LexisNexis Financial Services Customer Reviews 2023

What is LexisNexis Financial Services?

We offer innovative solutions to serve a wide range of industries and government while upholding the highest standard for security and privacy.

Company Details

Need Assistance?

We're here to help you with understanding our reports and the data inside to help you make decisions.

Get Assistance

Awards & Recognition

LexisNexis Financial Services won the following awards in the Financial Risk Management category

Filter By

0 Top Rated Capabilities

1 Top Rated Features

Latest Award, 2023

0 Top Rated Capabilities

2 Top Rated Features

2022

LexisNexis Financial Services 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 Services.

76 Likeliness to Recommend

97 Plan to Renew

Up 1
Since last award

77 Satisfaction of Cost Relative to Value

Up 1
Since last award

Emotional Footprint Overview

+75 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 Services?

10% Negative

23% Neutral

67% Positive

Pros

Reliable
Saves Time
Performance Enhancing
Efficient Service

Cons

Less Generous
Under Delivered

Feature Ratings

Average 75

Fraud Management

83

Anti Money Laundering

79

Analytics and Reporting

78

Policy Management

77

Market Risk Management

77

Credit Risk Management

77

Transaction Monitoring

76

Regulatory Compliance and Audit

74

Asset Liability Management

74

Stress Tests

70

Cheque Management

68

Vendor Capability Ratings

Average 72

Ease of Customization

85

Ease of Implementation

85

Ease of IT Administration

82

Usability and Intuitiveness

81

Product Strategy and Rate of Improvement

77

Quality of Features

72

Business Value Created

70

Availability and Quality of Training

69

Vendor Support

69

Ease of Data Integration

68

Breadth of Features

57

LexisNexis Financial Services Reviews

Jenn W.

Role: Information Technology
Industry: Banking
Involvement: IT Leader or Manager

Validated Review

Verified Reviewer

Submitted Mar 2020

Software supporting Risk Managmeent

Likeliness to Recommend

8 / 10

What differentiates LexisNexis Financial Services from other similar products?

This tool and company has high visibility in the industry and has consistently delivered to the market a product to support risk management and helps us add definition to our customers and our portfolios.

What is your favorite aspect of this product?

The ability to search, secure and move forward with decisions based on quality information received.

What do you dislike most about this product?

There is nothing notably distasteful.

What recommendations would you give to someone considering this product?

Do the research and ensure that your LOBs are attuned to the product. Take advantage of the training and KT for IT.

Pros

Reliable
Performance Enhancing
Enables Productivity
Trustworthy

LexisNexis Financial Services

LexisNexis Financial Services

What is LexisNexis Financial Services?

Company Details

Need Assistance?

Awards & Recognition

LexisNexis Financial Services Ratings

76 Likeliness to Recommend

97 Plan to Renew

Up 1Since last award

77 Satisfaction of Cost Relative to Value

Up 1Since last award

Emotional Footprint Overview

+75 Net Emotional Footprint

How much do users love LexisNexis Financial Services?

Pros

Cons

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

Fraud Management Includes identity theft protection, fraud alerts, payer authentication, and fraud investigations.

Anti Money Laundering Includes suspicious behavior identification, currency transaction reporting, case management and customer due diligence checks.

Analytics and Reporting Includes historical & real-time dashboard visualizations, detailed & summary reporting and easy data extraction for data analysis.

Policy Management Solution centralizes policies, standards, and procedures mapped to regulations or best-practices (PCI-DSS, ISO/IEC, HIPAA, etc.) with built-in templates.

Market Risk Management Includes equity risk, currency risk, and commodity risk.

Credit Risk Management Includes credit assessment, credit scoring, and credit risk analysis.

Transaction Monitoring Includes Know Your Customer (KYC), cash deposits and withdrawals, wire transfers, and ACH activity management.

Regulatory Compliance and Audit Ability to adhere to laws, regulations, guidelines, and specifications relevant to the business. Ability to store documents and trails for audit access.

Asset Liability Management Includes interest rate risk, liquidity risk, and funding and capital management.

Stress Tests Includes crisis simulations, scenario generation, and scenario analysis.

Cheque Management Includes cheque printing, cheque tracking, cheque payment processing, and cheque verification.

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

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

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.

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.

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.

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.

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.

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

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.

LexisNexis Financial Services Reviews

Jenn W.

Software supporting Risk Managmeent

Likeliness to Recommend

Pros

Up 1
Since last award

Up 1
Since last award

Feature Ratings

Fraud Management

Anti Money Laundering

Analytics and Reporting

Policy Management

Market Risk Management

Credit Risk Management

Transaction Monitoring

Regulatory Compliance and Audit

Asset Liability Management

Stress Tests

Cheque Management

Vendor Capability Ratings

Ease of Customization

Ease of Implementation

Ease of IT Administration

Usability and Intuitiveness

Product Strategy and Rate of Improvement

Quality of Features

Business Value Created

Availability and Quality of Training

Vendor Support

Ease of Data Integration

Breadth of Features