about LexisNexis® InstantID® International, please call 800.869.0751.
Features
LexisNexis® offers InstantID® International, a comprehensive identity verification, global anti-money laundering and risk management solution. You can better mitigate risks, protect your organization from identity theft and help your organization's ongoing compliance obligations. Key features include:
- Instant electronic identity verification
- Minimal customer information required
- Built-in watch lists and monitoring of high risk lists
- Reduction in fraud, chargebacks and false positives
- Objectification of previously subjective processes
- Reduction in operating costs and manual processes
- Shorter applicant-to-customer processing time
- Familiar InstantID® user interface
- Available in XML format (Online and Batch coming soon)
Get it now: For more information about LexisNexis® InstantID® International, please call 800.869.0751.
Optional Components
InstantID®
InstantID searches both business and consumer records to verify and validate companies and individuals and identify any potential risks that are associated with them.
Comply with federal regulations
The InstantID® solution was designed to help you follow the recommended policy guidelines published by the American Bankers Association—in fact, it is the only identity verification solution that has been endorsed by the ABA. It also helps you meet the new account opening requirements that are outlined in Section 326 of the USA PATRIOT Act.
Prevent identity fraud
InstantID combines verification, validation, and fraud detection tools in order to instantly verify businesses and individuals. It searches both business and consumer records, and it returns information that verifies a person's identity and alerts you to any indicators of potential fraud.
International Enhanced Due Diligence
LexisNexis® International Enhanced Due Diligence provides extraordinary benefits to your organization. Our extensive solution brings all of the benefits associated with the following international data and analytics tools:
Manage ongoing compliance regulations
InstantID® International helps support your organization's compliance obligations and conforms to domestic and international Anti-Money Laundering (AML) regulations, including the USA PATRIOT Act and the European Union Third Money Laundering Directive. It also checks against global international watchlists like United Nations, EU Consolidated List and OFAC.
Improve productivity and profitability
InstantID® International simplifies the due diligence process by automating easy access to fast electronic international identity screening and verification. LexID(SM), our proprietary data linking technology and authentication process, generates fast, actionable output data to shorten overall acquisition timeframes. Take advantage of LexID(SM), which intelligently scrutinizes billions of partial and complete records to create a multi-faceted view of an individual or entity.
Get it now: For more information about LexisNexis® InstantID® International, please call 800.869.0751.
