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UK financial services organisations are collectively spending £32.4bn each year on financial crime compliance (FCC), according to a report from LexisNexis Risk Solutions.
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 Risk Solutions will help Darlington Building Society onboard customers and bolster financial crime prevention and compliance screening.
Small and midsize business (SMB) lending fraud has increased by 6.9% in the US since 2020, according to a new report from LexisNexis Risk Solutions.
LexisNexis Risk Solutions has acquired TruNarrative, a provider of cloud-based financial crime detection and prevention technology.
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.
Data and analytics platform LexisNexis Risk Solutions has formed a partnership with Nuggets to support the implementation of self-sovereign digital identity (SSI) solution.
LexisNexis® Risk Solutions has added behavioural biometrics to is selection of fraud and identity solutions.
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