• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

OSINT.org

Intelligence Matters

  • Sponsored Post
    • Make a Contribution
  • Market Intelligence
    • Technologies
    • Startups
    • Events
  • Domain Intelligence
  • About
  • Contact

LexisNexis Risk Solutions Unveils a Game-Changing Financial Crime Compliance Solution That Uses Digital Transaction Information to Create New Sanctions Risk Assessment Efficiencies LexisNexis Risk Solutions (PRNewsfoto/LexisNexis Risk Solutions)

June 21, 2021 By admin Leave a Comment

LexisNexis Financial Crime Digital Intelligence Harnesses the Power of Contributed Digital Transaction Intelligence for More Effective Compliance Workflows

ATLANTA – LexisNexis® Risk Solutions has revealed the newest application of its digital identity intelligence capabilities. LexisNexis® Financial Crime Digital Intelligence is a new solution that leverages digital identity data to transform financial crime compliance workflows.

Assessing sanctions risk associated with transactions is a foundational requirement of all organizations. Transactions have been rapidly migrating to digital channels in recent years and COVID-19 has accelerated this timeline. The faceless nature of digital transactions introduces new opportunity for criminals to evade detection. Digital transactions represent a growing sanctions risk to many organizations as a result and regulators are taking notice. Several recent enforcements by the United States’ Office of Foreign Assets Control (OFAC) have involved companies that facilitated transactions originated by persons in sanctioned countries. This occurred even though the companies’ sites were collecting signals such as IP address and geo-location intelligence that should have identified the risk.

Financial Crime Digital Intelligence combines the power of LexisNexis® ThreatMetrix®, the LexisNexis® Dynamic Decision Platform and LexisNexis® WorldCompliance™ data. The solution offers financial crime compliance teams the ability to keep pace with and mitigate escalating sanctions risks associated with accelerated digital transaction adoption.

LexisNexis® Financial Crime Digital Intelligence provides a dedicated and customized workspace including purpose-built financial crime compliance capabilities such as access to additional sanctions risk features, storage capacity and user role configuration.

Chuck Subrt, senior fraud and AML analyst at global research and advisory firm Aite Group, said, “Data and effectively harnessing it have long been held as the keys to combatting money laundering, terrorist financing and other illicit activity. As the business landscape evolves, financial crime threats are expanding at warp speed. More than ever, successfully disrupting those threats demands smarter defenses through increased integration of digital identity and location intelligence.”

Additional Sanctions Features
Two key features of the Financial Crime Digital Intelligence solution are Sanctions Location Risk and Sanctions List Match. Sanctions Location Risk uses the power of up to 10 different location signals to detect the location-based sanctions risk associated with a digital identity in real time, then delivers an assessment of that risk to users. Sanctions List Match allows customers to automate a call from the Dynamic Decision Platform to WorldCompliance data and receive an immediate “yes/no” response when there is a match to a sanctions list. This allows compliance teams to make the decision to either terminate the transaction or refer it for manual review in accordance with their specific risk appetite and tolerance.

“Many organizations struggle to mitigate financial crime risk using legacy methodologies when virtually everything about the way consumers transact with them today has changed. These legacy workflows have not kept pace with the sweeping evolution in technology,” said Grayson Clarke, senior vice president of market planning at LexisNexis Risk Solutions.

Clarke continued, “Financial Crime Digital Intelligence is igniting real change, bringing the revolutionary power of digital identity for financial crime risk assessment to life – first for sanctions risk and soon for additional financial crime use cases. Organizations can now mitigate risk within their digital channels and bring their processes into alignment with the digital era.”

LexisNexis Risk Solutions will launch additional financial crime compliance integration capabilities accessible via Financial Crime Digital Intelligence to address other use cases.

About LexisNexis Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit www.risk.lexisnexis.com and www.relx.com.

