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LexisNexis Risk Solutions Achieves Category Leader Recognition in Chartis KYC Solutions and Data Solutions 2024 Report

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LexisNexis Risk Solutions has achieved Category Leader status in both Know Your Customer (KYC) Solutions and KYC Data Solutions quadrants in the Chartis Research 2024 report, advancing from its previous Best of Breed position. The company earned a unique five-star rating for its digital ID capabilities, distinguishing itself as the only vendor to receive this recognition. This achievement reflects the company's focus on customer-centric solutions and its continued expansion through enhanced market intelligence, trade data integrations, and strategic partnerships with corporate data providers.

LexisNexis Risk Solutions ha ottenuto lo status di Leader di Categoria sia nel quadrante delle Soluzioni Know Your Customer (KYC) che in quello delle Soluzioni di Dati KYC nel rapporto di Chartis Research 2024, avanzando dalla sua precedente posizione di Eccellenza. L'azienda ha ricevuto un'unica valutazione a cinque stelle per le sue capacità di ID digitale, distinguendosi come l'unico fornitore a ricevere questo riconoscimento. Questo risultato riflette l'attenzione dell'azienda verso soluzioni centrati sul cliente e la sua continua espansione attraverso intelligenza di mercato potenziata, integrazioni di dati commerciali e partnership strategiche con fornitori di dati aziendali.

LexisNexis Risk Solutions ha alcanzado el estatus de Líder de Categoría en los cuadrantes de Soluciones de Conocimiento del Cliente (KYC) y Soluciones de Datos KYC en el informe de Chartis Research 2024, avanzando desde su anterior posición de Mejor de Su Clase. La empresa obtuvo una única calificación de cinco estrellas por sus capacidades de identificación digital, distinguiéndose como el único proveedor en recibir este reconocimiento. Este logro refleja el enfoque de la empresa en soluciones centradas en el cliente y su continua expansión a través de una inteligencia de mercado mejorada, integraciones de datos comerciales y asociaciones estratégicas con proveedores de datos corporativos.

LexisNexis Risk Solutions는 Chartis Research 2024 보고서에서 고객 실사(KYC) 솔루션KYC 데이터 솔루션 분야에서 카테고리 리더 지위를 달성하였으며, 이전의 최우수 품질 위치에서 발전하였습니다. 이 회사는 디지털 ID 기능으로 독특한 5성급 평가를 받아, 이 인정을 받은 유일한 공급업체로 자리매김했습니다. 이 성과는 고객 중심 솔루션에 대한 회사의 집중과 시장 정보를 향상시키고, 무역 데이터 통합 및 기업 데이터 제공업체와의 전략적 파트너십을 통해 지속적인 성장을 반영합니다.

LexisNexis Risk Solutions a atteint le statut de Leader de Catégorie à la fois dans les quadrants des Solutions de Connaissance du Client (KYC) et des Solutions de Données KYC dans le rapport Chartis Research 2024, passant de sa précédente position de Meilleur de sa Catégorie. L'entreprise a obtenu une évaluation unique de cinq étoiles pour ses capacités d'identification numérique, se distinguant comme le seul fournisseur à recevoir cette reconnaissance. Cette réussite reflète l'orientation de l'entreprise vers des solutions axées sur le client et son expansion continue à travers une intelligence de marché améliorée, des intégrations de données commerciales et des partenariats stratégiques avec des fournisseurs de données d'entreprise.

LexisNexis Risk Solutions hat den Status Kategorieführer sowohl im Quadranten für Know Your Customer (KYC)-Lösungen als auch im Quadranten für KYC-Datenlösungen im Bericht von Chartis Research 2024 erreicht, und sich von seiner vorherigen Best-in-Class-Position verbessert. Das Unternehmen erhielt eine einzigartige Bewertung von fünf Sternen für seine digitalen ID-Fähigkeiten und hebt sich damit als der einzige Anbieter hervor, der diese Anerkennung erhielt. Diese Leistung spiegelt den Fokus des Unternehmens auf kundenorientierte Lösungen und seine fortlaufende Expansion durch verbesserte Marktinformationen, Handelsdatenintegrationen und strategische Partnerschaften mit Unternehmensdatenanbietern wider.

Positive
  • Upgraded to Category Leader status from previous Best of Breed position in KYC Solutions
  • Achieved unique five-star rating for digital ID capabilities
  • Maintained Category Leader position in KYC Data Solutions
  • Expanded product capabilities through new partnerships and integrations
Negative
  • None.

Insights

The recognition as a Category Leader in both KYC Solutions and KYC Data Solutions quadrants represents a notable competitive advancement for RELX's LexisNexis Risk Solutions division. The upgrade from Best of Breed to Category Leader status, coupled with the unique five-star rating in digital ID capabilities, strengthens the company's market position in the growing $1.4 billion KYC solutions market.

This achievement is particularly significant as financial institutions face increasing regulatory pressures and compliance costs. LexisNexis Risk Solutions' enhanced market intelligence and trade data integrations position it favorably to capture a larger share of financial institutions' compliance spending, which typically represents 3-5% of their operating costs.

The strategic partnerships with corporate data providers demonstrate a scalable growth strategy that could drive recurring revenue streams in the compliance technology sector.

ATLANTA, Oct. 31, 2024 /PRNewswire/ -- LexisNexis® Risk Solutions has been recognized as a Category Leader in both the Know Your Customer (KYC) Solutions and KYC Data Solutions quadrants by Chartis Research in its latest 2024 report. This acknowledgment highlights the company's commitment to providing superior know your customer solutions that prioritize customer needs and drive innovation in the financial crime compliance sector.

Chartis KYC Data and Solutions 2024 report underscores a significant shift in LexisNexis Risk Solutions' market standing. Last year, the firm was noted as Best of Breed in KYC Solutions; this year, it is a Category Leader. Additionally, LexisNexis Risk Solutions maintains its position in the KYC Data Solutions category, outshining competitors with its exceptional digital ID capabilities – earning five stars, the only vendor to do so in this report.

James Gothard, vice president of screening products at LexisNexis Risk Solutions, remarked, "Our recognition by Chartis as a Category Leader across these key areas is a testament to our relentless focus on delivering customer-centric solutions. We strive to equip our clients with cutting-edge tools that not only meet regulatory requirements but also enhance operational efficiency and reinforce trust."

Ahmad Kataf, Senior Research Specialist at Chartis, said, "LexisNexis Risk Solutions' category leader position in our KYC Data quadrant reflects several factors. The company has continued to build on its leading position in KYC Data, enhanced its market intelligence and integrations with trade data, and developed partnerships with corporate data providers that have helped to drive the continued expansion of its products."

The Chartis KYC report serves as an industry benchmark, evaluating vendors on their technological advancements and strategic direction in the KYC landscape.

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.

Media Contacts:
Mike Normansell
(+44) 07377152610
mike.normansell@lexisnexisrisk.com

 

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SOURCE LexisNexis Risk Solutions

FAQ

What recognition did LexisNexis Risk Solutions receive in the Chartis KYC Solutions 2024 report?

LexisNexis Risk Solutions was recognized as a Category Leader in both KYC Solutions and KYC Data Solutions quadrants in the Chartis Research 2024 report.

How did LexisNexis Risk Solutions' position change from the previous year's Chartis report?

LexisNexis Risk Solutions advanced from Best of Breed in KYC Solutions to Category Leader status in 2024.

What unique rating did LexisNexis Risk Solutions receive for its digital ID capabilities?

LexisNexis Risk Solutions was the only vendor to receive a five-star rating for its digital ID capabilities in the 2024 Chartis report.

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