BIGTXN and LSEG Jointly Enhance Transparency in Sanctions Monitoring for Financial Institutions

BIGTXN and LSEG Risk Intelligence Announce Strategic Partnership

In a significant move to bolster sanctions transparency in the financial sector, BIGTXN, a prominent provider of screening data solutions, has entered into a partnership with LSEG Risk Intelligence. This collaboration aims to develop state-of-the-art products specifically designed for financial services firms, focusing on enhancing sanctions screening capabilities.

Merging Expertise for Innovative Solutions

The partnership leverages the strengths of both companies, combining BIGTXN's robust data solutions with LSEG's established sanctions intelligence, particularly through its flagship service, LSEG World-Check. This solution delivers comprehensive sanctions coverage designed to assist organizations in meeting their regulatory obligations while effectively managing financial crime risks. The integration of these technologies promises to provide clients with crucial tools to navigate the complex landscape of financial regulations.

According to Haider Mannan, CEO of BIGTXN, “We’re thrilled to join forces with LSEG Risk Intelligence. This collaboration represents a major milestone in our growth strategy, and we believe it will unlock powerful opportunities to innovate faster and serve clients even better.” This sentiment captures the essence of the partnership, reflecting a commitment to delivering exceptional value to clients.

Enhanced Risk Screening Capabilities

The collaboration is set to improve risk screening capabilities significantly. Chris Moyser, Head of Strategy at LSEG Risk Intelligence, stated, “By combining our deep expertise in sanctions intelligence with BIGTXN’s proven strength in securities data, we’re unlocking new opportunities to enhance risk screening capabilities. Together, we’re empowering clients to make more informed decisions with greater precision and confidence.”

This joint effort comes as financial institutions face increasing pressure to comply with stringent regulations concerning sanctions and anti-money laundering measures. As the financial landscape evolves, the need for advanced data solutions has never been greater. The partnership signifies a response to these challenges, allowing firms to enhance their monitoring processes and adapt in real-time to changing regulatory demands.

About the Companies

BIGTXN

BIGTXN specializes in monitoring and screening data solutions designed for pre- and post-trade processing. By utilizing a specialized data management platform along with sophisticated matching algorithms, BIGTXN has positioned itself as one of the largest processors of securities data. The company is dedicated to delivering high-quality financial information tailored to meet complex use cases across financial institutions worldwide.

For more information, visit BIGTXN’s website or follow them on their social media pages.

LSEG Risk Intelligence

With its robust solutions, LSEG Risk Intelligence supports a wide array of financial services firms by providing critical insights and analytics necessary for navigating the complexities of compliance and risk management. By harnessing technology, LSEG remains at the forefront of innovation within the financial services sector.

Conclusion

The partnership between BIGTXN and LSEG Risk Intelligence marks a pivotal step towards improved transparency and efficiency in sanctions screening. As financial institutions seek to fortify their defenses against regulatory risks, this innovative collaboration is poised to offer indispensable support in these efforts, ultimately empowering firms to operate with greater confidence and clarity in an increasingly regulated environment.