LexisNexis

LexisNexis Financial Crime Compliance

7.1 /10

What is LexisNexis Financial Crime Compliance?

By combining advanced analytics and unmatched global identity intelligence with innovative technologies like machine learning, artificial intelligence (AI) and technology automation, we deliver precise risk perspective that enables your business to efficiently recognize relevant risk and complete critical financial crime compliance processes.

Company Details

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LexisNexis Financial Crime Compliance Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on LexisNexis Financial Crime Compliance.

82 Likeliness to Recommend

93 Plan to Renew

74 Satisfaction of Cost Relative to Value

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Emotional Footprint Overview

+82 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love LexisNexis Financial Crime Compliance?

6% Negative

4% Neutral

90% Positive

Pros

Respectful
Security Protects
Reliable
Performance Enhancing

Feature Ratings

Average 82

Risk Assessment

Watchlist Alerts

Adverse Media

International Data Sources

International Verification

Identity Verification

Enforcement and Sanction Watch Lists

Multiple Language Support

Name Matching Technology

PEP Screening

Minimum Number of Records

Vendor Capability Ratings

Average 78

Ease of Implementation

Ease of Data Integration

Vendor Support

Availability and Quality of Training

Quality of Features

Breadth of Features

Usability and Intuitiveness

Product Strategy and Rate of Improvement

Ease of Customization

Ease of IT Administration

Business Value Created

LexisNexis Financial Crime Compliance Reviews

RASHAB K.

Role: Operations
Industry: Finance
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Apr 2022

A must for compliance needs

Likeliness to Recommend

10 /10

What differentiates LexisNexis Financial Crime Compliance from other similar products?

Lexis Nexis Financial crime compliance has got to be the most updated, reliable and credible results based software for due diligence professionals. The power search option helps you to conveniently find the data with fewer search strings and then you can filter out results at the later stage.

What is your favorite aspect of this product?

It is absolutely packed with multiple sources and allows you to compliance capabilities and allows you to access data from sanction watch lists, international credible data sources, Politically Exposed Person data and has Multiple language support.

What do you dislike most about this product?

The results can be overwhelming at times and to scrim through thousands of results to weed out false positives is a hassle at times. For a beginner it can take sometimes to truly understand the working of Lexis Nexis Financial Crime Compliance and can be very confusing at the beginning.

What recommendations would you give to someone considering this product?

The obvious recommendation for the Lexis Nexis would be to always use in every research and understand how it can help your business more. It's very costly so use it very wisely but its definitely worth it.

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

James B.

Role: Sales Marketing
Industry: Banking
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Mar 2022

A Must For Those in the Financial Services Industr

Likeliness to Recommend

10 /10

What differentiates LexisNexis Financial Crime Compliance from other similar products?

I think any company looking to monitor its financial best interests needs this product, because it makes the search for any potential bad actors infiltrating your company much easier than any of their competitors.

What is your favorite aspect of this product?

I think the plug and play integration with the software at my company make me like it a lot more. A lot of software simply doesn't mesh well with the sometimes archaic systems my bank used, but this did enhance my experience

What do you dislike most about this product?

Probably the slow loading time, but it was likely to be a computer issue on our end, as our PCs were quite old

What recommendations would you give to someone considering this product?

I would recommend you analyze whether or not you think your company needs something this comprehensive before jumping in headfirst into purchasing it.

Pros

Effective Service
Acts with Integrity
Helps Innovate
Reliable

Cons

Vendor's Interest First
Under Delivered

Role: Finance
Industry: Banking
Involvement: Business Leader or Manager

Validated Review

Anonymous Reviewer

Submitted Jan 2020

LOVE THE PRODUCT!!

Likeliness to Recommend

8 /10

Pros

Enables Productivity
Client Friendly Policies
Includes Product Enhancements
Helps Innovate

LexisNexis Financial Crime Compliance

What is LexisNexis Financial Crime Compliance?

Company Details

Need Assistance?

LexisNexis Financial Crime Compliance Ratings

82 Likeliness to Recommend

93 Plan to Renew

74 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+82 Net Emotional Footprint

How much do users love LexisNexis Financial Crime Compliance?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Risk Assessment 'The system provides an assessment of the risks associated with the individual.

Watchlist Alerts The solution allows the user to select profiles for watchlists and alerts the user when the profile has changed.

Adverse Media Searches and compiles information from adverse media to identify politically exposed persons (PEPs) and other high-risk individuals.

International Data Sources Information from sources across gathered and analyzed.

International Verification International adverse media is sourced across multiple languages and incorporated into the profile database.

Identity Verification Ability to verify the authenticity of government-issued identification with the person presenting it.

Enforcement and Sanction Watch Lists Monitors watch lists of individuals who are sanctioned or wanted by enforcement authorities domestically and abroad.

Multiple Language Support Support of multiple languages, including double-byte languages.

Name Matching Technology The solution hosts an advanced name-matching technology that resolves name duplication, aliases, and variations in foreign spelling and naming conventions.

PEP Screening Identifies Politically Exposed Persons (PEPS).

Minimum Number of Records The solution has a minimum of 1 million records in its database.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

LexisNexis Financial Crime Compliance Reviews

RASHAB K.

A must for compliance needs

Likeliness to Recommend

Pros

James B.

A Must For Those in the Financial Services Industr

Likeliness to Recommend

Pros

Cons

LOVE THE PRODUCT!!

Likeliness to Recommend

Pros

Feature Ratings

Risk Assessment

Watchlist Alerts

Adverse Media

International Data Sources

International Verification

Identity Verification

Enforcement and Sanction Watch Lists

Multiple Language Support

Name Matching Technology

PEP Screening

Minimum Number of Records

Vendor Capability Ratings

Ease of Implementation

Ease of Data Integration

Vendor Support

Availability and Quality of Training

Quality of Features

Breadth of Features

Usability and Intuitiveness

Product Strategy and Rate of Improvement

Ease of Customization

Ease of IT Administration

Business Value Created