LexisNexis Risk Solutions

Global financial crime compliance costs for financial institutions totals more than $206 billion, according to LexisNexis® Risk Solutions released on Wednesday. The cost is comparable to more than 12 percent of global research and development (R&D) expenditure and equates to $3.33 per month for each working-age individual on earth.

As the paradigm for customer engagement evolves, flexibility becomes crucial in addressing regulatory requirements that change daily and sometimes hourly. Achieving the next phase of customer engagement in the digital world requires organizations to elevate the customer experience without creating unnecessary friction in the customer journey. Companies that…