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Impacts on Financial Crime Compliance LexisNexis Risk

Investing in technology solutions can help alleviate some of these pressures and limit cost increases. Our solutions combine advanced analytics and unmatched global identity intelligence with innovative financial crime to deliver precise risk perspectives that …

Actived: 8 days ago

URL: https://risk.lexisnexis.com/insights-resources/infographic/impacts-of-covid-19-on-financial-crime-compliance

Careers LexisNexis Risk Solutions US

(4 days ago) LexisNexis Risk Solutions believes in the importance of education. We invest in our future by investing in you at University. From sponsoring certificate programs and lab spaces focused on big data technologies, including our own HPCC Systems to supporting student competitions and class projects.

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State of AI and ML in Insurance LexisNexis Risk Solutions

(6 days ago) As the industry gears up to enter 2020 and the new decade, carriers are investing in the capabilities that will help them thrive in an increasingly fast-paced, data-driven marketplace. Chief among those capabilities? Artificial intelligence (AI) and machine learning (ML).

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Internship and University Programs LexisNexis Risk Solutions

(5 days ago) We invest in our future by investing in you. Summer Intern Program Purpose. LexisNexis Risk Solutions offers an exciting 10-week Summer Intern Program is intended to identify top talent to move into full-time roles within the organization upon graduation. Functional roles of …

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LexisNexis unique auto insurance shopping insights

(9 days ago) By investing a modest amount of time online or on the phone, consumers can easily compare rates and may often uncover savings potential. These proprietary LexisNexis Risk Solutions shopping insights are derived from 3.5 billion consumer-shopping transactions since 2009.

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Validate UBI LexisNexis Risk Solutions

(5 days ago) So I would suggest to you that you're better off investing in a random number generator than a telematics program without this. I think this is why smartphones have got a bit of a bad name for themselves. It's because we don't know the 15 to 20% to not process—to throw away. They can be as good a quality as a black box, or an OBD.

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LexisNexis Risk Solutions to Assist L.A. Care with Its

(6 days ago) By investing in data analytics to address the challenges of fast-changing provider data, L.A. Care is demonstrating its leadership in the health payer community, and most importantly, its commitment to serving its members. We look forward to supporting L.A. Care’s provider data and analytics needs and helping to enable their mission.”

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Anti-Money Laundering Risk Assessment and Customer Due

(5 days ago) non-compliance is increasing, financial institutions are not currently investing in the data, systems and other technologies necessary to establish an effective AML program. 5 AML Risk Assessment and Due Diligence Survey Which of the following BEST describes your .

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New Study Reveals Most U.S. Insurance Carriers Are

(4 days ago) Nearly half (48 percent) of Trend Spotters believe investing in IoT will give them a competitive advantage in the future, while only 22 percent of Skeptics think the same. Similarly, more Trend Spotters tend to believe that operational issues like security, storage and analysis are difficult challenges to tackle, but understand that they are

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Professional, thorough due diligence to assess the risk of

(6 days ago) financing or investing in a large project. There are many inherent risks in commercial relationships and the potential for exposure in even the simplest of situations has dramatically increased in today’s fast-paced business environment. You need to manage a broad range of risks through effective due diligence

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Identity Trust Transformed Study LexisNexis Risk Solutions

(8 days ago) The detailed survey and study revealed that companies are investing in IDV data and technologies and aligning updated fraud prevention processes with increased online activity attributed to the COVID-19 pandemic. Sixty-four percent of surveyed professionals acknowledged an increased importance of IDV and authentication capabilities due directly

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TRUE COST OF FINANCIAL CRIME COMPLIANCE STUDY

(3 days ago) Negative Impacts from COVID-19 Applying or Investing in Resources Regulatory Pressures Increase FINANCIAL CRIME COMPLIANCE COST DRIVERS Increased costs related to: Labor Compliance technology Networking, remote set-up technology Some hiring of staff to address increased volumes of work and alerts. “Combat pay” (increased hourly) for those

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Retail Fraud Volume and Cost Increase Sharply Year-On-Year

(2 days ago) Mid- to large-size mobile commerce merchants that sell digital goods see 39 percent of the fraud losses from identity theft, including synthetic identities. Though these merchants appear to have shown signs of investing in fraud prevention solutions in …

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Cross-Industry Fraud is Accelerating and Becoming More

(1 days ago) While these areas vary widely by industry, technological systems are seeing the most investment across industries (24 percent), followed by training (20 percent) and investing in more staff (19 percent). To learn more about the key findings, read the 2018 LexisNexis Fraud Mitigation Study.

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EXECUTIVE BRIEF Cybersecurity: Balancing Risk and Member

(3 days ago) Most healthcare organizations are investing in new infrastructures to continually analyze existing workflows and highlight access methods and gaps where potential fraud may occur. The audience was polled on how many layers of verification their organization is using: One layer of verification: 9.1% Two layers of verification: 72.7%

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WHITE PAPER A proactive approach to reducing risks & costs

(9 days ago) patients. The cost of investing, in advance, in the resources required to minimize medication non-adherence is far less than the billions of dollars spent every year on the hospitalizations—as many as 10% of all admits—that result from that non-compliance.6 The key to success: using the right data and analytics to target high-risk patients and

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Collections Compliance LexisNexis Risk Solutions

(5 days ago) LexisNexis® Phone Solutions for Collections helps you focus search strategies and gain more right-party contact results and critical phone data insights. The solutions are powered by advanced analytics and LexID®, which produces over 99.99% accuracy in linking identity records, giving you more precise right-party contact results.

