Case Study: MONETA Money Bank clears alert surge and automates sanctions & PEP screening with LexisNexis Risk Solutions

MONETA has used LexisNexis® Bridger Insight® XG for sanctions screening since 2012

MONETA Money Bank, a leading Czech consumer finance bank with over 200 branches and 3,100 staff, faced a compliance challenge after moving to LexisNexis Bridger Insight Enterprise and WorldCompliance Data in 2016. The bank experienced a significant initial alert surge (about 16,000 alerts), plus increased daily portfolio and SWIFT screening and new matches from the changed data source, creating a need to clear alerts and retune screening processes.

LexisNexis supported MONETA in clearing the surge and implementing Bridger Insight XG fully integrated into the bank’s systems, enabling automated screening of customers, related parties and payments, automated sanction/PEP updates, and connection to the local Customer Risk Rating engine. The solution’s case management and audit trail met regulatory record-keeping requirements, and retuning improved ongoing screening (including a noted ~10% increase in onboarding and SWIFT screening), delivering more efficient, compliant AML/CTF workflows.

MONETA Money Bank

Martin Hacek

Senior Compliance Manager