How does Existence compare to NetReveal Customer Due Diligence?

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The table below summarises some key information about Existence from LexisNexis Risk Solutions and NetReveal Customer Due Diligence from SymphonyAI, giving you some points to compare.

	Existence	NetReveal Customer Due Diligence
Product Use-cases	KYC	KYC
Product Description	LexisNexis Risk Solutions' Existence platform provides advanced verification tools to confirm the legitimacy of businesses and individuals. By leveraging global data sources and proprietary analytics, the platform identifies discrepancies, detects potential risks, and ensures compliance with regulatory requirements. Existence integrates seamlessly into onboarding and risk assessment workflows, enabling organizations to prevent fraud, enhance operational efficiency, and build trust with clients and partners. Its real-time verification capabilities empower businesses to make informed decisions quickly and confidently.	NetReveal Customer Due Diligence (CDD) by SymphonyAI streamlines Know Your Customer (KYC) and CDD operations using AI-driven name screening. It removes customer friction points, reduces false positives by 50%, and captures genuine risk through flexible list integration and real-time screening against sanctions, politically exposed persons (PEP), and adverse media sources. The solution ensures continuous vigilance and prioritizes compliance, enabling organizations to maintain regulatory adherence efficiently. :contentReference[oaicite:1]{index=1}
Vendor	LexisNexis Risk Solutions	SymphonyAI
Vendor Awards	🏆 Ranked - Strong Performer by Forrester (2024) 🏆 Best Overall AI Company by AI Breakthrough Awards (2024) 🏆 Named on RegTech100 by FinTechGlobal (2024) 🏆 Financial Crime and Compliance50 2024 - Ranked 4 by Chartis (2024) 🏆 RiskTech100 2024 - Ranked 13 by Chartis (2024)	🏆 Ranked - Contender by Forrester (2024) 🏆 Named on RegTech100 by FinTechGlobal (2024) 🏆 RiskTech AI 50 2024 - Ranked 15 by Chartis (2024)
Vendor Headquarters	United States	United States
Vendor Founded	1970	2017
About the vendors	LexisNexis Risk Solutions is a global data and analytics company that provides information-based analytics, decision tools, and data management services to help organizations make informed decisions, stay compliant, reduce risk, and improve operations	SymphonyAI offers AI-driven, industry-specific applications. Their focus in the risk space is financial crime, focussed on the financial services sector.
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