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TIP SHEET Does your Customer Due Diligence Program meet

(2 days ago) many FIs and NBFIs are forced to grow their compliance operations by investing in additional analysts and investigators or making capital outlays to increase technology and compliance tools. These extra expenses negatively impact margins and revenues, positioning compliance as an even bigger burden in the cost of doing business.

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The State of Patient Identity Management

(8 days ago) • Which tools, skills and partnerships healthcare entities are investing in to improve patient identity management in 2019 and beyond. Read on for full survey results, as well as expert analysis of how to put this information to use to improve how your organization approaches authentication. Best, Tom Field Senior Vice President, Editorial

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Additional Uses of Alternative Data for Credit Risk

(4 days ago) There are many providers of alternative data who have been investing in the market, consolidating and building up databases that cover multiple data attributes and developing predictive models around alternative data. Additionally, the providers approach the data with different methodologies—some combine alternative data with conventional credit

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Top 7 ways insurance carriers can optimize marketing

(4 days ago) Seize the opportunity to cross-sell, upsell or just plain sell by investing in a solution that provides a single view into your prospect’s profile and potential needs. Targeted Messaging If you want more policy sales, personalize the offer

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The Value of DATA GOVERNANCE

(7 days ago) keeping should consider investing time, money, and resources in a data governance strategy to ultimately realize many long-term benefits. Key takeaways expressed by the experts participating in the eHealth Initiative roundtable on data governance include: • Solve …

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Human Trafficking Webinar Recording LexisNexis Risk

(Just Now) Individuals need to bring awareness of human trafficking into their shopping and investing choices; Businesses must raise visibility across every component of their supply chains and foster better synergies and communication between the Environmental Societal and Corporate Governance (ESG) function and the procurement team

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eHealth Initiative Foundation Releases Brief on the Value

(8 days ago) The brief also discusses the importance of moving beyond simple record keeping and investing time, money, and resources in a data governance strategy to realize long-term benefits. Key takeaways and action items based on opinions expressed by the experts at the roundtable include: Solve patient matching and identification issues.

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The collections workflow is measured

(Just Now) • Consider investing in a scoring & analytics tool from a reputable data provider. Smaller organizations rarely use any type of scoring and analytics. Manual processes are time-consuming and can lead to highly subjective decisions. Those that do employ these tools may find their results poisoned by bad data.

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LexisNexis® Fraud Defense Network

(9 days ago) Implement processes and consider investing more in systems that automatically flag suspicious transactions, and combine them with multiple fraud mitigation solutions that recognize anomalies that suggest errors or point to intentionally falsified identity data When conducting manual reviews use the best tools with the

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EMEA True Cost of Financial Crime Compliance LexisNexis

(6 days ago) Across all financial institutions, the total projected cost of financial crime compliance is $117.5B for 2020, resulting in a 21% year-on-year increase. Germany is representing a higher portion of the total EMEA cost followed by France and Italy. Download our report to learn more about the key findings and why some of the regions are impacted

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Chief Compliance Officers Beware—New York DFS Proposed

(2 days ago) Heavy investing in compliance Leaders in the financial services industry have already expressed concerns about the significant investments required to keep pace with existing compliance mandates. These same leaders’ concerns extend to the growth and …

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Top 7 ways insurance carriers can optimize marketing leads

(8 days ago) owner? Seize the opportunity to cross-sell, upsell or just plain sell by investing in a solution that provides a single view into your prospect’s profile and potential needs. Insight into the digital journey that led prospects to you will also help improve targeting, messaging, and identification of those leads that are worth nurturing. 6.

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2016 LexisNexis® True Cost of Fraud Study

(8 days ago) remote merchants are investing in resources to combat these issues, ranging from adopting multiple fraud mitigation solutions to the use of automated fraud flagging systems. That said, there is frustration with the cost of managing fraud, while still battling the expense of manual reviews and challenges of false positives. In fact,

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CASE STUDY LexisNexis® ThreatMetrix® Helps paysafecard

(2 days ago) Re-investing the credentials stolen from high-profile data breaches, fraudsters were using these to perpetrate payment fraud. However, despite the need to address the payment threat from fraudsters, paysafecard also recognized the need to not solely focus on the identification and use

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LexisNexis® Risk Solutions 2018 True Cost of Fraud℠ Study

(7 days ago) Investing in a layered solution approach will be much more effective if from a solutions partner that provides unique linking capabilities which identify and match hidden relationships, shed light on suspicious activities or transactions and identify collusion. These patterns are not easily uncovered by a …

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Social Determinants of Health: Lessons from 2018

(2 days ago) reveals that, while the industry clearly sees value in investing in social determinants data, there’s still a tremendous need for education and alignment among providers and payers to make meaningful use of the data. Here’s what we know: Care managers can’t afford to ignore socioeconomic data. Studies have

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INSURANCE SHOPPING DYNAMICS

(5 days ago) volume of shoppers since 2009.1 By investing a modest amount of time online or on the phone, consumers can easily compare rates and may o˚en uncover savings potential. 1 LexisNexis Risk Solutions proprietary data 2018

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