Identity Proofing Award Given to LexisNexis® Risk Solutions for Identity Proofing Solution

Javelin Strategy & Research, a research-based advisory firm, announced LexisNexis® Risk Solutions, a unit of RELX Group, as a “Leader in the Functional Category” and an “Innovation Contender” on the prestigious Javelin Identity Proofing Platform Scorecard. The global data and analytics company was recognized as a top provider for its LexisNexis® Risk Defense Platform, which monitors consumer behavior, and can discern between a real user and a fraudster. Javelin also acknowledged the firm as innovative.

“We are honored to be recognized by Javelin for our work in managing complex fraud efficiently, while ensuring a positive customer experience with onboarding, login, authentication and/or account management,” says Paul Bjerke, vice president, fraud and identity management strategy, LexisNexis Risk Solutions.

The Identity Proofing Platform Scorecard uses Javelin’s Functional, Innovative, Tailored (FIT) model to evaluate the identity proofing vendor landscape, and “aims to provide a holistic evaluation of a vendor’s capabilities for financial services companies within the context of the problem being addressed, leveraging new and innovative technological processes, and in providing flexible integration with customer systems.”

The LexisNexis Risk Defense Platform links a client’s business to a robust set of fraud and identity capabilities and intelligent reporting metrics that help to improve the ability to achieve secure authentication and attain the workflow agility to keep a client’s fraud deflection strategy ahead of the next big threat, while servicing good customers with less friction.

“Implementing a multi-layered approach to tackle the evolving fraud landscape can be challenging for commercial and government organizations,” says Kim Sutherland, senior director of fraud & identity management strategy at LexisNexis Risk Solutions. “By having just one platform to serve as the fraud decisioning engine for consumer workflows, LexisNexis Risk Defense Platform simplifies the deployment of multi-layered fraud prevention, and enables banks, merchants, and a vast array of commercial and government organizations to address their current fraud and identity risks and evolve with future digital and physical identity threats.”