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Banks (Finance)

Experian Launches New Solution to Combat Financial Crime in Banking and Lending Industry

Strategic Insights

— 1 min read

Financial crime continues to plague the banking and lending industry, with money laundering, fraudulent account activity, and account misuse posing significant threats to institutions and their customers. To combat this growing problem, Experian, a global data and technology company, has launched a new solution designed to help banks and lenders streamline Know-Your-Customer (KYC) checks and focus on high-risk threats.

Key Takeaways:

  • Experian's Financial Crime Compliance Perpetual Monitoring solution continuously monitors customer data from internal and external sources, automatically flagging data changes that may indicate risk and prompting investigators to take action.
  • The solution allows financial institutions to maintain robust compliance standards while improving the customer experience, streamlining operations, and reducing friction for customers.
  • Experian has worked closely with major banks and lenders, including Lloyds Banking Group, to pilot the solution, which is being rolled out more widely across the banking and lending industry over the next year.
  • The solution is designed to help financial institutions prioritize resources on accounts with higher potential risk, while continuing to meet their KYC and AML obligations.
  • Experian's collaboration with Lloyds Banking Group resulted in the development of an Automated Portfolio Monitoring (APM) solution, which has significantly reduced friction for customers and streamlined touchpoints.

Statistics:

  • Experian has a team of 25,200 people across 32 countries.
  • Experian operates across a range of markets, including financial services, healthcare, automotive, agrifinance, insurance, and others.
  • The company has a presence in over 30 countries and 25,000 employees.
  • Experian is a FTSE 100 Index company listed on the London Stock Exchange (EXPN).

Sources:

  • Experian PLC. (2025). Experian launches new solution to help banks and lenders combat financial crime. Retrieved from

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