LexisNexis Risk Solutions Ranked as Category Leader in Transaction Screening and Adverse Media Quadrants by Chartis Research

Rhea-AI Summary

LexisNexis Risk Solutions has been recognized as a Category Leader in both Transaction Screening and Adverse Media quadrants by Chartis Research in its 2024 report. The evaluation included 36 transaction screening solutions providers and 30 adverse media monitoring solutions providers. LexisNexis Risk Solutions’ Firco™ Continuity, a real-time transaction screening tool, ensures regulatory compliance and was highlighted for its comprehensive capabilities. The WorldCompliance™ Data product, which aggregates information from over 30,000 sources, was also acknowledged for its efficacy in profiling entities involved in illicit activities. These recognitions highlight the company's commitment to delivering critical data and insights to mitigate regulatory and reputational risks for its clients.

Positive

• LexisNexis Risk Solutions recognized as a Category Leader in Transaction Screening.
• Earned Category Leader status in Adverse Media quadrants by Chartis Research.
• Firco Continuity ensures sanctions compliance and comprehensive transaction screening.
• WorldCompliance Data aggregates information from over 30,000 news sources.
• Products help organizations minimize regulatory risk and avoid reputational damage.

Negative

• Recognition is from a market report, not a direct financial indicator.
• No specific financial data or performance metrics provided.
• Potential for increased regulatory scrutiny on the solutions offered.

ATLANTA, May 14, 2024 /PRNewswire/ -- LexisNexis® Risk Solutions earned recognition as a Category Leader in both the Transaction Screening and Adverse Media quadrants of the Watchlist and Adverse Media Monitoring Solutions, 2024: Market Update and Vendor Landscape report from Chartis Research.

Chartis evaluated 36 transaction screening solutions providers in its report. It acknowledged LexisNexis Risk Solutions as a Category Leader for its suite of products, which includes Firco™ Continuity.

Firco Continuity, a scalable real-time transaction screening solution, ensures sanctions compliance for businesses to help prepare for regulatory scrutiny. It equips organizations with an end-to-end solution, from data preparation to transaction screening auditing, encompassing filtering and alert remediation.

After assessing 30 organizations providing adverse media monitoring solutions, Chartis named LexisNexis Risk Solutions as a Category Leader. LexisNexis® WorldCompliance™ Data collates information gathered from more than 30,000 news sources, constructing profiles on individuals and companies associated with various illicit activities, including financial crime, terrorism and human trafficking.

"We are proud to have received two category leader rankings in the latest report from Chartis Research, which recognizes our dedication to providing critical data and insights to our customers," said Matt Michaud, global head of financial crime compliance at LexisNexis Risk Solutions. "Organizations can confidently pursue their growth plans when they know they've taken every step to minimize regulatory risk and avoid reputational damage. By screening their transactions and accessing easily digestible profiles containing thousands of negative news stories, we take pride in assisting our customers in navigating unforeseen and challenging circumstances."

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 Contact:
Ade O'Connor
+44 78 9091 8264
Ade.O'Connor@lexisnexisrisk.com

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SOURCE LexisNexis Risk Solutions

FAQ

What recognition did LexisNexis Risk Solutions receive in May 2024?

LexisNexis Risk Solutions was recognized as a Category Leader in both Transaction Screening and Adverse Media quadrants by Chartis Research.

What is Firco Continuity?

Firco Continuity is a real-time transaction screening solution by LexisNexis Risk Solutions that ensures sanctions compliance and regulatory readiness.

What does LexisNexis WorldCompliance Data do?

WorldCompliance Data aggregates information from over 30,000 news sources to profile individuals and companies involved in illicit activities.

How many transaction screening solutions providers were evaluated in the 2024 Chartis Research report?

Chartis Research evaluated 36 transaction screening solutions providers in its 2024 report.

What types of illicit activities does WorldCompliance Data profile?

WorldCompliance Data profiles entities involved in various illicit activities, including financial crime, terrorism, and human trafficking.