LexisNexis® Risk Solutions Expands Cloud Services in Australia

LexisNexis® Risk Solutions has launched its first cloud hosting facility in Australia, expanding its reach in the Asia-Pacific region. This move comes after the successful establishment of a data center in India last year, showcasing the company's commitment to providing localized risk management services.

The new cloud hosting service is powered by cutting-edge technology, offering improved performance with reduced latency, faster load times, and enhanced response rates. Through the integration of LexisNexis® RiskNarrative™, businesses can now access a comprehensive customer lifecycle management platform that enables real-time risk decision-making and smoother customer interactions by combining multiple data sources seamlessly.

With a focus on streamlining risk assessments, organizations can now confidently utilize a unified application program interface (API) and platform environment. This approach incorporates key elements such as Know Your Customer (KYC), Know Your Business (KYB), anti-money laundering (AML) activities, identity verification, biometrics, and advanced fraud detection.

Recognizing the importance of data governance and privacy regulations, LexisNexis Risk Solutions aims to support businesses in meeting evolving requirements while maintaining high customer satisfaction levels. The introduction of the Australian cloud hosting facility underscores the company's dedication to delivering innovative solutions to the local business community securely.

By leveraging a cloud platform, LexisNexis Risk Solutions ensures robust data security that adheres to specific data residency and regulatory standards. The platform holds various compliance certifications, including ISO 27001, CSA certification, and HIPAA, ensuring data protection and regulatory compliance.

LexisNexis® Risk Solutions continues to lead the way in providing valuable insights and technology solutions to help businesses across industries and governmental entities worldwide mitigate risks and enhance decision-making processes effectively.