05/17/2024
ATLANTA — LexisNexis® Risk Solutions has received an individual solutions award for sanctions screening in the inaugural Chartis Financial Crime and Compliance 50, 2024 (FCC50, 2024). Chartis Research also ranked LexisNexis Risk Solutions as fourth overall in its report.
Chartis’ FCC50 ranking and report mark the first time it has ranked and recognized vendors in the FinCrime and compliance space, a market it believes will exceed $26 billion by the end of 2025. Chartis’ detailed analysis for FCC50 examines organizations’ technological advances and strategic direction to offer a complete view of how market leaders are driving transformation in this sector. The portfolio of financial crime compliance solutions assessed by Chartis included:
"Organizations are challenged with staying updated on sanctions activity. Failure to comply not only results in fines, penalties and legal action but also triggers a cascade of issues, including a loss of business opportunities and damage to relationships with customers, suppliers and partners,” said Matt Michaud, global head of financial crime compliance at LexisNexis Risk Solutions. “This award from Chartis for our sanctions screening products, coupled with our overall placement among the top vendors in the FCC50, underscores our commitment to delivering innovative screening products that enhance risk management and compliance processes for our customers."
“The ranking of fourth LexisNexis Risk Solutions achieved in Chartis’ inaugural Financial Crime and Compliance 50 reflects not only its position in this space, but also innovation that has enabled it to grow in a competitive market,” said Nick Vitchev, Research Director at Chartis. “Its highly scalable and customizable solutions can address a broad range of use cases, and the company has particular strengths in sanctions screening, for which it won an FCC50 award. In orchestration, its RiskNarrative platform has been a game-changer, combining a broad set of data and solutions in a customer-centric ecosystem.”
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.
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