Learn how we’re expanding upon our commitment to deliver comprehensive compliance risk and payments solutions
So much of our customers’ business success and brand reputation strength centers around expectations of effortless transactions. In the reality of day-to-day operations, delivering a seamless and secure transaction experience is anything but simple. At LexisNexis® Risk Solutions, we recognize the global regulatory complexities and evolving risk dynamics that complicate critical compliance and payments workflows. Earlier this year we announced that we have joined forces with Accuity to help strengthen your entire financial ecosystem. I’d like to share how our companies are working together to reinforce our shared commitment and delivering innovative compliance risk and payments solutions.
Answering accelerating market challenges with innovation
Your customers anticipate a frictionless and well-secured end-to-end transaction experience every time they interact with your business. Simultaneously, financial criminals are taking advantage of changing market dynamics, the shift to digital-first interactions and geopolitical uncertainty to target businesses. Digital acceleration has helped optimize the customer experience, but also presents opportunities for bad actors to commit money laundering, sanctions evasion and fraud. Under the current environment multiple factors are introducing financial crime risk and customer friction into key compliance and payments workflows—and in turn impeding business operations and revenue generation.
As compliance teams navigate multiple complex issues, it can feel like the target for optimal compliance is continually shifting. These issues can include:
- Managing the volume and scope of overlapping regulations
- Determining which rules are applicable and designing, and constantly refining, subsequent compliance policies
- Collecting and analyzing data to meet expectations for Ultimate Beneficial Ownership requirements
- Dealing with expanded regulatory oversight for non-banks
- Staying ahead of developments related to new financial instruments, such as cryptocurrencies, and handling the subsequent new regulatory rules
- Understanding the impact of geopolitical uncertainties and keeping up with rapid changes to sanctions requirements
- Implementing technology solutions to drive effectiveness and efficiency
By aligning the strengths and resources of our organizations, we are working to enable our clients to quickly adapt and thrive in a changing landscape. The combination of innovative analytics technology and data-driven solutions delivers actionable insights to help control risk, enhance compliance and optimize business processes across the entire transaction lifecycle.
Integrating to improve the integrity of financial ecosystems
By bringing together our extensive data sets, assets and capabilities positions we have created one of the largest global providers of compliance risk and payments solutions. Accuity is a leader in financial crime screening, payments services, and U.S. securities and benefits compliance. LexisNexis Risk Solutions brings industry-recognized expertise to their comprehensive suite of risk solutions with digital and physical identity offerings. Uniting our complementary solutions supports the specific needs of our clients for financial crime compliance screening, global payments services, financial asset verification and fraud prevention. By creating an interconnected financial ecosystem that improves risk visibility and raises decisioning integrity, we can help our clients:
- Drive actionable, well-informed decisions
- Strengthen portfolio monitoring
- Preserve transaction security and protect privacy
- Reduce customer friction
- Improve financial transparency and inclusion
- Capture greater efficiencies and value
We’re excited for what is ahead as we combine the unique advantages of our two distinct data sets and robust solutions to best address customer needs across critical Know Your Customer, anti-money laundering and payments workflows.
Focusing on core business objectives should be the one constant in a dynamic market defined by escalating customer expectations, emerging digital currencies, evolving geopolitical tensions and exploitative financial crime and sanctions evasion schemes. By leveraging the combined strengths of LexisNexis Risk Solutions and Accuity to enable your business to fortify the responsiveness of your entire financial ecosystem so you can preserve a secure customer experience and prioritize your business success.
See our press release to learn more about LexisNexis Risk Solutions and Accuity merging operations and our website for more information on LexisNexis Risk Solutions for Financial Crime Compliance.