LONDON — LexisNexis® Risk Solutions has been recognised as a category leader for its identity verification solutions in the new Identity Verification (IDV) Solutions 2023 report by Chartis Research. The global data and analytics provider received the highest possible scoring in 8 out of 10 categories reviewed: Use case, biometrics, digital identity/footprint, other types of identity verification (IDV), speed and accuracy, data management framework, solution integration, and packaging and analytics.
Chartis Research defines category leaders as companies that “combine depth and breadth of functionality, technology and content with the required organisational characteristics to capture significant share in their market.” LexisNexis Risk Solutions suite of identity verification solutions include LexisNexis® ThreatMetrix®, LexisNexis® BehavioSec® and LexisNexis® Emailage®.
“Helping companies with identity verification is a vital component of transaction ecosystems within ecommerce, financial institutions and even social media,” said Nick Vitchev, Research Director at Chartis Research. “LexisNexis Risk Solutions impressed us with innovative solutions that play a key role in the IDV solution landscape. Their dedication to providing a well-packaged suite of solutions that encompass both speed and accuracy is reflected in their category leader status.”
Fraudsters are becoming more creative and innovative in their approaches. Verification and authentication methods that formerly worked are now becoming outdated, providing minimal security. Organisations need multi-layered and risk-based identity and authentication solutions that can distinguish between a trusted customer and a fraudster, beginning with account origination through every visit and transaction that follows.“Being recognised by Chartis as an industry leader in the IDV space reflects our commitment to giving customers cutting edge solutions that respond to ever-evolving fraud and financial crime attack vectors,” said Steve Elliot, managing director, UK&I, at LexisNexis Risk Solutions. “Due to the diverse and changing nature of the fraud threat, modern IDV tools must be comprehensive, flexible and configurable to specific needs. This is why adopting a multi-layered, risk-based prevention approach is emerging as a clear leader in the future of identity management authentication.”
LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit LexisNexis Risk Solutions and RELX.
About Chartis Research
Chartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and WatersTechnology. Chartis' goal is to support enterprises as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.