Lincoln, Nebraska – October 22, 2009 Automated Systems, Inc. (ASI) announces a new strategic alliance with LexisNexis Risk Solutions to provide tools to financial institutions to reduce the cost of regulatory compliance and limit exposure to risk.
By entering into a strategic alliance with LexisNexis Risk Solutions, ASI is able to provide integrated access to Bridger Insight XG, a powerful tool for regulatory compliance, within the Insite Banking System™ applications. This includes customer verification, new account creation, check cashing, and more within the Insite Banking System™ core application as well as Insite iTeller™, an image teller solution.
Financial institutions face risks by not knowing enough about their existing and prospective customers. Consequences can include regulatory fines and increased losses associated with fraud. By combining media searches and watch lists with public record information, Bridger Insight XG helps financial institutions alleviate risk by facilitating access to a suite of various tools including identity verification, regulatory compliance and enhanced due diligence.
“This new alliance with LexisNexis Risk Solutions will give our financial institution customers an advantage by allowing them to potentially reduce their regulatory compliance costs and give them a sophisticated advanced option when cross referencing their current and potential clients. The security of our clients is our highest priority,” said Bradley Perry, VP of Operations.
Financial institutions can easily compare Bridger Insight XG watch lists from a number of sources such as OFAC, UN, Interpol, and more during the account creation process in the Insite Banking System™ and Insite iTeller™. Now Bridger Insight XG watch list data can be included with Insite Banking System to create a multiple faceted risk analysis solution.
About LexisNexis Risk Solutions:
LexisNexis® Risk Solutions is the leader in providing essential information that helps advance industry and society. Building on the legacy of proven LexisNexis® services from the past 30 years, our cutting-edge technology, unique data and advanced scoring analytics provide total solutions that address evolving client needs in the risk sector while upholding high standards of security and privacy. LexisNexis Risk Solutions serves commercial organizations and government agencies and is comprised of several affiliated corporations, each offering premier customer-focused solutions. For more information, visit risk. lexisnexis.com.
LexisNexis Risk & Information Analytics Group has changed its name to LexisNexis Risk Solutions.
About Automated Systems, Inc.
Automated Systems, Inc. (ASI) has built strong relationships with community banks since 1981 to create the technological solutions necessary to address community bank management’s needs. ASI develops and supports software to help its customers operate efficiently and effectively. ASI also provides network support and consultative services to enable clients to maximize the latest technologies.
ASI corporate headquarters are at 1201 Libra Drive, Lincoln, Nebraska 68512, 402.420.6000 or 800.279.7312. For more information about the banking solutions from ASI, visit www.asiweb.com.
About Insite Data Services™
The Insite Banking System™ is a complete in-house or hosted core data processing solution utilizing a 100% Microsoft Windows environment: no Unix, no AS/400 and no mainframe. Automated Systems provides directly integrated solutions: image teller solution, check and document imaging, real-time telephone and real time online banking with remote capture. For more information about hosting from IDS, visit www.insitedataservices.com.