MeridianLink is proud to announce a new partner integration with LexisNexis® Risk Solutions, a leader in providing essential information to help customers across multiple industries, including financial services, predict and manage risk with targeted solutions, powerful data linking, and advanced analytics.
How to Leverage This Integration
If your financial institution uses MeridianLink® Collect or MeridianLink DecisionLender® you can leverage this integration to streamline ID authentication, ID verification, and OFAC checks for collections, origination services, and underwriting.
Using LexisNexis Risk Solutions within the MeridianLink platform connects you to globally-sourced identity, compliance, and transaction risk intelligence, providing actionable insights that help improve decision-making for your institution and increase access to financial products and services for consumers.
Increasing Financial Transparency & Inclusion
In a recent report on financial transparency and inclusion, LexisNexis Risk Solutions found that many financial institutions turn away significant numbers of potential consumers due to current Know Your Customer (KYC) processes, which require FIs to verify the identity of each applicant, review their financial activities, and assess their risk for financial crimes. This can be challenging for consumers with a thin credit file or who operate a cash-based business.
Improving an FI’s ability to verify consumer information not only maximizes the speed of consumer acquisition and ensures compliance, it also helps increase access to financial services for the 1.4 billion unbanked individuals worldwide. This directly supports MeridianLink’s mission to democratize financial services technology and data so our customers can focus on what’s truly important: their employees, consumers, and communities.
Learn More About MeridianLink Partners
Visit the MeridianLink Partner Marketplace to learn more about LexisNexis Risk Solutions and our 500+ integration partners whose solutions span the digital lending experience.
