ATLANTA — LexisNexis® Risk Solutions has launched an end-to-end customer lifecycle management platform to help businesses effortlessly integrate multiple information sources to make better risk decisions and provide smoother customer journeys.
LexisNexis® RiskNarrative™ leverages automation and decisioning technology to provide a sophisticated, configurable and accessible financial crime lifecycle management solution.
The growth of technology and digital platforms is changing how customers interact with businesses. Customers return to businesses expecting to be instantly recognized across multiple channels while new customers want to be able to onboard quickly and make transactions immediately. However, this digital transition in the global economy is also increasing opportunities for criminals to exploit digital ecosystems and evade detection.
LexisNexis RiskNarrative orchestration platform helps solve costly challenges caused by siloed operations by unifying multiple customer onboarding, compliance and risk-based workflows within a single Application Program Interface (API) and platform environment.
Orchestration platforms deliver a single, real-time view of customer risk for more effective and continuously responsive, end-to-end financial crime management. Organizations can expedite risk decisions through this more holistic view that incorporates Know Your Customer (KYC), Know Your Business (KYB), Anti-Money Laundering (AML) activity, identity documentation, behavioral biometrics and enhanced fraud detection.What Makes LexisNexis RiskNarrative Unique:
“Businesses are balancing providing a smooth customer journey with the constant threat of financial crime and fraud. Digital solutions help them gain the real-time, actionable insight and analysis needed to serve their customers without compromising their business,” said Ryan Morrison, vice president of platform strategy at LexisNexis Risk Solutions. “An orchestration platform helps to create a smooth and efficient exchange between the compliance, fraud and infosec functions. In a world where financial crime risk and regulation are constantly shifting, LexisNexis RiskNarrative delivers a single, unified decision engine to drive high-confidence compliance decisions and the best customer outcomes.”
Learn more about LexisNexis RiskNarrative, now utilized by more than 200 businesses worldwide.
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions includes seven brands that span multiple industries and sectors. We harness the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. 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 LexisNexis Risk Solutions and RELX.