Analyst Firm Recognizes Achievements in the
Global Fraud Detection and Prevention Industry
ATLANTA, Sept. 13,
2023 /PRNewswire/ -- LexisNexis® Risk Solutions has
received a Best Practices Company of the Year Award in the global
fraud detection and prevention industry from Frost
& Sullivan.
This top honor recognizes LexisNexis Risk Solutions for its
visionary innovation, market-leading performance and unmatched
customer care. Frost & Sullivan independently evaluated
nominated organizations against multiple criteria across the
customer impact and visionary innovation and performance
categories.
LexisNexis Risk Solutions received praise for empowering small
and large enterprises with data and analytics-based insights,
enabling them to prevent fraud and financial crimes
while helping them meet regulatory requirements.
"The product portfolio of LexisNexis Risk Solutions, guided
by its vision to support customers with risk appropriate
fraud and identity workflows, caters to the entire
customer interaction channel and customer journey," said
Deepali Sathe, senior industry
analyst at Frost & Sullivan. "Utilizing its digital
network and consortium of customers, the company offers real time
and privacy-centric sharing of fraud feedback. This
shared intelligence adds value by enabling better protection
against fraudulent activity that may have affected another customer
in the network."
Frost & Sullivan highlighted the attributes of LexisNexis®
ThreatMetrix® in providing companies with protection against
fraud across the customer lifecycle. ThreatMetrix®
used embedded machine learning and insights, sourced from 96
billion transactions and nine billion unique devices in 2022 alone
to authenticate customers. This solution allows organizations to
introduce the appropriate level of security-related friction to
each interaction.
It also recognized the value of LexisNexis® Emailage® for
email address-based risk assessment and LexisNexis®
BehavioSec® for behavioral biometrics, offering customers a
more comprehensive portfolio to detect and prevent fraudulent
activity. It also recognized the value of solutions
including LexisNexis® Emailage® for email address-based
risk assessment, LexisNexis® Phone Finder for phone-based risk
assessment, and LexisNexis® InstantID® and the
LexisNexis® Fraud Intelligence analytic model for
know your customer (KYC) identity verification and
fraud detection.
"We are proud that Frost & Sullivan recognized LexisNexis
Risk Solutions and our work in fraud detection and
prevention with a Best Practices Company of the Year
Award," said Kimberly
Sutherland, vice president of fraud and
identity strategy for LexisNexis Risk Solutions. "We are
particularly pleased Frost & Sullivan highlighted our
customer-centric approach and how our products and services help
drive their revenue and growth. Recognition from such an esteemed
industry analyst firm will only drive our team on further in
helping organizations worldwide to identify and protect their
customers from bad actors."
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
678.694.6681
Marcy.Theobald@lexisnexisrisk.com
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SOURCE LexisNexis Risk Solutions