Latest news with #LexisNexis
Zawya
12 hours ago
- Business
- Zawya
The winners of the Habib Al Mulla Academy Legal Research Writing Competition were announced
Dubai, UAE – Habib Al Mulla Academy, in collaboration with LexisNexis and Saint Joseph University in Dubai, proudly held the awards ceremony of the first edition of the Habib Al Mulla Legal Writing Competition, a unique initiative aimed at empowering future legal minds and encouraging innovation in legislative writing. This morning's ceremony at the Waldorf Astoria DIFC was attended by legal professionals, academics, and competition finalists. The event concluded with an award presentation by Dr Juma Alfalasi from the Dubai Legal Affairs Department (DLAD), followed by closing remarks from Dr. Habib Al Mulla. We are pleased to announce the top three winners: Alia Al Marzouqi – First Place Abeer Shalish – Second Place Aseel Abu Shehab – Third Place The competition invited students from across the UAE to submit legal research papers focused on current legislative developments and innovative legal solutions. Participants were evaluated by a distinguished panel of legal academics and practitioners. It was also announced that the first-place prize has been increased to AED 20,000 in the second edition and that a new category has been introduced for legal research in the GCC countries.
Yahoo
13 hours ago
- Business
- Yahoo
LexisNexis rolls out commercial property risk assessment tool
LexisNexis Risk Solutions has launched LexisNexis Location Intelligence for Commercial, a new commercial property risk assessment solution in the US. The solution aims to enhance underwriting and renewal processes by providing predictive modelling capabilities to evaluate property risks. The tool combines industry loss data, weather forensics and property characteristics into predictive modelling risk scores. It also includes proprietary claims information and neural network-driven models to deliver insights to insurers for assessing commercial property risk. The predictive model offers 20-times lift, helping insurers identify 10% of properties driving 34% of weather-related losses, the company's press release said. The solution integrates with existing underwriting and renewal workflows and supports risk control strategies. LexisNexis Risk Solutions commercial insurance senior vice-president David Zona said: "As opposed to conventional sources of information from basic weather data, roof age and aerial imagery, LexisNexis Location Intelligence represents a new standard for commercial property risk assessment that helps give insurers the actionable intelligence they need for a fuller and more granular view of risk coupled with workflow automation they can actually leverage. 'With Location Intelligence, they can better assess risk, such as which 10% of the properties in their book could generate a third of their property losses. This can put them in a unique position to be a customer service leader, proactively working with their customers on risk mitigation and resilience efforts.' In February, LexisNexis released an AI-powered property survey solution for insurance carriers. "LexisNexis rolls out commercial property risk assessment tool " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
a day ago
- Business
- Yahoo
LexisNexis Risk Solutions Launches Location Intelligence: A First-of-Its-Kind Underwriting Solution for U.S. Commercial Property Risk Assessment
New proprietary solution delivers more than 20 times the lift, enabling commercial property insurers to help automate and optimize risk strategies with more accuracy ATLANTA , June 19, 2025 /PRNewswire/ -- LexisNexis® Risk Solutions today announced the launch of LexisNexis® Location Intelligence for Commercial, a next-generation commercial property risk assessment solution that sets a new standard for more precise, automated and predictive modeling power in the U.S. commercial insurance sector at underwriting and renewal. As severe weather events continue to escalate in frequency and severity – driving more than 65% of all U.S. property losses1, commercial insurers face mounting challenges in underwriting, pricing and portfolio management. Location Intelligence for Commercial helps commercial insurance carriers better assess and spotlight property risks that are highly indicative of loss propensity. To address these blind spots in today's commercial underwriting processes, Location Intelligence for Commercial helps deliver insights using a holistic approach that combines industry loss data that is highly indicative of future loss, weather forensics and granular property characteristics into a suite of predictive modeling risk scores and supporting attributes. The patent-pending solution then adds proprietary claims information and neural network-driven risk propensity models to deliver actionable, future-focused insights directly into commercial insurance carrier workflows for a more detailed and accurate view of commercial property risk. "As opposed to conventional sources of information from basic weather data, roof age and aerial imagery, LexisNexis Location Intelligence represents a new standard for commercial property risk assessment that helps give insurers the actionable intelligence they need for a fuller and more granular view of risk coupled with workflow automation they can actually leverage," said David Zona, senior vice president, commercial