Case Study: Finbond Mutual Bank achieves regulatory compliance and faster customer onboarding with LexisNexis Risk Solutions' Bridger Insight XG

LexisNexis® Risk Solutions Helps Enable Finbond Mutual Bank to Comply with Financial Crime Regulatory Requirements

Finbond Mutual Bank, a South African lender that became a mutual bank in 2012, expanded its services and faced significantly stricter KYC/CDD and regulatory oversight from the South African Reserve Bank. The bank needed near real-time screening for customer onboarding, batch screening for existing accounts, and reliable sanctions and PEP screening to meet audit requirements and reduce compliance friction.

By implementing LexisNexis Risk Solutions’ Bridger Insight XG with the WorldCompliance data set and professional services support, Finbond automated real-time and batch screening, tightened false‑positive rules and accept lists, and streamlined account monitoring. The outcome was faster onboarding, lower compliance costs, fewer unnecessary alerts, and audit results that exceeded regulator expectations.

Finbond Mutual Bank

Jacques Van Der Merwe

Compliance Manager