LexisNexis Risk Solutions Recognized as a Leader in Digital Fraud Management Analyst Report

Rhea-AI Summary

LexisNexis Risk Solutions has been recognized as a leader in digital fraud management by Forrester Research. The company received the highest scores in 13 of the 20 evaluated criteria, including user management, rule management, and customer authentication policies. LexisNexis offers robust risk-scoring capabilities and recently acquired behavioral biometrics vendor BehavioSec.

Positive

• LexisNexis Risk Solutions received the highest possible scores (5.0) in 13 of the 20 evaluated criteria, demonstrating its strong position in the digital fraud management market.
• The acquisition of BehavioSec enhances LexisNexis' DFM solution and focuses on improving customer experiences and reducing friction and attrition.

Negative

• None.

• Company received highest possible scores (5.0) in 13 of the 20 evaluated criteria.
• Independent research firm recognized the company for its "strong rule and AI-based risk scoring and behavioral biometrics".

ATLANTA, Sept. 5, 2023 /PRNewswire/ -- LexisNexis® Risk Solutions has been named a leader by Forrester Research, Inc. in The Forrester Wave™: Digital Fraud Management (DFM), Q3 2023 report. LexisNexis Risk Solutions received the highest possible scores (5.0) in 13 of the 20 evaluated criteria, including user management, rule management, statistical decisioning, customer authentication policies, integration, vision, roadmap, community and innovation.

According to the Forrester report, "LexisNexis Risk Solutions has strong rule and AI-based risk scoring and behavioral biometrics. LexisNexis Risk Solutions augmented its DFM solution by acquiring behavioral biometrics vendor BehavioSec in May 2022. The vendor's solution focuses on customer digital experiences and reducing friction and attrition." 

The Forrester report also notes that LexisNexis® Risk Solutions, "offers robust user and role management, broad rule-based risk-scoring capabilities including rule induction, device IP and fingerprint hotlists, champion/challenger models, and version-controlled risk scoring…. LexisNexis Risk Solutions is a great fit for enterprises already using the vendor's identity verification or behavioral biometrics solutions."

"At LexisNexis Risk Solutions, we strive to build secure digital interactions for our customers. In doing so, we provide a wide array of data, attributes and risk signals across all customer interaction channels and journeys," said Kimberly Sutherland, vice president of fraud and identity strategy at LexisNexis Risk Solutions. "We appreciate Forrester's acknowledgement.  We believe Forrester is recognizing our success in the DFM space, and we will continue to put customer experience at the center of our vision for the future of fraud and identity."

Through the recently launched LexisNexis® BehavioSec® capability, customers can now leverage behavioral biometric intelligence technology that provides a seamless experience to genuine users, actively identifying threats and protecting customers. LexisNexis® Dynamic Decision Platform, part of  LexisNexis® Digital Identity Network®, is key to the company's ability to provide sophisticated DFM solutions to the market.  LexisNexis® Dynamic Decision Platform uses digital identity intelligence, machine learning, workflow and orchestration and case management for clients to make the most accurate and timely decisions about risk and trust.

Download the full Forrester Wave™: Digital Fraud Management, Q3 2023 report.

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                                                        
LexisNexis® Risk Solutions                                         
678.860.3639
marcy.theobald@lexisnexisrisk.com 

 

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SOURCE LexisNexis Risk Solutions

FAQ

What recognition did LexisNexis Risk Solutions receive from Forrester Research?

LexisNexis Risk Solutions was named a leader in digital fraud management by Forrester Research.

What were the criteria in which LexisNexis received the highest possible scores?

LexisNexis received the highest scores in 13 of the 20 evaluated criteria, including user management, rule management, and customer authentication policies.

What is the significance of the acquisition of BehavioSec?

The acquisition of BehavioSec enhances LexisNexis' DFM solution and focuses on improving customer experiences and reducing friction and attrition.

What capabilities does LexisNexis offer through the BehavioSec capability?

Through the BehavioSec capability, customers can leverage behavioral biometric intelligence technology that provides a seamless experience to genuine users, actively identifying threats and protecting customers.

What is the LexisNexis Dynamic Decision Platform?

The LexisNexis Dynamic Decision Platform uses digital identity intelligence, machine learning, workflow and orchestration, and case management to help clients make accurate and timely decisions about risk and trust.