SOURCE LexisNexis Risk Solutions
http://www.lexisnexis.com

Filed Under: Workflow

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Market Analysis

Revenue from NFTs could exceed $130 billion by 2030
Britain has built the world’s most advanced genome-sequencing infrastructure
Immersive Virtual
Demand for refurbished containers is insatiable
Blue hydrogen becoming increasingly cost competitive
Autonomous manufacturing: solving a $200 billion problem
Extended Reality (XR) Technologies

Opinion

U.S. citizens, permanent residents and companies are barred from buying Russian stocks and bonds
IRGC Quds Force commander from Unit 840 has “fell from his roof”
Stop financing Russian economy by buying their oil and gas
Boycott the Beijing Winter Olympics
A list of political figures killed or attempted to be killed by the Kremlin
Russia’s apotheosis
Unfavorable Opinions About China Have Reached Historic Highs

Secondary Sidebar

Market Research Media

NFTmediamarketplace.com (NFT Media Marketplace): Who’s making the most money on the NFT boom?
SocialDivides.com: England’s North-South Social Divides are Deepening
MetaversePolling.com (Metaverse Polling): What Do Consumers Think of the Metaverse?
APIcoding.com (API coding): Ten API-based project ideas
ResilientSupplies.com: Resilient Supplies, the Name of the Game for the Global Supply Chain

Dossier

Intalio Acquires Nyxeia
Clean Shipping: Berge Bulk and Kongsberg Maritime join forces to advance marine decarbonisation
Autodesk Confirms Proposal to Acquire Electronic Design Software Leader Altium Limited
Accenture Acquires LEXTA to Expand Capabilities in IT Benchmarking, Sourcing and Advisory
Mobile monetization firm IronSource will go public through SPAC at $11.1 billion valuation | VentureBeat

Footer

Recent Posts

  • Turkey begins an investigation into the origin of grain aboard a Russian ship
  • Poland has been the second largest donor of military equipment to Ukraine
  • Unidentified operatives have been using the fitness tracking app Strava to spy on members of the Israeli military
  • Geogentia Combats Organized Retail Crime
  • Where Russia’s Stolen Grain Is Going
  • Ayoob Entezari story is getting interesting
  • Karma is the bitch
  • Esri Integrates LightBox Data to Expand Geocoding for Canadian Content
  • Corporate spying has become more of a general business risk
  • Intelligence analysis is hobbled by a political culture

Analysis

Cognizant to Acquire Servian, a Leading Australian Data and Analytics Consulting Firm
Shipping industry executives call for restraint in investment
MIT Sloan professor designs model to limit price manipulation
Tech firms account for less than 2% of the FTSE 100’s value, but 39% of the S&P 500’s in New York
Fla.’s Housing Market: New Listings, Median Prices Rise in May

VPNW

THE NEW AGE OF TECH TALENT: EXPERIS RELEASES NEW REPORT SHOWING ‘SOFT SKILLS ARE THE NEW POWER SKILLS’
Cloudflare suffered an outage that affected global Internet traffic
Learn how you can build privacy-enhancing technologies
Survey: More Than Half of UK Consumers Would Switch Banks if Theirs Was Involved in a Money Laundering Scandal
AI-based transcription tools have made one particularly tiresome aspect of journalism far easier

OPINT

GA-ATS ORDERS DO-228 FLIGHT SIMULATOR
Domains of the Day: AfricanInvesting.com
Adtech platform Smart acquires the integrated video advertising marketplace Dynadmic
Featured domains of the day: CryptoExchng.com
Joystick raises $8M to turn gamers into owners and content creators

Calendarial

Market Research Briefing, June 22, 2022
World Oceans Day 2022, Wednesday, 8 June
D23 Expo 2022, September 9-11 2022, Anaheim Convention Center
2022 3D Insiders’ Summit, April 7, 2022, Eurostars Grand Central Hotel, Munich, Germany
Apple Myeongdong Opens Saturday, April 9, in South Korea

Copyright © 2022 OSINT.org

Technologies, Market Analysis & Market Research

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT