LexisNexis Risk Solutions Announces Definitive Agreement to Acquire IDVerse
LexisNexis Risk Solutions, part of RELX, has announced plans to acquire IDVerse, an AI-powered document authentication and fraud detection solutions provider. IDVerse's technology, launched in 2018, can verify over 16,000 types of identity documents globally and uses deep neural networks to combat fraud and deepfakes.
The acquisition will integrate IDVerse's capabilities across LexisNexis' platform, enhancing their document authentication solutions with advanced AI-powered technology. The combined solution will focus on improving fraud detection, global document authentication, and consumer protection. The transaction is expected to close in early 2025, subject to regulatory approvals.
LexisNexis Risk Solutions, parte di RELX, ha annunciato piani per acquisire IDVerse, un fornitore di soluzioni per l'autenticazione dei documenti e la rilevazione delle frodi basato su intelligenza artificiale. La tecnologia di IDVerse, lanciata nel 2018, è in grado di verificare oltre 16.000 tipi di documenti d'identità a livello globale e utilizza reti neurali profonde per combattere le frodi e i deepfake.
L'acquisizione integrerà le capacità di IDVerse nella piattaforma di LexisNexis, migliorando le loro soluzioni di autenticazione dei documenti con tecnologia avanzata basata su intelligenza artificiale. La soluzione combinata si concentrerà sul miglioramento della rilevazione delle frodi, dell'autenticazione globale dei documenti e della protezione dei consumatori. Si prevede che la transazione si chiuda all'inizio del 2025, soggetta alle approvazioni normative.
LexisNexis Risk Solutions, que forma parte de RELX, ha anunciado planes para adquirir IDVerse, un proveedor de soluciones de autenticación de documentos y detección de fraudes impulsado por inteligencia artificial. La tecnología de IDVerse, lanzada en 2018, puede verificar más de 16,000 tipos de documentos de identidad a nivel mundial y utiliza redes neuronales profundas para combatir el fraude y los deepfakes.
La adquisición integrará las capacidades de IDVerse en la plataforma de LexisNexis, mejorando sus soluciones de autenticación de documentos con tecnología avanzada impulsada por inteligencia artificial. La solución combinada se centrará en mejorar la detección de fraudes, la autenticación global de documentos y la protección al consumidor. Se espera que la transacción se cierre a principios de 2025, sujeta a aprobaciones regulatorias.
LexisNexis Risk Solutions는 RELX의 출자회사로, AI 기반의 문서 인증 및 사기 탐지 솔루션 제공업체인 IDVerse 인수 계획을 발표하였습니다. 2018년에 출시된 IDVerse의 기술은 전 세계적으로 16,000종 이상의 신원 문서를 검증할 수 있으며, 사기 및 딥페이크에 맞서 싸우기 위해 심층 신경망을 사용합니다.
이번 인수로 IDVerse의 기능이 LexisNexis 플랫폼에 통합되어 첨단 AI 기술로 문서 인증 솔루션이 강화됩니다. 결합된 솔루션은 사기 탐지, 글로벌 문서 인증 및 소비자 보호 개선에 중점을 두게 됩니다. 거래는 규제 승인을 조건으로 2025년 초에 마무리될 것으로 예상됩니다.
LexisNexis Risk Solutions, qui fait partie de RELX, a annoncé son intention d'acquérir IDVerse, un fournisseur de solutions d'authentification de documents et de détection de fraude alimenté par intelligence artificielle. La technologie d'IDVerse, lancée en 2018, peut vérifier plus de 16 000 types de documents d'identité dans le monde entier et utilise des réseaux neuronaux profonds pour lutter contre la fraude et les deepfakes.
Cette acquisition intégrera les capacités d'IDVerse sur la plateforme de LexisNexis, améliorant leurs solutions d'authentification de documents grâce à une technologie avancée basée sur l'intelligence artificielle. La solution combinée se concentrera sur l'amélioration de la détection des fraudes, de l'authentification mondiale des documents et de la protection des consommateurs. La transaction devrait être finalisée début 2025, sous réserve des approbations réglementaires.
LexisNexis Risk Solutions, Teil von RELX, hat Pläne zur Übernahme von IDVerse angekündigt, einem Anbieter von KI-gestützten Lösungen zur Dokumentenauthentifizierung und Betrugserkennung. Die Technologie von IDVerse, die 2018 eingeführt wurde, kann weltweit über 16.000 Arten von Identitätsdokumenten verifizieren und nutzt tiefe neuronale Netzwerke zur Bekämpfung von Betrug und Deepfakes.
Die Übernahme wird die Fähigkeiten von IDVerse in die Plattform von LexisNexis integrieren und deren Dokumentenauthentifizierungslösungen mit fortschrittlicher KI-Technologie verbessern. Die kombinierte Lösung wird sich darauf konzentrieren, die Betrugserkennung, die globale Dokumentenauthentifizierung und den Verbraucherschutz zu verbessern. Es wird erwartet, dass die Transaktion Anfang 2025 abgeschlossen wird, vorbehaltlich der behördlichen Genehmigungen.
