KuppingerCole names LexisNexis® Risk Solutions as a leader for fraud reduction

LexisNexis® Risk Solutions named an Overall Leader for Fraud Reduction Technologies in latest KuppingerCole Leadership Compass Report.
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In its latest Leadership Compass report on Fraud Reduction Intelligence Platforms (2023), KuppingerCole Analysts AG underlines the importance of companies operating multi-layered controls to detect and prevent fraud.

The report highlights that as financial services companies fortify their fraud defences, fraudsters are increasingly turning their attention to broader industries. The research also reveals ATO and Account Opening Fraud as the most prevalent types of fraud.

Aside from having the right functionality, KuppingerCole recognises the importance of fraud reduction platforms being user-friendly; able to integrate effectively with existing technology and solutions that companies have in place; and agile enough to grow with a company and its evolving needs.

According to KuppingerCole, LexisNexis® Risk Solutions "addresses all the major fraud reduction technologies with a comprehensive array of solutions".

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Fraud Reduction Intelligence Platform solutions

Fraud Reduction Intelligence Platform (FRIP) solutions employ real-time risk analytics and decisioning, and generally provide up to six major functions:

Identity Proofing

Credential Intelligence

Device Intelligence

User Behavioural Analysis

Behavioural Biometrics

Bot Detection and Management

Orchestration platforms such as LexisNexis® RiskNarrative™ cover all the above-mentioned functions and can help with reducing complexity and end-to-end fraud management.

LexisNexis® RiskNarrative™

"Any organisation in any industry should have LexisNexis® Risk Solutions on their shortlist when searching for fraud reduction technologies".

John Tolbert, Lead Analyst & Managing Director, KuppingerCole Analysts AG

Contact LexisNexis® Risk Solutions to find out more

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