Case Study: Global Financial Services Provider achieves 50% more account openings and 29% lower compliance costs with LexisNexis Risk Solutions

Payments Giant Increases Account Openings by 50% While Reducing Compliance Costs by 29%

A multinational payments firm based in APAC for financial services faced slow, siloed account‑opening processes across multiple vendors, heavy manual KYC/KYB/AML reviews, and rising false positives that delayed onboarding and constrained growth.

The company implemented LexisNexis RiskNarrative to unify verification, screening and orchestration via a single API and no‑code workflows (including biometrics and automated risk scoring). Within three months and two implementation phases, onboarding time improved 24%, accounts opened rose over 50%, transaction volumes grew 25%+, false positives fell ~30%, and total compliance costs dropped 29%; the firm is now expanding into transaction and beneficiary risk scoring.