LexisNexis® Risk Solutions has recently been recognized as a leader in the Financial Crime Compliance Technology: Watchlist Screening Edition report from Celent. The company’s LexisNexis® Firco™ Continuity product was analyzed in detail and received top honors for its highly scalable real-time transaction filtering and support for both private and public cloud deployment.
Celent praised Firco Continuity as an industry-standard sanction screening solution that is optimized for real-time transaction filtering. The software also offers seamless integration with SWIFT to facilitate international wire transfers.
Neil Katkov, Director in Celent’s Risk practice, highlighted the recent upgrades made to the software in 2023, which include enhancements for Kubernetes-enabled cloud deployment and increased scalability to over 40 million transactions per day. Matt Michaud, Global Head of Financial Crime Compliance at LexisNexis Risk Solutions, emphasized the trust placed in Firco Continuity by eight of the world’s top 10 banks, stating that the recent enhancements were designed to meet the evolving needs of top tier customers, providing scalability and flexibility in deployment options.
The recognition as a Luminary in the Celent report is a testament to LexisNexis Risk Solutions team’s hard work and collaboration with customers to deliver cutting-edge solutions that support them navigate a changing regulatory landscape.
