Case Study: Banco Caribe achieves automated compliance screening, 92% false-positive reduction and 66% faster remediation with LexisNexis Risk Solutions' Bridger Insight XG

Capturing increased compliance efficiencies to support enterprise growth opportunities with LexisNexis Bridger Insight XG

Banco Caribe is a growing, customer-focused bank in the Dominican Republic with 22 branches and a leading position in used-vehicle lending. Rapid growth and evolving regulatory demands compelled the bank to streamline initial screening, strengthen sanctions and PEP compliance, clarify beneficial ownership for complex corporate customers, reduce exposure to money‑laundering risk in the Latin American market, and build stronger audit capabilities.

Banco Caribe implemented LexisNexis Bridger Insight XG via direct API and batch integrations to automate high‑volume watchlist screening, ongoing monitoring and bulk customer checks. The solution enabled real‑time branch screening for 90% of new customers, cut remediation times by 66%, reduced false positives by about 92%, sped onboarding (notably for corporate accounts) and moved manual monthly reviews to automated weekly checks — while providing robust reporting and an auditable trail so compliance teams can focus on highest‑risk clients.

Banco Caribe

Rosalinda Marte

Money Laundering Prevention Manager