insurance, LexisNexis Risk Solutions. "With Location Intelligence, they can better assess risk, such as which 10% of the properties in their book could generate a third of their property losses. This can put them in a unique position to be a customer service leader, proactively working with their customers on risk mitigation and resilience efforts." LexisNexis Location Intelligence capabilities include: Unmatched Predictive Modeling Lift: Can deliver over 20 times the lift2 compared to traditional loss propensity models, enabling commercial insurance carriers to better pinpoint the 10% of properties likely to generate 34% of weather-related losses in the coming year. Multi-Source Intelligence: Synthesizes aerial imagery, LexisNexis Risk Solutions comprehensive claims data, weather events and proprietary information for a more complete, accurate risk profile far beyond what imagery alone can provide and not just a point-in-time snapshot. Automation and Efficiency: Integrates seamlessly into commercial insurance underwriting and renewal workflows, supporting straight-through processing and enabling more efficient, targeted risk control strategies. Transparency and Communication: Provides a more transparent, multi-source approach to risk assessment, positioning commercial insurance carriers to more easily adapt to evolving regulatory requirements and communicate to business owners a more robust view of their commercial property risk, helping to ensure they are adequately insured in the event of a claim. "We understand that insurance underpins the economy, and commercial property insurers need to be able to confidently manage risk and improve profitability as they look to support the nation's small business foundation," continued Zona. "With year-over-year losses and the growing volatility of weather patterns, insurance carriers need more than historical data to win the day. They need forward-looking, actionable insights to better identify underwriting risk and improve profitability so they can continue helping their business customers thrive." For more information, please visit LexisNexis Location Intelligence for Commercial. About LexisNexis Risk SolutionsLexisNexis® 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. 1 LexisNexis Risk Solutions internal study, 20252 LexisNexis Risk Solutions internal study, 2024 Contact: Chas View original content to download multimedia: SOURCE LexisNexis Risk Solutions Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Anti-money Laundering Market by Offering, End User, and Region - Global Forecast to 2030 with LexisNexis, Oracle, FIS, Fiserv, and Jumio Leading
The global Anti-Money Laundering (AML) market is set to expand from USD 4.13 billion in 2025 to USD 9.38 billion by 2030, with a CAGR of 17.8%. The surge in digital payments in regions like Asia Pacific is driving the demand for advanced AML solutions. Institutions are enhancing their transaction monitoring with integrated analytics to combat sophisticated financial crimes. The transaction monitoring segment is growing rapidly, driven by increased regulatory demands and real-time data processing needs. The US dominates the North American market, backed by a robust regulatory framework and extensive financial sector. Key players in the AML industry include LexisNexis, Oracle, FIS, and Fiserv. The report offers insights into market drivers, restraints, opportunities, and competitive strategies. Anti-money Laundering Market Dublin, June 18, 2025 (GLOBE NEWSWIRE) -- The "Anti-money Laundering Market by Offering, End User, and Region - Global Forecast to 2030" report has been added to global AML market size is projected to grow from USD 4.13 billion in 2025 to USD 9.38 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 17.8% during the forecast period. High rates of digital payment adoption in Australia, Singapore, and India have led to the development of more robust compliance infrastructures for monitoring transactions in real-time. The report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the overall AML market and the subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities. The increasing sophistication of financial crimes is leading institutions to construct infrastructure that provides a 360-degree picture of customer and transaction information. This involves combining KYC information, transactional activity, and third-party information across departments to enhance anomaly detection and simplify regulatory reporting, ultimately enhancing AML capabilities. The rise in digital payments and online banking has significantly accelerated financial transactions, posing a significant risk of illegal activities and necessitating robust AML solution, the transaction monitoring segment is expected to grow at the highest CAGR during the forecast transaction monitoring segment is experiencing rapid growth in the AML market, which is being fueled by the rising volume of online transactions and increased regulatory expectations. Banks are facing mounting pressure to identify suspicious activity in real-time, and hence, there is a move toward sophisticated monitoring systems. For example, Citigroup has significantly invested in its compliance in 2023, spent USD 2.9 billion on transformation spend, which had a significant focus on regulatory compliance automation and improving transaction monitoring processes. These investments indicate the requirement for