Business Risk Assessment

Verifying a business and authorized representative(s) at inception or when onboarding a new program is the first step to effective business risk management. LexisNexis® Risk Solutions helps government agencies quickly build a complete picture to confirm the business is legitimate and its authorized agents are real — while flagging information to potentially investigate. 

Our industry-leading repositories of people and business data — synthesized using powerful linking capabilities — adds new dimensions of insight. Compare self-reported data against verified data. Uncover new supplemental information. Quickly assess risk. 

What makes our solutions unique? 

• Our combination of physical and digital identity intelligence yields a more comprehensive 360° risk assessment of the person registering or representing the businesses.
• Proprietary linking technology, LexID®, resolves mountains of disparate data down to a single individual or entity with a 99.9% precision rate. It also generates verification indices on the business, the person, and the links between the two. 

Due diligence & Investigations can be a complex, winding path to discern truth. Critical information may be hard to come by:

• It can take 5 years to establish a credit file; even then it may be a thin file
• People may deliberately hide details about the business or their relationships

Business data and people data are often delivered in separate streams and cumbersome to piece together — assuming you can obtain the “people data” to begin with 
Whether you’re conducting a criminal investigation, performing due diligence on business beneficiaries or assessing supplier risk, you need a better view of the many layers and officers or players involved. Count on LexisNexis®️ Risk Solutions to help close the information gaps and extend the limits of your government agency’s systems. 

Enrich your data with additional attributes that expose a business’ full risk profile. Get indicators of business and financial risk: bankruptcies, liens & judgments, lawsuits, court filings and more. Spotlight hidden connections and understand compliance and reputational risks related to politically exposed persons (PEPs), sanctioned entities, potential bad actors and illicit activities.

LexisNexis helps you go not just deeper, but broader in your investigations with international and enhanced due diligence. Our capabilities span over 55 risk categories, drawing on global data sources to streamline investigations and manage myriad business risks on both a domestic and international scale.

Key highlights:

• Using our advanced analytics and industry-leading data repositories, we aggregate data from the most important sanctions lists and over 1,500 enforcement lists to create one global repository for fast, comprehensive watchlist screening. 
• Our international researchers and retrieval experts uniquely position us to accumulate on-the-ground insight in strategic locations and monitor 35,000 adverse media sources. 
• In addition to surfacing negative news, our research analysts can help you source the right filings from the right jurisdictions and ensure you’re getting the content you need to effectively assess risk and make confident decisions.

Business risk isn’t static. The risk landscape constantly changes, widening the scope of concerns that need to be evaluated and addressed. Meanwhile, policy changes or other major factors may impact the regulatory environment.

It’s critical to monitor and re-vet businesses throughout their relationship with your agency. But trying to keep up with ever-evolving business dynamics across all the entities under your agency’s purview is too much to do manually.  It requires automation that draws on robust, updated data sets to not only help reassess risk at consistent intervals — but also alert you to the records that need fresh eyes and potential deeper investigation.

LexisNexis continually ingests new data points across our 10,000+ business and people data sources, using our proprietary LexID linking technology to resolve, match and manage it all. Additionally, our monitoring solutions help keep you apprised of relevant changes to businesses associated with your program—bankruptcies, liens & judgments, new sanction list appearances and more.