- Integration of IDVerse's AI technology enhances LexisNexis' fraud detection capabilities
- Expands verification capacity to over 16,000 types of identity documents globally
- Strengthens existing platform through integration of complementary technology
- IDVerse's solutions are already available on LexisNexis platform, reducing integration risks
- Transaction costs not disclosed, creating uncertainty about financial impact
- Regulatory approval pending, introducing closing risk
- Integration completion timeline extends into 2025
Insights
This strategic acquisition strengthens RELX's position in the rapidly growing digital identity verification market. The integration of IDVerse's AI capabilities into LexisNexis Risk Solutions' existing platform represents a significant technological advancement, particularly in combating sophisticated AI-generated fraud. The pre-existing alliance relationship reduces integration risks and suggests immediate revenue synergies post-acquisition.
The deal enhances RELX's competitive moat in the risk solutions sector by adding advanced document authentication capabilities covering 16,000+ identity document types globally. This expansion is particularly valuable as regulatory requirements for KYC/AML compliance continue to increase worldwide. While financial terms weren't disclosed, this acquisition should contribute positively to RELX's recurring revenue model and operating margins given the SaaS nature of IDVerse's solutions.
IDVerse's deep neural network technology for document verification and biometric matching represents cutting-edge AI implementation in fraud detection. The self-learning AI models that automatically update to combat new fraud schemes are particularly valuable in the arms race against deepfakes and synthetic identity fraud. The technology's ability to verify over 16,000 document types demonstrates impressive scalability and robust training data utilization.
The integration into LexisNexis' existing platform should accelerate deployment capabilities while leveraging RELX's vast data networks to enhance AI model accuracy. This combination creates a powerful synergy between IDVerse's advanced AI capabilities and LexisNexis' extensive risk intelligence infrastructure, positioning them well against emerging AI-powered fraud threats.
Acquisition will expand LexisNexis Risk Solutions' capabilities in risk and fraud solutions and enhance digital identity onboarding and identity verification through IDVerse's AI-powered technology.
Founded in
LexisNexis Risk Solutions is renowned for leveraging advanced technology, analytics and global data networks to provide organizations with critical risk insights. Its leading capabilities enable better decision making and outcomes for clients globally and protect customers from cybercrime.
Enhancing Document Authentication and Fraud Prevention
LexisNexis Risk Solutions has delivered document authentication solutions since 2005. Combining IDVerse's advanced technology with its existing complementary offerings represents a natural evolution in addressing AI-generated fraud.
IDVerse's solutions are already available through LexisNexis Risk Solutions' platform, pursuant to a pre-existing alliance agreement. The acquisition will integrate IDVerse's capabilities across solutions and will enhance customer readiness for future fraud threats through advanced AI-powered solutions, including:
- Societal Benefits: Enhancing risk insights to further protect consumers, promote financial inclusion for trusted consumers, and facilitate a more optimal risk posture for organizations globally.
- Continued Adaptability: Combining LexisNexis Risk Solutions' identity verification capabilities with IDVerse's AI-powered technology to address evolving customer needs and emerging fraud threats.
- Global Document Authentication Capabilities: Expansion of LexisNexis Risk Solutions' global approach to identity verification will enable stronger defenses against AI-generated fraud.
- Advanced Fraud Detection: IDVerse's self-learning AI technology updates its fraud models automatically, allowing for a rapid response to new fraud schemes worldwide. Its advanced accuracy will deliver improved and more comprehensive identity verification for clients.
Rick Trainor, CEO of Business Services for LexisNexis Risk Solutions, stated, "AI-powered solutions are necessary to counter the threat of AI-generated fraud attacks, including deepfakes. Integrating IDVerse's advanced and complementary technology will further enhance our ability to provide the risk insights our clients need to defend against bad actors today and into the future – regardless of where our clients are in the world or where they do business."
John Myers, CEO of IDVerse, added, "LexisNexis Risk Solutions has been at the forefront of enabling compliance and lowering risk for businesses worldwide for decades. We're looking forward to seeing the impact our combined solutions and technology can make in improving outcomes for our clients against a fast-changing risk landscape."
Commenting on the acquisition, Julie Conroy, chief insights officer at industry analyst firm Datos Insights, said, "Crime rings have been steadily increasing their use of sophisticated automation and AI in their attacks for years, which hinders many of the traditional risk controls. It takes AI to fight AI, especially as firms look to balance a robust risk posture alongside a good customer experience. AI-powered document verification represents this kind of balance."
Closing of the transaction is subject to customary regulatory consents and is expected in early 2025. The terms of the transaction have not been disclosed.
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro
About RELX
RELX is a global provider of information-based analytics and decision tools for professional and business customers. RELX serves customers in more than 180 countries and has offices in about 40 countries. It employs more than 36,000 people over
About IDVerse
IDVerse provides tools and infrastructure that help empower the identity verification industry, enabling businesses to verify anyone's identity within seconds using only their face and smartphone. IDVerse harnesses the power of regenerative AI to not only fight fraud and deepfakes but also significantly reduce associated risks. IDVerse is trusted by financial institutions, fintech, the public sector and global enterprises with offices in
Media Contacts:
LexisNexis Risk Solutions
Ade O'Connor
+44 78 9091 8264
Ade.O'Connor@lexisnexisrisk.com
IDVerse
Matt Ingman
media@idverse.com
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SOURCE LexisNexis Risk Solutions
FAQ
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