effective, scalable solutions that can process high volumes of transactional data. Financial crimes being increasingly sophisticated and cross-border in nature, real-time monitoring, integrated analytics, and reporting with ease are key features desired by institutions. Thus, transaction monitoring systems are becoming crucial to combat money laundering and are likely to be one of the most vital growth areas in the AML technology US is expected to hold the largest market size in the North American region during the forecast US has the largest market size in the North America region in the AML market because it has a vast financial sector, a strong regulatory environment, and a high risk of financial crime. The US has put in place a strong legal and enforcement framework for AML compliance, such as the Bank Secrecy Act (BSA), the USA PATRIOT Act, and regulations enforced by the Financial Crimes Enforcement Network (FinCEN). These regulations require extensive customer due diligence, transaction monitoring, and reporting of suspicious nation has the world's largest banks and financial institutions that process large volumes of transactions and have operations in multiple markets around the globe, exposing them to a higher risk of money laundering. US regulators have imposed large fines on banks for non-compliance, providing them with powerful incentives to embrace sophisticated AML technologies. Growth in cyber-facilitated financial crimes and the growing popularity of digital payments drove demand for AI- and analytics-driven AML solutions. Along with these, the mature fintech ecosystem and government efforts to upgrade the AML infrastructure contribute to the country's dominance in the AML report provides insights on the following pointers: Analysis of key drivers (increased monetary penalties, regulatory sanctions, and reputational loss due to non-compliance with regulations, rise in focus toward digital payments and Internet banking, and necessity to create infrastructure with a 360-degree view of data in the financial landscape), restraints (increased technological complexities and sophistication of attacks, and budgetary issues in developing in-house fraud detection solutions), opportunities (higher adoption of advanced analytics in AML, integration of AI, ML, and big data technologies in developing AML solutions, adoption of cloud-based AML solutions to combat financial crimes, and increased use of AML in real-estate sector), and challenges (lack of skilled AML professionals with in-depth knowledge, lack of awareness related to government regulations and deployment of AML solutions). Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and product & service launches in the AML market. Market Development: Comprehensive information about lucrative markets - the report analyzes the AML market across varied regions. Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the AML market. Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in AML market strategies, including LexisNexis (US), Oracle (US), FIS (US), Fiserv (US), and Jumio (US). Key Attributes: Report Attribute Details No. of Pages 309 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $4.13 Billion Forecasted Market Value (USD) by 2030 $9.38 Billion Compound Annual Growth Rate 17.8% Regions Covered Global Market Dynamics Drivers Increased Monetary Penalties, Regulatory Sanctions, and Reputational Loss due to Non-Compliance with Regulations Rise in Focus Toward Digital Payments and Internet Banking Necessity to Create Infrastructure with 360-Degree View of Data in Financial Landscape Restraints Increased Technological Complexities and Sophistication of Attacks Budgetary Issues in Developing In-House Fraud Detection Solutions Opportunities Higher Adoption of Advanced Analytics in Aml Integration of AI, ML, and Big Data Technologies in Developing Aml Solutions Adoption of Cloud-based Aml Solutions to Combat Financial Crimes Increased Use of Aml in Real Estate Sector Challenges Lack of Skilled Aml Professionals with In-Depth Knowledge Lack of Awareness Related to Government Regulations and Deployment of Aml Solutions Use Cases Fico Helped 4Finance Increase Efficiency while Maintaining Regulatory Compliance Nice Actimize Helped European Bank Improve Insight into Global Operations Sas Institute Helped Bangkok Bank Stay Ahead of Emerging Risks and Changing Regulations Technological Analysis Key Technologies Transaction Monitoring Systems (Tms) Cdd Solutions Screening Technologies Case Management and Investigation Tools Complementary Technologies AI/ML Data Management & Analytics Identity Technologies Behavioral Analytics Adjacent Technologies Blockchain & Cryptocurrency Fraud Management Systems Regulatory Technology (Regtech) Companies Featured Lexisnexis Oracle Fis Fiserv Jumio Nice Actimize Sas Institute Gb Group PLC Fico Aci Worldwide Experian Wolters Kluwer Transunion Complyadvantage Friss Nelito Systems Comarch Allsec Technologies (Alldigi Tech) Dixtior Temenos Tcs Featurespace Feedzai Napier AI Tier1 Financial Solutions Finacus Solutions Symphonyai Idmerit Informatique-Mtf SA (Imtf) Innovative Systems Sedicii Trulioo Namescan Datavisor Gurucul For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Anti-money Laundering Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
2 days ago
- Business
- Business Insider
LexisNexis is teaming up with Harvey. Here's why that matters for the legal tech market.
