LexisNexis® Risk Solutions provides powerful insights for timeshare compliance and growth
Companies that offer timeshares and vacation properties need to implement powerful risk management solutions to ensure compliance with Office of Foreign Assets Control (OFAC), Anti-Bribery and Corruption (ABC) and Anti-Money Laundering (AML) regulations. They also need products that deliver reliable credit risk decisioning and smart marketing to make sure they are properly pre-screening potential customers before investing money to engage them. LexisNexis products give you a solid view of a customer’s financial profile to help you decide whether to permit them to buy in.
Our solutions can help you:
- Gain real-time visibility into multiple areas of risk across your entire business
- Assess consumer creditworthiness and risk potential
- Enhance internal credit scoring models
- Strengthen regulatory compliance
Compliance
- Efficiently screen customers and continually monitor your loyalty database against global sanctions lists to comply with OFAC, Bank Secrecy Act (BSA) and related regulations
- Perform due diligence on customers to meet Know Your Customer (KYC) requirements and mitigate risk exposure
- Identify customers that may pose risk with insights into Politically Exposed Persons (PEP) and individuals and entities involved in bribery and corruption
- Use powerful tools and services to research vendors and suppliers to verify legitimacy and financial stability of their businesses and strengthen compliance
Customer Acquisition and Retention
- Build, maintain and enhance customer records in your customer database
- Maintain accurate, up-to-date contact information for your customers
- Aggregate/integrate information from disparate databases into a single 360-degree view of customer activities
- Increase the ROI of your CRM programs
Security and Loss Prevention
- Employ powerful investigative tools and data to protect against theft, fraud and physical risks
- Verify and authenticate customer identities and prevent unauthorized access to accounts
- Manage your agent network and reduce financial losses due to conflicts of interest
Credit and Collections
- Improve risk and credit decisioning using online, batch and XML tools to continually assess evolving risks and creditworthiness of your customers
- Empower your account managers with the most recent information about your customers to drive better decisions
- Strengthen collections and reduce financial losses by using information from thousands of public records sources to locate debtors and assess their ability to repay