FactSet and ComplyAdvantage partner to accelerate time-to-revenue for tier-1 corporate banks

FactSet, a global financial digital platform and enterprise solutions provider, and ComplyAdvantage, the leader in AI-driven financial crime risk management, today announced a strategic partnership to deliver an end-to-end workflow explicitly designed for relationship managers (RMs) in the corporate banking sector.

The partnership bridges a critical gap in the market by allowing RMs to “live” within the FactSet terminal as a one-stop shop for their daily activities. By embedding ComplyAdvantage’s risk and compliance intelligence, RMs can now manage all six stages of the corporate banking workflow – client engagement, business development management, risk assessment, risk monitoring, onboarding & transaction execution, and transaction operation & maintenance – within a single interface.

Eliminating the onboarding bottleneck

In the current landscape, onboarding a new corporate customer is an extensive, multi-week process that delays a bank’s ability to begin generating interest, foreign exchange (FX) fees, and transaction revenue. Feedback from tier-1 institutions, such as Citi, Bank of America, and Wells Fargo, highlights that analysts can spend up to 50% of their time on manual data collection for AML pings, creating a significant “human element” of duplication.

“We want to ensure that compliance is no longer a bottleneck for growth,” said Vatsa Narasimha, CEO at ComplyAdvantage. “By integrating our real-time risk data into the FactSet terminal, we are making RMs more productive and ensuring that every deal they bring to the table is aligned with regulatory standards from the very first click. This proactive approach leads to faster onboarding times, directly translating to a faster time-to-revenue for corporate banks.”

Empowering intentional business development

FactSet’s workstation already helps RMs identify and prioritize clients through private company data, credit data, and ownership insights. By layering this with ComplyAdvantage’s risk data, RMs can now practice what the partners refer to as “intentional business development.” 

“FactSet has dedicated decades to developing purpose-built analytics engines and productivity tools that dealmaking users rely on, and this launch marks an exciting next step in FactSet’s commitment to innovation for our clients,” said Kendra Brown, Senior Vice President and Senior Director of Banking and Sell-Side Research at FactSet. “By embedding GenAI directly into FactSet Workstation, we empower relationship managers to make smarter, faster decisions and boost productivity. Our advanced tools are helping banks accelerate onboarding and enhance revenue generation.”

Strategic value and TCO reduction

The partnership enables banks to replace cumbersome, siloed systems with an integrated ecosystem. By housing ID verification, beneficial ownership, and organizational charts within the FactSet terminal, the solution minimizes the need for multiple third-party tools and reduces the total cost of ownership (TCO). This end-to-end offering allows users to conduct business prospecting and client engagement (FactSet) alongside compliance and risk responsibilities (ComplyAdvantage) in a single tool.

Key partnership highlights:

• Faster time-to-revenue: Accelerated onboarding allows banks to activate new relationships and start generating revenue weeks earlier than traditional manual methods.
• Full workflow coverage: FactSet addresses client engagement and business development management; ComplyAdvantage addresses the remaining four workflows (risk assessment, risk monitoring, onboarding & transaction execution, and transaction operation & maintenance).
• Increased productivity: Eliminates manual duplication by housing all documentation and verification in one interoperable environment.
• One-stop shop: RMs manage business development, client service, and risk management within the industry-leading FactSet UI.