Financial Crime World

Title: LexisNexis Risk Solutions Bolsters Financial Crime Compliance with Intelligent Solutions

Protecting Organizations from Evolving Regulations and Financial Crimes

Amidst a surge in financial crimes worldwide, organizations are increasingly acknowledging the need for robust compliance programs to safeguard their reputation and assets. In response, LexisNexis Risk Solutions, a leading provider of data and analytics, has recently announced the enhancement of its Financial Crime Compliance and Risk Management (FCRM) solutions.

A Comprehensive Suite of Tools Against Financial Crimes

With financial regulators tightening the noose on money laundering, fraud, corruption, and other financial crimes, the demand for reliable and adaptable compliance programs has never been greater. LexisNexis Risk Solutions has upgraded its FCRM solutions to offer businesses a more comprehensive and intelligent approach.

Capabilities to Prevent Financial Crimes

The upgraded FCRM suite from LexisNexis Risk Solutions caters to different aspects of financial crime prevention:

  1. Customer and Transaction Screening: A vast database of global sanctions, watchlists, and adverse media records provides real-time and accurate information for informed decision-making.
  2. Ongoing Monitoring: Machine learning and AI technology help identify potential risks and trends through vast data sources.
  3. Reporting: Seamless reporting capabilities ensure regulatory compliance and transparency.

Staying Ahead of Evolving Regulations and Financial Crime Threats

“Financial crimes are constantly evolving, and businesses need to stay vigilant to protect themselves and their customers,” said John Whelan, CEO of LexisNexis Risk Solutions. “Our FCRM solutions are designed to equip organizations with the intelligence and tools they need to effectively manage risk and stay compliant with evolving regulations.”

Advanced Data Intelligence and Automated Workflows

The FCRM suite offered by LexisNexis Risk Solutions now incorporates advanced analytics, machine learning, and AI technology:

  1. Advanced Data Intelligence: Enables businesses to identify potential risks and trends through vast data sources.
  2. Automated Workflows: Streamlines processes, improves accuracy, and reduces risk.

Integration and Operational Efficiency

The upgraded FCRM suite is built to integrate seamlessly with existing systems, allowing for smooth implementation and minimal disruption to existing workflows. Through its innovative approach to data and technology, LexisNexis Risk Solutions enables organizations to effectively manage risk and enhance operational efficiency.

About LexisNexis Risk Solutions

LexisNexis Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses assess and manage risk. With over 40 years of expertise, the company delivers data and technology solutions for a wide range of industries, including financial services, healthcare, government, and insurance. For more information, visit www.risk.lexisnexis.com.