- Report: Global 2024 spending for AML
KYC data, information and services is projected to increase
an already multibillion-dollar industry at a five-year CAGR of
22%.
- Burton-Taylor cited
LexisNexis Risk Solutions as the global market share leader for
AML KYC data, information and
services.
- Burton-Taylor expects
spending to continue rising due to an increasing number of
criminals accessing new technologies.
ATLANTA, Sept. 18,
2024 /PRNewswire/ -- Industry analyst firm
Burton-Taylor has ranked
LexisNexis® Risk Solutions as a market leader in
its latest anti-money laundering (AML) and know your customer (KYC)
report, reinforcing its status as a premier global provider of data
and analytics. This recognition underscores the company's
unwavering commitment to delivering trusted solutions that address
the complexities of financial crime compliance and risk
management.
The Burton-Taylor 2024
Anti-Money Laundering/Know-Your Customer Data & Services
Report highlights the expertise of LexisNexis Risk Solutions in
offering a comprehensive suite of products designed to support
organizations in combating financial crimes while helping ensure
compliance with AML and KYC regulations.
The Burton-Taylor report notes
that global 2024 spending for AML
KYC data, information and services is projected to increase
an already multibillion-dollar industry at a five-year CAGR of 22%.
This is only expected to rise in the coming years with an
increasing number of criminals utilizing technologies such as
artificial intelligence and machine learning. LexisNexis Risk
Solutions is cited as the global market leader holding the greatest
share of the industry's revenue.
"Being featured as a leader in Burton-Taylor's AML/KYC report affirms our commitment
to excellence and innovation in financial crime risk
management," said Matt
Michaud, global head of financial crime compliance at
LexisNexis Risk Solutions. "Our focus remains on
harnessing the power of data, analytics and technology to empower
our clients with the insights they need to mitigate risk,
demonstrate regulatory compliance and contribute to building a
safer financial world."
LexisNexis Risk Solutions prides itself on offering unparalleled
risk insights through data-driven solutions that provide a more
holistic view of customer profiles. This capability not only
optimizes operational efficiency but significantly enhances
customer experience and business decision-making.
Find out more about the financial crime compliance portfolio
from LexisNexis Risk Solutions.
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data,
sophisticated analytics platforms and technology solutions to
provide insights that help businesses across multiple
industries and governmental entities reduce risk and improve
decisions to benefit people around the globe. Headquartered in
metro Atlanta, Georgia, we have
offices throughout the world and are part of RELX (LSE: REL/NYSE:
RELX), a global provider of information-based analytics and
decision tools for professional and business customers. For more
information, please visit LexisNexis Risk Solutions and
RELX.
Media Contacts:
Marcy
Theobald
678.860.3639
marcy.theobald@lexisnexisrisk.com
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SOURCE LexisNexis Risk Solutions