After months of corporate courtship and NDA-flavored flirtation, LexisNexis and legal startup Harvey are finally putting a label on it: they've launched a "strategic alliance." The partnership lets Harvey users who also subscribe to LexisNexis access its deep trove of legal content and citations directly within Harvey's app — a hookup that strengthens Harvey's claim as the go-to provider of legal software. The integration launches later this year. Harvey's software assists lawyers with legal drafting and review. However, its product had a gaping hole. It provided users with access to public case law databases but not LexisNexis or Westlaw, which control a majority share of the market for legal information services. With LexisNexis data baked into its interface, Harvey has a stronger case to make to law firms and a better shot at defending its early lead in the legal tech arms race. Founded in 2022, Harvey shot to stardom in the legal tech space with backing from OpenAI and Sequoia. Today, over a quarter of the country's 100 largest law firms count themselves as users. Ropes & Gray — the seventh highest-grossing firm — rolled out Harvey firmwide in June after a year of use with a smaller test group, according to Ed Black, the firm's technology strategy leader. This came on the heels of Paul Weiss announcing it co-developed a custom workflow builder with Harvey. These moves reflect a broader trend in Big Law as more firms shift from cautious pilot programs to full-scale deployments. The change could ratchet up pressure on startups like Harvey, Legora, Hebbia, and Eudia, all vying for the same budgets and attention from top firms and legal departments. Sean Fitzpatrick, CEO of LexisNexis North America, UK, and Ireland, said the idea for the partnership came from customers, many of whom were toggling between the two platforms as part of their regular workflow. He noted that most of Harvey's large law firm clients are also LexisNexis customers. While LexisNexis offers its own tools for drafting and legal research, Fitzpatrick said customers still saw value in having access to both platforms. Harvey is "compensating" LexisNexis for the data, but declined to share any further details In a move that hinted at deeper ties, Relx, the parent company of LexisNexis, invested in Harvey in February through its corporate venture arm, Rev Ventures, which invests in early data and analytics companies across industries. The $300 million round was one of the largest in legal tech history, catapulting Harvey's valuation to $3 billion. But LexisNexis' intentions weren't always so clear. Just a month later, at the Legalweek conference in New York City, Fitzpatrick offered little love for legal tech startups. During a panel, he appeared to downplay the threat of companies like Harvey and Legora while touting his own company's goods. He said that while he couldn't speak for the competition, LexisNexis had one key advantage: data. The company was focused on making sure its chatbot answers were grounded in "authoritative content" — the kind that, in his words, gave the system credibility in a field where "veracity matters … a lot." Harvey CEO Winston Weinberg, in a statement, described the partnership as a step toward more efficient legal workflows. Lawyers will be able to ask Harvey questions in plain English, follow up with clarifying prompts, and get responses linked to primary sources — assuming they're also Lexis subscribers. How seamlessly this works in practice remains to be seen.
