LexisNexis Risk Solutions and Accuity have agreed to merge their operations to establish a combined entity focused on providing financial crime compliance and risk offerings for government and enterprise customers.
Accuity will operate under the LexisNexis Risk Solutions organization as a result of the merger transaction, the companies said in a joint release published Wednesday. Both entities are part of information and analytics services provider RELX (NYSE: RELX), formerly Reed Elsevier.
Accuity provides financial crime screening, financial asset verification, global payment services and fraud prevention platforms for government benefit programs. LexisNexis Risk Solutions provides data analytics tools to help agencies and businesses generate insights to reduce risk and improve the decision-making process.
Haywood Talcove, CEO of the Government Group at LexisNexis Risk Solutions and a 2021 Wash100 Award recipient, said combining the company’s fraud and identity offerings with Accuity’s benefit eligibility compliance platforms offers greater stewardship opportunities to federal and state government clients.
He added that the combined offerings will further improve efforts to counter fraud, abuse and waste across food, health and housing programs, including Medicaid, Temporary Assistance for Needy Families, Unemployment Insurance and Supplemental Nutrition Assistance Program.