CoreStream GRC, the leading flexible, intuitive Governance, Risk, and Compliance (GRC) platform, has an integration with LexisNexis® Regulatory Compliance, a global leader in legal and regulatory intelligence, to enhance sanctions and adverse media screening in its Third-Party Risk Management (TPRM) solution.
This integration allows CoreStream GRC users to automatically leverage trusted data from LexisNexis during the third-party due diligence process, helping ensure compliance with global sanctions and regulatory requirements. By combining dynamic questionnaires with real-time data sources like LexisNexis, CoreStream GRC provides organizations with a more holistic view of their third-party risk landscape.
“At CoreStream, we believe better decisions come from better data,” said Paul Cadwallader, GRC Strategy Director at CoreStream GRC.
“Our integration with LexisNexis is a significant step in providing a single source of truth to our customers. We’re proud to partner with an organization of LexisNexis’ caliber, bringing their trusted insights directly into the workflows of our clients and empowering smarter, faster compliance decisions.”
The partnership is part of CoreStream GRC’s broader commitment to flexibility and value in the GRC ecosystem. In addition to LexisNexis, CoreStream integrates with a wide range of data sources including Dow Jones, DnB, ClarifiedBy, BvD, RDC, Exiger, Neotas, LSEG, and more, ensuring every client can tailor their GRC program to fit their exact needs.
LexisNexis brings decades of expertise and cutting-edge technology to this collaboration, including tools powered by machine learning, natural language processing, and AI.
By embedding LexisNexis’ world-class content and analytics directly into the CoreStream GRC platform, organizations gain a scalable, automated, and defensible approach to third-party due diligence, ensuring compliance, protecting brand reputation, and streamlining operations. Automated, and defensible approach to third-party due diligence, ensuring compliance, protecting brand reputation, and streamlining operations.
“The integration between CoreStream GRC and LexisNexis has transformed how we approach third-party due diligence. Having access to real-time sanctions and adverse media data directly within our TPRM workflows means we can make faster, more informed decisions. It’s streamlined our process and given us the confidence that we’re not missing critical risk indicators.”
About CoreStream GRC
CoreStream GRC is a flexible, intuitive, and no-code GRC platform that empowers organizations to manage risk and compliance their way. Trusted by global brands including the BBC, Deloitte, NHS, PwC Middle East, and Shell Energy, CoreStream transforms governance from an administrative burden into a strategic advantage.
About LexisNexis Regulatory Compliance
LexisNexis is a leading global provider of legal and regulatory intelligence. LexisNexis delivers business information and decision-making tools to support fair, efficient outcomes, all while promoting the advancement of the Rule of Law through Applied Legal Intelligence.
Frequently Asked Questions (FAQs)
1. What does the CoreStream GRC and LexisNexis integration do?
The integration enhances CoreStream GRC’s Third-Party Risk Management (TPRM) solution by embedding LexisNexis’ trusted sanctions and adverse media screening data directly into the platform, enabling more comprehensive and automated third-party due diligence.
2. How does this integration benefit CoreStream GRC users?
Users can automatically access real-time, trusted data during their third-party due diligence process, ensuring compliance with global sanctions and regulatory requirements while gaining a more complete view of third-party risk.
3. What kind of data and technology does LexisNexis provide?
LexisNexis offers decades of expertise with advanced technology including machine learning, natural language processing, and AI-powered tools to deliver accurate, timely sanctions and adverse media information.
4. How does the integration improve third-party risk workflows?
By embedding LexisNexis content and analytics within CoreStream workflows, organizations benefit from a scalable, automated, and defensible approach to due diligence, speeding decision-making and enhancing risk oversight
6. Can this integration reduce manual work in risk assessments?
Yes, it automates the retrieval of critical sanctions and adverse media data, reducing the need for manual checks and streamlining the third-party risk assessment process.
