Assetz Capital to Leverage RiskNarrative Platform to Address Financial Crime Management

Assetz Capital is pleased to enter a partnership with LexisNexis Risk Solutions in order to adopt the LexisNexis® RiskNarrativeTM platform across its business.

The platform uses automation, AI and machine learning to offer an enhanced, configurable and accessible financial crime lifecycle management service. This should enable Assetz Capital to improve their KYC and AML detection capabilities, and offer productivity benefits to clients and businesses.

The RiskNarrativeTM platform should enhance their onboarding process, enabling their colleagues to carry out several KYC and AML checks from multiple data sources simultaneously,  thus helping to improve checks alongside reliable fraud detection and document verification capabilities.

Oliver Ward, Group Head of Change & Lending Operations at Assetz Capital, stated:

“Since deploying the platform, we have seen fantastic operational and productivity improvements with reductions in the time taken to complete KYC and AML checks, thereby reducing the time from application to fund, for our customers.”

Edward Vaughan, Banking Expert at LexisNexis Risk Solutions, remarked:

“It’s brilliant to see the RiskNarrative platform help organisations of all sizes protect their customers from the effects of financial crime. I am delighted Assetz Capital are one of our customers, and that we can support their onboarding processes, especially when the cost of compliance is at an all-time high. We look forward to future initiatives with them as they deliver an exceptional and frictionless customer experience.”

Tony Kear from UK’s Assetz Capital had noted in March 2022 that he joined in November 2020 and was “just getting his feet under the desk when COVID hit.”

Tony Kear shared that he started his Corporate Banking career in 1990 based in NatWest Bridgend with “an emphasis on farming ([he] worked on a 100 strong dairy herd milk farm in my teens), prior to joining the dedicated Cardiff Corporate Banking Centre in 1992.”

He also noted that (at that time) turnover exceeded £1 million. His first Managerial role was “leading the Cold Calling team to generate new business leads.”

He added that Assetz has “a reputation of looking at deals that are often not straight forward and have wrinkles but the experience of the Relationship Directors and Credit are shaping these opportunities.”

He also revealed that with the ability to look at £5m+ now, “larger opportunities are landing in our inbox.”

He added that if Assetz can land more and more of these, “backed by more simplified drawdown paperwork etc via the Change Team, then Assetz’s goal of £1Bn of lending per annum will be a lot easier than it sounds.”

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