Report illustrates the importance of employing
technology that has both the breadth of capability and the access
to the right analytics and insights to effectively defend against
online payment fraud
ATLANTA, July 18,
2023 /PRNewswire/ -- Juniper Research® has recognized
LexisNexis® Risk Solutions as leader in its Online Payment
Fraud: Market Forecasts, Emerging Threats &
Segment Analysis 2023-2028 report, which provides a visual
representation of the competitive positioning of the leaders who
solve for online payments fraud.
"We felt that LexisNexis Risk Solutions has a set of
capabilities across its broad and extensive portfolio that can
cover many of the key issues businesses are facing in the payment
fraud prevention area," said Nick Maynard, Juniper Research's vice president
of fintech market research. "LexisNexis Risk Solutions has
both the breadth of capability and the access to the right
analytics and insights to compete very effectively in online
payments fraud. As such, we believe LexisNexis Risk
Solutions is a very worthy winner of the number one
position."
Analysts reviewed LexisNexis Risk Solutions on its extensive
breadth of online anti-fraud products and
services:
- LexisNexis® Dynamic Decision Platform – Organizations
access LexisNexis Risk Solutions fraud detection and
prevention products via API calls to its Dynamic Decision Platform.
Dynamic Decision Platform uses digital identity intelligence,
behavioral analytics, machine learning and case management for
clients to continually improve their decisions about risk and
trust. It provides enhanced authentication, identity verification
and fraud decisioning and is a core component of
LexisNexis® Digital Identity Network®.
- LexisNexis® Bridger Insight® XG – This
fully integrated compliance platform enables organizations to
consolidate compliance processes, standardize controls and bring
enterprise-wide operational consistency. It boosts the efficiency
of Know Your Customer (KYC) processes by accessing identity
verification, screening, due diligence and fraud
prevention services through a single point of entry for a
consistent user experience. It delivers significant efficiencies to
the screening processes to drive down compliance costs, increase
operational capacity and reduce cycle times.
- LexisNexis® Firco™ Continuity – Firco™ Continuity
is a leading, complete and scalable real-time transaction screening
solution that ensures sanctions compliance and establishes
readiness for regulatory scrutiny. It provides businesses with an
end-to-end solution from the preparation of data to auditing of
transaction screening, including filtering and alert remediation.
Designed with speed, accuracy, flexibility and configurability in
mind, Firco Continuity is available in the cloud or on premise,
easily integrating with existing IT systems and is supported by
technologies that enable optimal performance and scalability.
- LexisNexis® RiskNarrative™ Platform – This orchestration
platform helps solve costly challenges caused by siloed operations
by unifying multiple customer onboarding, compliance and risk-based
workflows within a single Application Program Interface (API) and
platform environment. It delivers a single, real-time view of
customer risk for more effective and continuously responsive,
end-to-end financial crime management. Organizations can expedite
risk decisions through this more holistic view that incorporates
Know Your Customer (KYC), Know Your Business (KYB), Anti-Money
Laundering (AML) activity, identity documentation, behavioral
biometrics and enhanced fraud detection.
"We are so pleased that Juniper Research has recognized
LexisNexis Risk Solutions as a leader in its Online Payment
Fraud report," said Grayson Clarke, senior vice president,
LexisNexis Risk Solutions. "This is reflective of our
ceaseless team effort of diligent work to keep ahead of the
changing fraud landscape through organic, leading-edge
innovation and strategic acquisitions of some of the finest
anti-fraud technology in the world. We're dedicated to
keeping both our clients and consumers safe and this leader ranking
reflects our determination to excel in this area."
Visit LexisNexis Risk Solutions and view 2023 Fraud
and Identity Trends to learn more.
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions includes seven brands that span multiple
industries and sectors. We harness the power of data, sophisticated
analytics platforms and technology solutions to provide
insights that help businesses and governmental entities reduce risk
and improve decisions to benefit people around the globe.
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.
Media Contact:
Marcy
Theobald
678.860.3639
Marcy.theobald@lexisnexisrisk.com
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SOURCE LexisNexis Risk Solutions