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LexisNexis

LexisNexis Financial Services

Composite Score

7.0 /10

CX Score

7.1 /10

28 Reviews Write a Review

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.

80 Likeliness to Recommend

4
Since last award

98 Plan to Renew

2
Since last award

79 Satisfaction of Cost Relative to Value

3
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.

+77 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?

5% Negative

13% Neutral

82% Positive

Pros

Performance Enhancing
Transparent
Respectful
Fair

Feature Ratings

Average 76

Fraud Management

Credit Risk Management

Transaction Monitoring

Anti Money Laundering

Analytics and Reporting

Policy Management

Market Risk Management

Stress Tests

Regulatory Compliance and Audit

Asset Liability Management

Cheque Management

Vendor Capability Ratings

Average 76

Ease of Implementation

Ease of Data Integration

Quality of Features

Usability and Intuitiveness

Business Value Created

Product Strategy and Rate of Improvement

Breadth of Features

Availability and Quality of Training

Ease of IT Administration

Ease of Customization

Vendor Support

LexisNexis Financial Services Reviews

Role: Vendor Management
Industry: Banking
Involvement: Business Leader or Manager

Validated Review

Anonymous Reviewer

Submitted Mar 2024

Effective product but customer service is lacking

Likeliness to Recommend

8 /10

Pros

Security Protects
Performance Enhancing
Respectful
Acts with Integrity

Cons

Less Effective Service
Wastes Time
Charges for Enhancements

Role: Consultant
Industry: Consulting
Involvement: Business Leader or Manager

Validated Review

Anonymous Reviewer

Submitted Dec 2023

Great financial product

Likeliness to Recommend

9 /10

Pros

Efficient Service
Effective Service
Fair
Client's Interest First

Dana K.

Role: Human Resources
Industry: Other
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Jun 2022

Lexis is the best choice for a risk solution

Likeliness to Recommend

9 /10

What differentiates LexisNexis Financial Services from other similar products?

We had a advanced and essential implementation to take care of, and that wed LexisNexis risk resolution to supply us with full availability. They acted each ssionally and proactively for the complete duration of the project. Without their availability and having them verifverifyl steps, we wouldn’t have been able to deliver such a successful integr ion delivery. The platform has loads of completely different settings that may be organized for your specific business objectives, organizational structures, and operational process. No matter you want,what it can most likely be configured.

What is your favorite aspect of this product?

Simple dashboard use and easy navigation. The knowledge domain was filled with useful support articles. Additionally, the private tutorial was helpful duringan worker transition. The most effective side of LexisNexis risk solution, a very layered aspect in itself, is its versatility. Numerous ways in which to use the software system solution in everyday activities, and to make a complex, nevertheless coherent, and intuitive system for security.

What do you dislike most about this product?

Way too complicated. The method of setting up the platform is an enterprise-level implementation and wants their authority support. Conjointly implementation into your website isn’t all that straightforward and required many months to get it working.

What recommendations would you give to someone considering this product?

It’s a good answer that’ versatile and meets the business needs, but make sure to do your preparation on having enough resources to implement it.

Pros

Continually Improving Product
Effective Service
Helps Innovate
Reliable

How We Deliver

LexisNexis Financial Services

What is LexisNexis Financial Services?

Company Details

Need Assistance?

Awards & Recognition

LexisNexis Financial Services Ratings

80 Likeliness to Recommend

4 Since last award

98 Plan to Renew

2 Since last award

79 Satisfaction of Cost Relative to Value

3 Since last award

Emotional Footprint Overview

+77 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

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

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.

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

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

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

Market Risk Management Includes equity risk, currency risk, and commodity risk.

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.

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

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

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.

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.

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.

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.

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

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.

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

Effective product but customer service is lacking

Likeliness to Recommend

Pros

Cons

Great financial product

Likeliness to Recommend

Pros

Dana K.

Lexis is the best choice for a risk solution

Likeliness to Recommend

Pros

Title

4
Since last award

2
Since last award

3
Since last award

Feature Ratings

Fraud Management

Credit Risk Management

Transaction Monitoring

Anti Money Laundering

Analytics and Reporting

Policy Management

Market Risk Management

Stress Tests

Regulatory Compliance and Audit

Asset Liability Management

Cheque Management

Vendor Capability Ratings

Ease of Implementation

Ease of Data Integration

Quality of Features

Usability and Intuitiveness

Business Value Created

Product Strategy and Rate of Improvement

Breadth of Features

Availability and Quality of Training

Ease of IT Administration

Ease of Customization

Vendor Support