Alleged compliance breaches have led to combined fines and settlements worth hundreds of millions of dollars in Q2 of 2023. Regulators have taken enforcement action against companies over their activities in jurisdictions spanning four continents. In this blog...
A multinational telecommunications company has pleaded guilty to breaching the anti-bribery provisions of the US Foreign Corrupt Practices Act and must pay a $206 million penalty. In this blog, we look at the judgement by the US Department of Justice, and highlight...
What is your reputation worth? While reputation can be difficult to quantify, a study by the World Economic Forum suggests that more than 25% of market value can be attributed to an organization’s reputation. Particularly in the financial service industry...
A McKinsey article on use of AI in the insurance industry calls data and analytics capabilities “table stakes” in the sector in Europe and North America. The article notes that “External data are the ‘fuel’ that is unlocking the value...
Over the past few months, companies from a wide range of jurisdictions and industries had to pay hundreds of millions of dollars in fines for alleged failures of compliance and due diligence. In this blog, we dive deeper into some of these enforcement actions and...
Did you know that manufacturing leaders are 2.5 times more likely to put data and technology investments ahead of cost reduction efforts? There’s a good reason: Making data-driven decisions—supported by artificial intelligence applications—can...
Environmental, social and governance (ESG) performance plays a critical role in how consumers, employees and investors are making business decisions. In fact, When Edelman released its 22 nd annual Trust Barometer this year, they found that 60% of employees and...
Futurist and data technology expert Bernard Marr notes that as much of 90% of data being generated daily is unstructured and the volume is growing at a rate of 55 to 65% a year. It represents mountains of data going largely unused, until recently. But as organizations...
While global supply chain risk is certainly not new, our need and ability to identify and assess it quickly affects every facet of our businesses. From the ESG expectations of consumers and the increasing global regulations to company board and c-suite expectations...
We are already more than halfway through 2023, so if your business isn’t up to date on all the newest trends and shortcuts in the realm of risk mitigation and compliance, suffice it to say you’re falling behind. This year, there is an even greater...
Which financial institutions are most likely to thrive and lead in the future? The smart money says it will be the ones that swiftly, successfully adopt and master new technologies. One perfect place this theory is playing out: the increasingly complex regulatory...
Today's financial institutions have it tough. Compliance requirements are becoming almost impossibly rigorous. Data is growing exponentially, both in terms of sheer volume and number of sources. Financial crime is on the rise and is so hard to combat, it often...
“A picture is worth a thousand words.” This saying has survived the test of time for a reason. Images were, after all, the first way that people preserved their experiences for future generations. Neanderthals created the earliest cave paintings approximately...
Organizations are facing more calls for Environmental, Social and Governance (ESG) accountability than possibly ever before. Investors want to know that the companies they own stock in are good stewards of the earth and responsible corporate citizens. Likewise...
What comes to mind when you think of LexisNexis? If I were to ask you to describe our solutions, you might sum them up as research platforms used by colleges, law firms and corporations for academic, legal, or enterprise research. And you’d be right. But...