LexisNexis

LexisNexis Financial Services

Composite Score

7.3 /10

CX Score

7.5 /10

30 Reviews Write a Review

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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

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Awards & Recognition

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

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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.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

82 Likeliness to Recommend

6
Since last award

99 Plan to Renew

3
Since last award

83 Satisfaction of Cost Relative to Value

7
Since last award

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Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+81 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?

4% Negative

10% Neutral

86% Positive

Pros

Performance Enhancing
Transparent
Respectful
Fair

Feature Ratings

Average 78

Anti Money Laundering

Fraud Management

Analytics and Reporting

Market Risk Management

Credit Risk Management

Transaction Monitoring

Asset Liability Management

Stress Tests

Regulatory Compliance and Audit

Policy Management

Cheque Management

Vendor Capability Ratings

Average 79

Quality of Features

Usability and Intuitiveness

Ease of Implementation

Ease of Data Integration

Business Value Created

Product Strategy and Rate of Improvement

Ease of IT Administration

Availability and Quality of Training

Ease of Customization

Breadth of Features

Vendor Support

LexisNexis Financial Services Reviews

Mayowa O.

Role: Finance
Industry: Banking
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Mar 2025

Effective Risk

Likeliness to Recommend

9 /10

What differentiates LexisNexis Financial Services from other similar products?

LexisNexis Financial Services stands out due to its comprehensive risk management approach. It offers a holistic solution covering fraud prevention, compliance, and credit risk assessment. Advanced analytics and machine learning provide accurate risk assessments. The solution's scalability and flexibility make it suitable for financial institutions of all sizes. Its advanced technology sets it apart from competitors.

What is your favorite aspect of this product?

My favorite aspect of LexasaNexis Financial Services is its comprehensive approach to risk management. The solution combines advanced analytics, machine learning, and a vast repository of data to provide accurate risk assessments. This holistic approach helps financial institutions identify and mitigate potential threats. It's a powerful tool for preventing fraud and ensuring compliance. Overall, it's a game-changer for financial institutions looking to strengthen their risk management strategies.

What do you dislike most about this product?

One thing I dislike about LexisNexis Financial Services is its complexity. Implementing the solution can be time-consuming and require significant training. This can be a challenge for smaller financial institutions or those with limited IT resources. Additionally, the solution's steep learning curve can lead to frustration for some users. Overall, while the solution is powerful, its complexity can be a drawback.

What recommendations would you give to someone considering this product?

If you're considering LexisNexis Financial Services, clearly define your risk management requirements and goals. Evaluate the implementation costs and consider the time and resources needed. Request a demo to see the solution in action and understand its capabilities. Read reviews, ask for references, and compare with other solutions to make an informed decision. Additionally, ask about training and support to ensure a smooth transition.

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Leonard S.

Role: Finance
Industry: Finance
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Dec 2024

Outstanding Platform

Likeliness to Recommend

9 /10

What differentiates LexisNexis Financial Services from other similar products?

The use of machine learning models to detect anomalies and predict fraud patterns makes it a powerful tool for tackling sophisticated financial crimes.

What is your favorite aspect of this product?

I like how intuitive the search functionalities are, making it easy for me to investigate entities and trace connections in complex cases.

What do you dislike most about this product?

While the interface is robust, it can be overwhelming for new users. I had to spend considerable time learning the nuances of the platform.

What recommendations would you give to someone considering this product?

Look for ways to integrate LexisNexis into your existing tools and processes to maximize efficiency.

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Shaharyar A.

Role: Consultant
Industry: Banking
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Nov 2024

Original in the Business, could use a revamp!

Likeliness to Recommend

8 /10

What differentiates LexisNexis Financial Services from other similar products?

Unique features

What is your favorite aspect of this product?

Pioneer in this space

What do you dislike most about this product?

Stagnant and not innovative

What recommendations would you give to someone considering this product?

OG in the game

Pros

Helps Innovate
Performance Enhancing
Enables Productivity
Trustworthy

LexisNexis Financial Services

What is LexisNexis Financial Services?

Company Details

Book a Free Demo Today!

Awards & Recognition

LexisNexis Financial Services Ratings

82 Likeliness to Recommend

6 Since last award

99 Plan to Renew

3 Since last award

83 Satisfaction of Cost Relative to Value

7 Since last award

Emotional Footprint Overview

+81 Net Emotional Footprint

How much do users love LexisNexis Financial Services?

Pros

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

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

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

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

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.

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

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

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.

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

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

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.

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.

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.

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.

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

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.

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.

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.

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.

LexisNexis Financial Services Reviews

Mayowa O.

Effective Risk

Likeliness to Recommend

Pros

Leonard S.

Outstanding Platform

Likeliness to Recommend

Pros

Shaharyar A.

Original in the Business, could use a revamp!

Likeliness to Recommend

Pros

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Feature Ratings

Anti Money Laundering

Fraud Management

Analytics and Reporting

Market Risk Management

Credit Risk Management

Transaction Monitoring

Asset Liability Management

Stress Tests

Regulatory Compliance and Audit

Policy Management

Cheque Management

Vendor Capability Ratings

Quality of Features

Usability and Intuitiveness

Ease of Implementation

Ease of Data Integration

Business Value Created

Product Strategy and Rate of Improvement

Ease of IT Administration

Availability and Quality of Training

Ease of Customization

Breadth of Features

Vendor Support