LONDON — LexisNexis® ThreatMetrix® was honoured with an award for Best Use of AI at the annual Fintech Awards Wales, in Cardiff last night.
ThreatMetrix® is a powerful fraud prevention platform that uses crowdsourced data from around 80 billion global online transactions to help thousands of businesses globally – including all of the top ten UK banks. The solution harnesses intelligence related to devices, locations, identities and past behaviours to enable businesses to confidently build trust with good customers and spot fraudulent activity.
The team at LexisNexis Risk Solutions were also shortlisted in the Fintech for Good category for LexisNexis® RiskView™ UK – a credit risk tool that uses alternative data to enhance scoring and improve access to financial services for everyone.
The judging panel comprised experts from across the fintech sphere, including technologists, early fintech investors and pioneers of some of the UK’s most recognisable challenger brands.
Fintech Awards Wales recognises the achievements of the thriving Fintech sector across the country, bringing Wales’ leading innovators and digital experts together. Managing director of the Fintech Awards Wales, Matthew Hyde said, “As an emerging tech region, Wales has the fastest growing digital economy outside of London and with solid growth of the financial and professional sector, the country is in the midst of a digital revolution. LexisNexis Risk Solutions is one of the leading fintech brands in the region, delivering innovation and digital transformation to its clients across the globe. The judges were thoroughly impressed by the combination of globally-sourced intelligence and powerful machine learning and AI capabilities demonstrated by ThreatMetrix, that makes it clearly stand out in the market.”
Steve Elliot, managing director at LexisNexis® Risk Solutions said, “The recognition we’ve received from the market this year for our solutions has been phenomenal and is a powerful testament to our expertise and market leading innovation. This award for ThreatMetrix underlines perfectly that our solutions help protect businesses and help society as a whole to interact safely, inclusively, and transparently. The Fintech Awards Wales is a rigorous process and we are proud to have achieved this honour in what is a very competitive contest – congratulations to all of the finalists.”
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.