Tag: LexisNexis

Financial crime compliance costs skyrocket to $206.1bn globally

RegTech firm LexisNexis Risk Solutions has unveiled its annual True Cost of Financial Crime Compliance Report.

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 LexisNexis® Risk Solutions claimed.

Download the free AIFinTech100 report


Download the AIFinTech100 report for 2023 with details on each solution

120,000+ FinTech leaders get exclusive industry stories delivered every week