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Wednesday, 13 October 2021 13:08

LexisNexis Risk Solutions wins Cyber Risk Solution of the Year

By LexisNexis Risk Solutions

AWARD ANNOUNCEMENT: LexisNexis Risk Solutions wins the Cyber Risk Solution of the Year category at the Asia Risk Technology Awards 2021 program.

The LexisNexis Risk Solutions fraud platform combines digital identity intelligence with physical identity insights for improved fraud detection. This includes LexisNexis ThreatMetrix, an enterprise solution for global digital identity intelligence and authentication powered by insights from billions of transactions, embedded machine learning, and an orchestration and decision platform.

LexisNexis Behavioral Biometrics adds another layer of defence. Behavioral Biometrics integrates the way a user interacts with their device, providing information relating to the trustworthiness, integrity and authenticity of that device to improve the detection of high-risk fraudulent scenarios to optimise fraud prevention.

LexisNexis Emailage helps businesses detect additional aspects of digital risk associated with consumer transactions, delivering decisioning data and an email risk score that helps stop fraud without negative impact to genuine customers. This enables companies to approve transactions faster while outsmarting changing fraud tactics.

“Providing a high standard in management and implementation of risk and regulatory technology has never been more important. The examples that LexisNexis Risk Solutions provided in its entry displayed innovation, creativity, and use cases that put it ahead of all other entries in this space,” says Asia Risk bureau chief Blake Evans-Pritchard. “The judges thoroughly enjoyed reading the application and agreed that it was the standout entry.”

“Organisations must rapidly evolve their strategies to effectively combat fraud. The issue of how to approach the post-pandemic era is at the top of the agenda for companies facing fraud risks and a changing regulatory environment,” asserts LexisNexis Risk Solutions vice president fraud and identity strategy Stephen Topliss.

“Our solutions combine advanced physical and digital identity insights and are built to help customers stay ahead of this challenging landscape. We are honoured to be awarded this prestigious accolade, which serves as a strong testament to our innovative technology that helps our customers reduce both fraud and its associated costs to their business,” Topliss adds.

The Asia Risk Awards are given to firms and individuals involved in Asia’s derivatives markets and in risk management. The awards celebrate solution providers that serve financial services firms in meaningful and innovative ways.

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