Tagged: lexisnexis risk solutions

SMB Lending Fraud on the Rise, LexisNexis Risk Solutions Report Claims

LexisNexis Risk Solutions released its latest Small and Midsize Business (SMB) Lending Fraud Study. Based on a survey of lenders, SMB lending fraud “has increased significantly during the past 12 months, with many smaller banks, credit unions and fintechs expecting fraud levels to worsen over… Read More

Financial Fraud Execs Adopting Behavioral Biometrics Aim to Counter Scam Attacks: Report

LexisNexis Risk Solutions recently published a white paper produced by Aite-Novarica exploring the challenges in addressing sophisticated fraud threats “following increased digital adoption and consumers’ high expectations for online transactions.” The white paper, Multifaceted Fraud Attacks: Behavioral Biometrics as a Defensive Tool, explains “that most… Read More

LexisNexis Risk Solutions Report: Financial Inclusion Is Accelerating Adoption of Alternative Data

LexisNexis Risk Solutions unveiled the findings of its Alternative Credit Data Impact Report, a nationwide survey “assessing the adoption, utilization and impact of alternative credit data for credit portfolio growth and management in consumer and small/mid-sized business (SMB) lending.” The report surveyed those who identify… Read More

LexisNexis Risk Solutions State of Fraud, Identity Report Reveals Surge in Fraudulent Activities

LexisNexis Risk Solutions released the results of its first Global State of Fraud and Identity Report, exploring research and insights from industry experts “on recent statistics and trends from [their] industry-recognized studies on the Global True Cost of Fraud and transaction data from over 39B transactions… Read More

Assetz Capital to Leverage RiskNarrative Platform to Address Financial Crime Management

Assetz Capital is pleased to enter a partnership with LexisNexis Risk Solutions in order to adopt the LexisNexis® RiskNarrativeTM platform across its business. The platform uses automation, AI and machine learning to offer an enhanced, configurable and accessible financial crime lifecycle management service. This should… Read More

Recognise Bank Implements RiskNarrative Platform to Streamline Client Onboarding

Recognise Bank, the Fintech powered business lender and savings provider, has teamed up with TruNarrative, a LexisNexis® Risk Solutions company, in order “to completely transform the onboarding process for its SME business lending customers.” The Bank, which received its full authorization in September 2021, is… Read More

LexisNexis Risk Solutions Acquires Biometric Innovator BehavioSec

LexisNexis Risk Solutions, part of RELX, has announced the acquisition of BehavioSec, “an advanced behavioral biometrics technology provider.” Founded in Sweden in 2008 with a presence in the U.S., Canada and EMEA, BehavioSec provides “a highly predictive behavioral biometrics solution that uses behavior analysis for… 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

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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