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 launched the Financial Crime Digital Intelligence to enhance financial crime compliance workflows. This innovative solution leverages digital identity data to address escalating sanctions risks associated with digital transactions, a challenge exacerbated by COVID-19.
Key features include Sanctions Location Risk and Sanctions List Match, which utilize real-time data for risk assessment. The product aims to empower compliance teams by modernizing legacy methodologies and improving risk evaluation aligned with digital transaction trends.
LexisNexis Risk Solutions and Forrester Consulting conducted research revealing the growing importance of identity verification (IDV) and authentication solutions in a post-pandemic environment. The study indicates that 64% of respondents agree that the pandemic heightened the significance of these processes, with 71% prioritizing customer experience. Furthermore, 86% plan to enhance their IDV processes within a year. Key recommendations include employing a mix of technologies to improve fraud protection and consistently measuring machine learning model effectiveness to optimize customer interactions.
Cirium has re-launched its On-Time Performance Report, marking a significant return for the aviation sector as flight volumes increase globally. In May 2021, Japan Airlines, Hawaiian Airlines, Red Wings, and Avianca were recognized as the most punctual airlines in their regions. Tokyo's Haneda Airport achieved the highest on-time performance globally. The report, which assesses punctuality based on over 300 terabytes of data, indicates a positive trend in airline and airport performance since its suspension during the COVID-19 pandemic.
LexisNexis® Risk Solutions has launched its Emailage® product for the insurance market in the U.S., enhancing risk assessment through email intelligence. This solution aims to combat insurance fraud by providing an email risk score that identifies potential fraudulent activity. The product leverages over 5.9 billion digital identifiers, improving fraud capture rates by 42%, reducing manual review volumes by 27%, and increasing acceptance rates of transactions by 16%. It is part of a broader strategy to streamline online transactions while safeguarding against cyber threats.
LexisNexis Risk Solutions, a subsidiary of RELX, received the Judge's Choice award for the Best Identity Verification/Authentication Solution at the 2021 CNP Awards. This award recognizes companies that effectively authenticate cardholders in digital environments. With a focus on enhancing consumer trust, LexisNexis employs advanced identity verification technologies that include biometric assessments and digital risk evaluations. The win marks their second consecutive year of recognition in this category, highlighting their leadership in combating digital fraud.
FAQ
What is the current stock price of RELX PLC (RELX)?
What is the market cap of RELX PLC (RELX)?
What does RELX PLC do?
Where is RELX PLC headquartered?
What are the core business segments of RELX PLC?
What is LexisNexis Flyreel?
How much revenue does RELX generate in North America?
What recent achievements has RELX made in the packaging industry?
How did LexisNexis Risk Solutions perform in Javelin Strategy & Research's 2024 report?
What percentage of RELX's revenue comes from Europe?
What are some of the key features of LexisNexis Flyreel for commercial insurers?
Where can I find more information about RELX PLC?
