KuppingerCole names LexisNexis® Risk Solutions as a leader for fraud reduction
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".
Fraud Reduction Intelligence Platform solutions
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.
"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
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