Welcome to our dedicated page for RELX PLC news (Ticker: RELX), a resource for investors and traders seeking the latest updates and insights on RELX PLC stock.
RELX PLC (LSE: REL, NYSE: RELX) is a British multinational information and analytics company headquartered in London, England. As a global provider of information-based analytics and decision tools, RELX caters to professional and business customers across various industries. The company's core operations span scientific, technical, and medical information and analytics, legal information and analytics, decision-making tools, and the organization of exhibitions.
One of RELX's key business segments includes LexisNexis Risk Solutions, which recently announced the availability of LexisNexis® Flyreel® for the commercial insurance market. This advanced property survey solution utilizes AI-driven insights to help carriers assess property risk efficiently. The solution has already gained momentum in the home insurance market and is now expanding into commercial property insurance, helping carriers streamline underwriting programs through AI-enabled automation.
RELX has a significant presence in North America, generating around 60% of its revenue from the region. Europe contributes approximately 20% to the company's revenue. The company's impact extends to organizing large-scale digital and face-to-face events such as industry trade shows, exemplified by recent events like WEPACK 2024, a major packaging industry exhibition held in Shenzhen, China.
RELX continues to innovate in various fields, as highlighted by LexisNexis Risk Solutions' ranking as a leader in Product Vitals in Javelin Strategy & Research's 2024 Authentication and Identity-Proofing Vendor Solutions Scorecard report. Additionally, RELX's commitment to the packaging industry is evident through its organization of events like WEPACK, which showcases global packaging industry innovations.
Financially, RELX maintains a robust balance sheet, supported by its diverse and stable revenue streams. The company's ongoing projects and strategic partnerships are aimed at driving growth and maintaining its leadership position in information and analytics.
For more information, visit the RELX website.
LexisNexis Risk Solutions has released the Alternative Credit Data Impact Report, highlighting that nearly all surveyed financial institutions report a revenue increase of at least 15% due to alternative data usage. The report reveals that 84% of respondents utilize alternative credit data, particularly in assessing deep subprime and near-prime consumers. It emphasizes the need for financial inclusion, with 37% of leading adopters prioritizing this goal. Although larger banks are more satisfied with alternative data, challenges remain. The report aims to enhance credit risk assessments and improve customer experiences across the finance sector.
Arkose Labs has appointed Frank Teruel as its new Chief Financial Officer (CFO), effective February 7, 2023. Teruel joins the Executive Leadership Team, reporting to CEO Kevin Gosschalk. With over 20 years in cybersecurity and identity, he previously served as CFO at Mitek Systems (NASDAQ: MITK) and played a key role in the $830 million sale of ThreatMetrix to RELX. Teruel is expected to enhance Arkose's financial processes, supporting its commitment to high growth and profitability. His industry expertise is viewed as a competitive advantage amidst growing cybersecurity threats.
On February 7, 2023, LexisNexis, part of RELX, announced a definitive agreement to acquire Aistemos Limited, enhancing their flagship PatentSight IP analytics solution. Cipher, Aistemos's classification platform, employs AI and machine learning to classify patents, providing strategic insights for IP decisions. The acquisition aims to integrate these capabilities into PatentSight, allowing for custom technology taxonomies. The transaction awaits customary regulatory approvals and is expected to finalize in Q1 2023. Financial details remain undisclosed.
LexisNexis Risk Solutions has been recognized in The Forrester Wave™: Identity Verification Solutions, Q4 2022, receiving top ratings in 17 evaluation criteria. The report assessed current offerings, strategy, and market presence. LexisNexis scored 5.0 in 10 out of 11 criteria in Current Offering and achieved top ratings in five Strategy categories. This recognition reflects the company's commitment to enhancing consumer trust through advanced fraud risk and identity verification tools. Recent acquisitions, including ThreatMetrix and BehavioSec, bolster its capabilities, providing impactful insights for companies combating fraud.
Cirium, a leader in aviation analytics, has expanded its decade-long partnership with Amadeus by integrating its advanced flight schedules data into the Amadeus Travel Platform. This integration aims to enhance the flight search and booking experience for travel sellers and travelers alike. Cirium's comprehensive dataset covers over 900 airlines and is designed to improve data accuracy and customer service for Amadeus clients in the travel industry. The integration is expected to unlock new market opportunities and maximize revenue while enhancing the overall travel experience.
The Cirium Fleet Forecast predicts a demand for approximately 44,500 new aircraft over the next two decades, valued at US$2.9 trillion. This includes a projected 3.6% annual growth in passenger traffic, particularly in China, which is expected to account for 19% of global deliveries by 2041. Single-aisle jets are forecasted to make up 70% of deliveries, with older models being retired. The ongoing freighter boom anticipates the supply of 3,560 freighters. The report suggests an uneven but significant recovery from the Covid-19 pandemic, aligning with a return to traditional growth paths by 2025.
Delta Air Lines has secured the Cirium Platinum Award for global operational excellence for the second consecutive year, showcasing strong on-time performance amid a challenging operational landscape.
Azul Airlines was recognized as the global leader in on-time performance, with an impressive 88.93% rating. Delta led North America at 83.63%, followed by Thai AirAsia in Asia Pacific, Oman Air in the Middle East and Africa, and Iberia in Europe.
The Cirium report highlights significant recovery challenges faced by the industry, including resource shortages.
LexisNexis Risk Solutions has enhanced its VINsights total loss solution to streamline the claims process for U.S. insurers. The upgrade integrates data on title, registered owners, loan payoffs, and state taxes to expedite settlements. With rising total loss incidents, accounting for about 25% of collisions, these enhancements aim to improve customer experiences by reducing manual processes. The partnership with LossExpress provides quicker access to lienholder payoff data, potentially serving up to 80% of total losses.
LexisNexis Risk Solutions has reported a significant rise in fraud attacks, with a 155% increase in ecommerce bot attacks year-over-year. The Global State of Fraud and Identity Report highlights a 32% surge in human-initiated attacks and a 38% increase in automated bot attacks. Digital transactions soared by 37% in the same period, with mobile transactions comprising 76% of all transactions. Challenges in identity verification remain critical, impacting global businesses as fraud networks become increasingly complex.
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