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Lynx Tailored Delta List
Generate a customized delta list that aligns with your policy and risk tolerance with Lynx Tailored Delta List. Achieve accurate reconciliations with a single comprehensive view of changes, updated daily.
The Challenge: Untargeted Watchlist Delta Files
In today’s ever-evolving geopolitical environment, watchlist changes are constant. Unfortunately, so are false positives and unnecessary rescreening for most Financial Institutions (FIs).
FIs need to conduct ongoing customer screening to determine if watchlist and customer profile changes indicate increased customer risk. To facilitate this, watchlist providers offer delta file services which include day-to-day watchlist entry changes.
Most of these delta files aren’t tailored to your specific risk policies. They simply track every watchlist change.
This generates a large number of alerts based on irrelevant changes. Any and all watchlist and customer profile changes may trigger alerts.
The burden falls on your team to manually filter out unnecessary updates and false positives in addition to reconciling watchlist files. Keeping up with changing watchlists becomes a full-time job.
Traditional Screening
Fields in black will trigger alerts when updated
Configurable Rule Editor and Filters
Our configurable rule editor allows you to specify the attributes that prompt screening at onboarding and rescreening. Create rules and filters specific to policies, countries, channels, customer profiles, data types, products, and more.
The Solution: Lynx’s Tailored Delta List
Lynx’s Tailored Delta List solution enables you to outline the changes that trigger rescreening.
Customize which watchlist and customer profile updates trigger rescreening, from new watchlist entries to updated addresses and more. Our solution creates a tailored list of entities that have new pieces of information based on the inputs from your policy.
Tailored Delta List
Fields in coral will trigger alerts when changed. Fields in grey will not trigger alerts when changed
Accurate and Automatic Watchlist Reconciliation
Automatically reconcile watchlist files over multiple days for the absolute delta of what has changed between specific periods of time. Lynx shows you absolute changes between lists without the need for manual reconciliation.
