LexisNexis Risk Solutions Alternatives

If you're looking for a replacement for LexisNexis Risk Solutions, Alloy is an identity data orchestration platform that handles onboarding, fraud and AML monitoring and credit underwriting decisions. It also offers continuous monitoring, fraud prevention, compliance management and credit underwriting, so it can be used for financial product development and risk management in fintech.

Another good candidate is LegitScript, which uses certification and monitoring to help protect transactions, build trust and improve compliance. It offers services like merchant monitoring, marketplace monitoring and compliance, and is used by companies like payment facilitators and e-commerce marketplaces. Its AI and machine learning technology offers targeted insights to reduce risk exposure.

For a broader financial crime management system, Nasdaq Verafin combines data from hundreds of institutions to improve security and efficiency. It offers machine learning-based fraud detection, AML and CFT management and high-risk customer management. The system's advanced analytics and AI technology cuts down on false positives and streamlines investigations.

Last, ComplyAdvantage is an AI-powered fraud and AML risk detection system that automates manual processes to reduce false positives and optimize the compliance workload. It offers real-time transaction monitoring, a calibrated risk approach and better security that's in line with FATF recommendations, making it a good option for improving compliance efficiency.