LexisNexis Risk & Information Analytics Group Teams With Actimize For A Comprehensive Customer Due Diligence Solution

LexisNexis Risk & Information Analytics Group has teamed with Actimize Inc. to create an integrated Customer Due Diligence (CDD) solution to help detect fraud and comply with due diligence regulations. The LexisNexis Risk & Information Analytics Group delivers actionable intelligence to help customers confidently make critical decisions faster. Actimize, a leader in risk, compliance and fraud prevention solutions, provides real-time transaction monitoring, analytics and workflow to help customers comply with regulations, prevent fraud, and manage risk. The joint solution is a highly automated, integrated application that helps financial services firms verify identity, issue risk ratings, maintain comprehensive audit trails, support case management and generate reports to provide protection and improve compliance performance. This joint solution leverages LexisNexis® Risk & Information Analytics Group advanced fraud prevention and customer verification technologies driven by rich and dynamic data sources, and leverages Actimize’s leading transaction monitoring platform and comprehensive case management workflow application. "All financial institutions need a complete solution to quickly and effectively manage the due diligence process both at account origination and over the life of the account,” said Thomas C. Brown, vice president of financial services solutions for LexisNexis Risk & Information Analytics Group. "Additionally, with this solution, our customers will be able to provide a clear audit trail for their due diligence activities for optimal compliance,” said Brown. "This solution helps financial institutions meet the more demanding requirements of regulators around Sections 312 and 326 of the USA PATRIOT Act, as well as other regulations. For those customers who already have an AML solution in place, this will provide further enhancement and needed compliance,” said David Sosna, Actimize CEO. "For those who don’t, we provide both the AML and CDD total solution, so we can deliver a complete compliance solution.” The new solution helps financial firms: Monitor customer risk on an on-going basis from real-time account opening – including various trigger events – through the complete customer lifecycle with an online and paperless system Deploy with virtually any Anti-Money Laundering system or the AML solution from Actimize File Suspicious Activity Reports (SARs) and Currency Transaction Reports (CTRs) electronically to increase productivity in meeting compliance regulations Save time and money by reducing manual reviews, processes and analyses with an automated solution The new offering from LexisNexis Risk & Information Analytics Group and Actimize is part of the Fraud Prevention solution line from LexisNexis Risk & Information Analytics Group, which is designed to help financial services firms with fraud and risk assessment, due diligence and compliance. About LexisNexis LexisNexis® (www.lexisnexis.com) is a leading provider of information and services solutions, including its flagship Web-based Lexis® and Nexis® research services, to a wide range of professional in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. A member of Reed Elsevier Group plc (NYSE:ENL)(NYSE:RUK) (www.reedelsevier.com), LexisNexis serves customers in 100 countries with 13,000 employees worldwide. About LexisNexis Risk & Information Analytics Group LexisNexis® Risk & Information Analytics Group is a natural extension of the core competencies and technologies proven in the LexisNexis online products from the past 30 years. The LexisNexis Risk & Information Analytics Group builds on the LexisNexis tradition as a trusted provider and custodian of quality information, and leverages new cutting-edge technology, unique data and advanced scoring analytics to create advanced decision-making efficiencies, at the point of need. This group is specifically designed to serve the multi-billion Dollar risk information industry which is comprised of professionals and organizations such as financial services firms, collection agencies, insurance and health care providers, hiring managers, and other professionals who need to build, manage and assess risk throughout the customer lifecycle. The LexisNexis Risk & Information Analytics Group delivers point-of-need solutions such as Customer Acquisition & Retention to help companies grow their business and manage the customer lifecycle, Authentication & Screening to ensure quality relationships, Fraud Prevention to detect fraud and conduct due diligence, and Collections Management to recover more revenue. Customers include almost every federal government agency, the top 100 law firms, and Fortune 500 companies in the fields of national security, financial services, collection and recovery, insurance, telecommunications, e-commerce and retail. About Actimize Actimize is a leading provider of enterprise software solutions for regulatory compliance and fraud prevention including Anti-Money Laundering, Customer Due Diligence, Enterprise Fraud Prevention, and Broker / Dealer Compliance solutions. Actimize solutions are used by eight of the top ten financial services institutions and in total provides surveillance and compliance monitoring for over US $6 trillion in assets. Actimize solutions are currently implemented at leading financial services institutions including banks, brokerages, and insurance firms as well as regulatory bodies and government agencies. For more information visit www.actimize.com . # # # LexisNexis and the Knowledge Burst logo are registered trademarks of Reed Elsevier Properties Inc., used under license. LexisNexis Risk & Information Analytics Group Inc and Seisint Inc. are a part of the LexisNexis® Risk & Information Analytics Group of companies.