EUROPEAN RELIANCE
A company of Allianz
infoCREDIT GROUP
securing ease of mind

Client: European Reliance Co SA
How Infocredit Group and LexisNexis Risk Solutions have helped to automate the Client Screening Process

Overview
European Reliance General Insurance Co., now renamed Allianz and one of the largest insurance companies in Greece, has selected Infocredit Group, the strategic partner of LexisNexis Risk Solutions, to achieve its ultimate goal of automating and enhancing its customer screening process.
The company, always striving to be in full compliance with AML regulations and directives, integrated the Politically Exposed Persons (PEP) lists of WorldCompliance to its in-house screening solutions. The decision to work with Infocredit Group and to select the World Compliance Search Tool was based on the solution’s effectiveness and efficiency in carrying out a quality screening process. The selection of this partnership, which now dates back 3 years, was based on the variety of services offered, its existing market credibility and the excellent cooperation with Infocredit Group.
 
Problem and Solution
European Reliance, in need to maintain the highest level of compliance within the AML/CFT regulation and framework, aimed at improving internal information systems to automate its screenings based on quality criteria.
Infocredit Group’s strong reputation for providing a high level of regulatory compliance services played an important role in the initial selection. Infocredit Group and its partner Lexis Nexis stood out from the competition due to the consistently high quality of the provided data and the easy-to-use interface of the solution.
By integrating the data of World Compliance into their internal system, the company has achieved its goal of mitigating risk by identifying PEPs, people within Sanctions lists, exposure to adverse media, and more. European Reliance now knows immediately and automatically which of its clients belong to PEPs lists, watchlists, sanctions or any other high-risk categories.

European Reliance Co SA has automated the screening process of its customers. The company now knows immediately and automatically which of its clients belong to PEPs lists, watchlists, sanctions or any other high-risk categories.

How European Reliance best describes its partnership with Infocredit Group
How is your cooperation with Infocredit Group?
Infocredit Group has been supportive and effective throughout the process. When clarifications were requested, the Infocredit Group team, through communications supported and delivered immediate solutions in all aspects of the integration of the solution through various communications (online meetings, calls, sms, emails).

How satisfied are you with Infocredit Group, its personnel, and the service provided to you?
Our satisfaction with the personnel and the service provided by Infocredit Group is unquestionable and this is proven by the fact that the cooperation between us has been going on for three years already. We look forward to the continuation of this excellent partnership and we always look forward to using the company’s innovative services, which contribute to the advancement of the procedures and services provided by our company to our clientele.

“Compliance with regulatory issues is a primary goal for European Reliance. The choice of cooperating with Infocredit Group to comply with the specific KYC requirement to prevent the “Laundering” of Dirty Money, fully covered this need immediately and effectively, by automating our screening processes while facilitating our work.”
Katerina Papadopoulou – Head of Compliance & AML, European Reliance.

This document is for educational purposes only and does not guarantee the functionality or features of LexisNexis or Infocredit Group’s products identified. Infocredit does not warrant this document is complete or error-free.