Global Business Network Case Study

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Minimize Financial Crime Compliance Risk with LexisNexis Risk Solutions

Strengthen de-risking efforts

Financing platform requires accurate, current compliance data.

Many small-to-medium enterprises (SMEs) and start-ups struggle to gain access to capital—both in terms of debt and equity financing—which can hamstring their growth. Their lack of credit reputation and operational history makes them a risk that many traditional lenders won’t consider.

One global business organization set out to create a financial trust network of SMEs and start-ups. Being on the network would empower these businesses to build a trusted business profile and gain access to financing.

In addition to matching lenders, borrowers and brokers, the organization wanted to give members on its network the ability to search through the crowd-sourced database to find new business partners and create new business opportunities.

But first, the financing platform needed a way to effectively screen and de-risk businesses before they could be accepted as members.

The business network turned to LexisNexis® Risk Solutions to deliver high-quality credit, operational and compliance data on applicants. The data would serve to build business profiles on members as well as ensure prospective and existing members were not connected to any type of financial crime risk. In this way, the organization could build a financial trust system that reduced risk for any lenders and other entities doing business with members on its network.

Learn more in our case study, “LexisNexis Risk Solutions partners with a global business network to effective screen businesses within a trusted ecosystem.”

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