Tagged: lexisnexis

Failed Payments a Costly But Avoidable Mistake

Failed payments cost the global economy $118.5 billion in fees, labor, and lost business in 2020, a study from Accuity shows. That breaks down to $41.1 billion in EMEA, $33.7 billion in the Americas and $43.7 billion in Asia-Pacific (APAC). The average bank spent $360,000 on failed payments while the average corporate firm… Read More

True Cost of Financial Crime Compliance Global Report Reveals that Costs Reached $213.9 Billion in 2021

LexisNexis Risk Solutions, a global data and analytics firm, has published its annual True Cost of Financial Crime Compliance Global Report. The results shared in the new report have been prepared after conducting an extensive survey of 1,015 financial crime compliance decision-makers at established financial… Read More

Accuity and LexisNexis Risk Solutions to Merge Operations, Will Provide Global Financial Crime Compliance Solutions

Accuity and LexisNexis Risk Solutions have confirmed that they’re planning to merge their business operations. Accuity will reportedly become a part of the LexisNexis Risk Solutions Group which currently operates in over 100 different countries. Both companies are a part of RELX, a multinational provider… Read More

UK Fintech Nuggets Partners LexisNexis Risk Solutions to Support Implementation of Digital Identity Solutions

LexisNexis Risk Solutions and UK-based Fintech firm Nuggets will be working together to support the implementation of self-sovereign digital identity (SSI) solutions. According to a release shared with CI, SSI solutions are one of several emerging technology-led innovations that are beginning to transform how businesses… Read More

Cost of Fraud for Financial Services and Lending Firms Increased Significantly in the US and Canada: Report

LexisNexis Risk Solutions has published its latest research report, titled Risk Solutions 2020: True Cost of Fraud Study: Financial Services & Lending (for the US and Canadian financial services and lending sectors). The research report covers the different types of fraudulent activities in the lending… Read More

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