UK firms spend the equivalent of three quarters of UK’s defence budget on financial crime compliance activities each year.
The True Cost of Compliance series aims to measure and track the UK financial services sector’s response to detecting and preventing financial crime. Working in collaboration with leading research agency, Oxford Economics, we carried out in depth qualitative surveys of over 300 UK firms to quantify spend and split of activities across the full range of compliance obligations, exploring how people and technology are employed in the fight against fraud and money laundering and asking the question: is the sector doing enough of the right things?
Our market-leading data and analytics powered risk management solutions have achieved a number of leader rankings with globally-recognised analyst firms across multiple use-cases.
LexisNexis Risk Solutions shares insight in a series of reports that explore how orchestration can manage financial crime risk whilst reducing compliance costs.
How risk orchestration can cut your fraud and financial crime compliance costs by around two thirds
Financial services firms can save millions of pounds a year by investing in a specialist risk orchestration platform rather than building their own in-house risk management solution.
Explore LexisNexis® Risk Solutions Cybercrime Report for key UK fraud trends, attack types and customer trust in finance. Download for comprehensive UK fraud analysis.
LexisNexis® Risk Solutions has recently been recognised as a leader among digital identity verification solutions by two global analyst firms in their latest reports on the market.
A brand new report for 2023, analysing the effectiveness of UK economic crime prevention efforts and featuring the perspectives of three leading experts in the field.
RiskNarrative enables dynamic risk decisions for financial institutions with scoring across identity, fraud and compliance, empowering you, to make the right decisions, seamlessly.