Why did LexisNexis suddenly take Diligence offline? That's the question on my mind, and probably yours too, as client backlogs just keep growing. It's the exact scenario that keeps risk professionals awake at night. A critical platform goes dark. Suddenly, we have zero visibility. Onboarding timelines are slipping away fast.
When LexisNexis Diligence goes offline, your entire operations pipeline freezes. I spent the morning checking status pages, monitoring servers, and talking to colleagues who are watching their due diligence workflows grind to a halt. And let's be honest, it's pretty chaotic out there right now. When you're facing KYC onboarding delays, every hour of waiting costs money. It also erodes client trust. This situation is a stark reminder. A vendor risk assessment is only as strong as that vendor's uptime. Right now, we're all facing severe bottlenecks.
So, what can operations managers do while we wait for the service to return? Here are three practical strategies to keep your team moving forward.
First, reroute high-priority screenings to backup databases immediately. If you have secondary vendor agreements, now's the time to use them. For instance, if you run a light-touch alternative platform for basic checks, use it to pre-screen urgent clients. That way, they don't just sit in limbo.
Second, triage your pending queue by risk profile. Don't let your entire staff stall. Have them isolate the high-risk entities that absolutely need deep verification. Focus instead on processing low-to-medium risk profiles through temporary workarounds. This stops a massive mountain of files from hitting your desk all at once when the system finally comes back online.
Third, use this outage to evaluate a permanent alternative to LexisNexis Diligence. The biggest vulnerability in any compliance workflow is a single point of failure. Build in some redundancy. Integrating a secondary API ensures your Know Your Customer processes stay up, even when your primary provider goes down.
If you're managing these onboarding bottlenecks right now, how's your team adapting? What's your backup strategy when primary systems fail? Share your thoughts below so we can keep the industry moving.