Case Study: Banco BPM achieves significant time savings and standardized, auditable KYC with LexisNexis Risk Solutions' Bankers Almanac Enhanced Due Diligence

Banco BPM further strengthens its processes with financial counterparty KYC software from LexisNexis® Risk Solutions

Banco BPM, Italy’s third-largest retail and commercial bank with over 4 million customers, faced a time-consuming KYC challenge: its Trade Finance team reviewed about 100 financial counterparties annually, manually compiling reports from Word and Excel and mapping complex ownership structures—some with 30+ entities—before analysts could assess risk. The bank needed a standardized, auditable KYC workflow that reduced manual effort and ensured consistent application of best-practice processes.

Banco BPM implemented LexisNexis Bankers Almanac Enhanced Due Diligence to automate report building, ownership and key-personnel mapping, and screening for sanctions, enforcement actions, PEPs and adverse media. Analysts now save roughly 10 hours per counterparty review (about 50% from automatic report generation and 50% from process efficiencies), produce faster standardized KYC reports, and maintain a robust, automatically generated audit trail; the team adopted the new workflow in about a week.

Banco BPM

Paolo Rodolfi

KYC Analyst, Trade Finance