A Chartis Category Leader in AML Transaction Monitoring
LexisNexis® Risk Solutions Recognised for Excellence in AML Compliance
Chartis Research recently released its AML Transaction Monitoring Solutions 2024 report, providing an in-depth analysis of the leading solutions shaping the financial crime risk management landscape.
The report evaluates vendors based on functionality, market presence and innovation, recognising those that set the benchmark for financial crime risk management.
LexisNexis Risk Solutions is proud to be named a Category Leader, reaffirming its position as a trusted provider of AML transaction monitoring technology and software.
At the heart of this recognition is the LexisNexis® RiskNarrative® platform, which powers end-to-end financial crime orchestration.
Chartis awarded LexisNexis Risk Solutions a top rating for its data and systems integration capabilities, highlighting its ability to seamlessly connect to a wide range of third-party and proprietary data, signals and solutions within RiskNarrative’s AML transaction monitoring module.
Additionally, the platform received praise for its no-code configuration, enabling compliance teams to take full control of rules, alerts and regulatory reporting processes without IT reliance. This flexibility allows organisations to detect risks faster and enhance financial crime compliance with greater agility and efficiency.
Matt Michaud, Global Head of Financial Crime Compliance at LexisNexis Risk Solutions, commented, "Being named a Category Leader is a testament to our team’s tireless efforts to develop cutting-edge technology that utilises an expansive range of data sets. Our solutions provide some of the industry’s most comprehensive insights, addressing the evolving challenges of AML transaction monitoring with precision and flexibility."
Nick Vitchev, Research Director at Chartis, commented, “LexisNexis Risk Solutions’ category leader placing in our transaction monitoring quadrant reflects the high degree of flexibility it delivers to a market in which putting customisation in the hands of users is a significant value-add. Its solution is built on a deep layer of data and solution integrations, with an orchestration platform capability that excels in a wide range of use cases.”
