FactSet and ComplyAdvantage have announced a strategic partnership aimed at transforming workflows for relationship managers (RMs) within tier-1 corporate banks.
The collaboration is designed to address inefficiencies in corporate banking operations by combining FactSet’s analytics and data platform with ComplyAdvantage’s compliance and financial crime risk intelligence. Through this integration, the two companies aim to accelerate onboarding and reduce operational friction, helping banks bring corporate clients online faster and ultimately improve time-to-revenue.
FactSet provides financial data, analytics, and technology solutions used by banks, asset managers and other financial institutions globally. Its platform supports decision-making across investment research, dealmaking, and client relationship management, offering tools that help institutions analyse markets, identify opportunities and streamline workflows.
ComplyAdvantage focuses on financial crime detection and compliance technology, leveraging artificial intelligence and real-time data to help organisations manage anti-money laundering (AML), sanctions screening and risk monitoring. Its solutions are widely used by financial institutions to strengthen compliance frameworks while improving operational efficiency.
Under the partnership, ComplyAdvantage’s compliance intelligence will be embedded directly into the FactSet terminal. This will enable relationship managers to operate within a single interface while managing the full corporate banking lifecycle. The integrated workflow spans six stages of the corporate banking process: client engagement, business development management, risk assessment, risk monitoring, onboarding and transaction execution, as well as transaction operation and maintenance.
The partnership seeks to tackle one of the biggest challenges faced by corporate banks: lengthy onboarding processes. Bringing a new corporate client onto a bank’s platform can take several weeks, delaying the institution’s ability to generate revenue through services such as interest, foreign exchange (FX) fees and transaction activity. Feedback from tier-1 institutions including Citi, Bank of America and Wells Fargo indicates that analysts can spend up to 50% of their time manually collecting data to investigate AML alerts, leading to duplication of effort and slower onboarding timelines.
By integrating compliance data directly into FactSet’s workflow environment, the solution aims to eliminate these bottlenecks. The combined platform will allow banks to handle business development activities alongside compliance and risk processes without switching between multiple systems.
The collaboration also introduces what the companies describe as “intentional business development”. FactSet’s workstation already enables RMs to identify potential clients using datasets such as private company intelligence, credit data and ownership insights. By layering ComplyAdvantage’s financial crime risk intelligence onto this data, relationship managers can evaluate regulatory risks earlier in the dealmaking process.
The partnership also offers potential cost efficiencies for banks. By consolidating compliance, identity verification, beneficial ownership data and organisational charts into the FactSet terminal, the integrated platform reduces the need for multiple third-party systems. This approach could lower total cost of ownership (TCO) for financial institutions while improving productivity and operational transparency.
ComplyAdvantage CEO Vatsa Narasimha said, “We want to ensure that compliance is no longer a bottleneck for growth. 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.”
FactSet senior vice president and senior director of banking and sell-side research Kendra Brown said, “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. 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.”
Keep up with all the latest RegTech news here
Copyright © 2026 RegTech Analyst
Copyright © 2018 RegTech Analyst
