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UK firms spending £22k each hour on fighting fraud
UK financial services organisations are collectively spending £32.4bn each year on financial crime compliance (FCC), according to a report from LexisNexis Risk Solutions.
Financial services fear fraud rise with cost-of-living crisis
Nearly half (43%) of financial services expect the cost-of-living crisis to increase the risk of financial crime and fraud over the next 12 months.
LexisNexis helps Darlington Building Society prevent financial crime
LexisNexis Risk Solutions will help Darlington Building Society onboard customers and bolster financial crime prevention and compliance screening.
Cost of fraud for US, Canadian banks increases up to 10%
The cost of fraud in the US has increased by between 6.7% and 9.9% compared with before the pandemic, LexisNexis Risk Solutions report claims.
Mitsubishi drivers to get better insurance through LexisNexis deal
LexisNexis Risk Solutions has extended its agreement with Mitsubishi Motors North America, which will help drivers access better insurance premiums.
LexisNexis acquires TruNarrative to bolster anti-financial crime efforts
LexisNexis Risk Solutions has acquired TruNarrative, a provider of cloud-based financial crime detection and prevention technology.
Nearly half of financial institutions to spend SCA extension time on...
UK banks welcome the six-month extension to implement strong customer authentication (SCA) for e-commerce transactions, with 42% planning to use the time to improve and enhance their roll out plans.
Majority of UK compliance experts expect more AML regulation due to...
A study by LexisNexis Risk Solutions has found 78% of compliance professionals in the UK see increased anti-money laundering (AML) legislation on the horizon due to Brexit.
E-commerce fraud drops by 36% in 12 months
E-commerce fraud attacks have dropped by 36% over the past 12 months, as usage of 3-D Secure (3DS) transactions surge, research from LexisNexisÂ® Risk Solutions claimed.
LexisNexis unveils new tool to fight email fraud
The news are coming strong and fast now for LexisNexis. Yesterday we reported that the company had inked a new deal with Nuggets and now it has unveiled a new email fraud prevention tool.
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