LexisNexis Risk Solutions Ranked as Category Leader in AML Transaction Monitoring Solutions Report by Chartis Research

05/07/2024

ATLANTA — LexisNexis® Risk Solutions has earned a place in the Category Leaders quadrant by Chartis Research in its Market Quadrant for AML Transaction Monitoring Solutions, 2023 report. LexisNexis Risk Solutions ranked Best in Class for data and systems integrations and rated its risk typology modeling and solution and packaging deployment as industry leading.

In its report that evaluated 25 anti-money laundering solution providers, Chartis recognized LexisNexis Risk Solutions for its advanced capabilities of products in model quality and validation, as well as workflow automation.

LexisNexis Risk Solutions allows businesses to manage transaction monitoring throughout the customer journey with AML Transaction monitoring provided through LexisNexis® RiskNarrative™.  The RiskNarrative™ platform leverages automation and decisioning technology to provide a sophisticated, configurable and accessible financial crime lifecycle management solution.

RiskNarrative™ enables organizations to manage critical fraud detection, financial crime prevention and compliance workflows from a single API. It equips teams with a unified view of customer risk, enabling them to make more informed business decisions, reduce compliance costs and outsmart fraudsters.

“Criminal activity and regulatory requirements are continually changing and it can be challenging for institutions to keep pace,” said Matt Michaud, global head of financial crime compliance at LexisNexis Risk Solutions. “Chartis Research acknowledges that our products provide customers with the necessary technology to navigate the complexities of this ever-evolving world. We’re delighted to be recognized for the flexibility of our RiskNarrative platform, which empowers our customers to be agile in combatting financial crime and other challenges."

“LexisNexis Risk Solutions combines flexible data management and workflow capabilities with fine-tuned algorithms to facilitate detection across all varieties of money laundering and terrorist financing,” said Nick Vitchev, research director at Chartis. “Its launched RiskNarrative platform, which is well-suited to a variety of use cases deployed across banking, FinTech and other segments, represents a significant advance in the company’s anti-FinCrime capabilities.”

About LexisNexis Risk Solutions
LexisNexis^® Risk Solutions harnesses the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses across multiple industries 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.