LexisNexis Risk Solutions launches Australian cloud facility to enhance localized risk services

LexisNexis Risk Solutions, a global provider of data analytics and risk assessment services, has established its first cloud hosting facility in Australia. This strategic move is designed to support the delivery of localized risk orchestration services, marking a significant commitment to the region.

The newly launched facility is powered by advanced technology aimed at enhancing service delivery. This includes reduced latency, improved load times, and responsive rates, which are crucial for businesses handling sensitive data. The facility also simplifies compliance procedures, utilizing the LexisNexis RiskNarrative platform. This platform enables businesses to integrate multiple information sources seamlessly, aiding in real-time, informed risk decision-making and enhancing customer journey experiences.

Organizations utilizing this facility will benefit from a holistic approach to risk management. The platform integrates processes such as Know Your Customer (KYC), Know Your Business (KYB), anti-money laundering (AML) activities, identity documentation, biometrics, and enhanced fraud detection—all within a single API and platform environment.

The establishment of LexisNexis’s cloud hosting facility in Australia is a testament to the company’s foresight in recognizing the growing need for localized, efficient, and comprehensive risk management solutions. This facility not only meets the high standards of data governance and privacy required in today’s digital age but also positions LexisNexis as a leader in innovative risk management solutions in the Asia-Pacific region.

Konstantin Poptodorov, Director for Australia and New Zealand at LexisNexis Risk Solutions, emphasized the importance of supporting businesses amid increasing compliance demands and the need for robust data governance. “This launch demonstrates our commitment to providing innovative and comprehensive solutions for the local business community as we strive to build better and safer digital experiences,” said Poptodorov.

The facility boasts a high level of security, complying with several key regulatory standards, including ISO 27001, CSA certification, and HIPAA. These certifications ensure that the data handled by LexisNexis meets the strictest security and privacy standards.

LexisNexis Risk Solutions’ new cloud hosting facility in Australia is a crucial development for businesses in the region, offering them a scalable and secure platform to manage risk effectively. This initiative not only enhances the company’s service offerings but also solidifies its position as a leader in the risk management sector.