Chartis Research Honors LexisNexis Risk Solutions for its Retail Alternative Credit Risk and Analytics Capabilities ATLANTA, July 17, 2024 /PRNewswire/ -- LexisNexis® Risk Solutions announced that it has been ranked second overall in the 2024 Chartis Research STORM Retail Finance Analytics50 rankings. In addition to the overall ranking, LexisNexis Risk Solutions has won the following awards: the Innovation category award, the award for the Identity Analytics solutions category and for a consecutive second y ...

Only 50% of organizations have confidence in their ability to stop scammers. Sixty-nine percent (69%) find it difficult to break a victim's belief or trust in a scammer. Just four percent (4%) of FIs can alert customers to scams involving impersonation of financial services employees within 24 hours. The study, Defend Against Authorized Transfer Scams, finds that fraud risk and mitigation strategy leaders at US financial services institutions understand the importance of both detecting and mitigating scams ...

RELX's subsidiary, LexisNexis Risk Solutions, recently equipped its Accurint Virtual Crime Center with artificial intelligence capabilities by adding a new feature — Accurint AI Insights. The Accurint AI Insights feature uses the LexisNexis Public Safety Data Exchange database to identify crime trends and provide its customers with resourceful insights. RELX (RELX) has returned 15.6% in the year-to-date period compared with the Zacks Internet - Content Industry's growth of 15%. The rise in share price sugge ...

Accurint AI Insights enables users to quickly identify and respond to emerging crime trends. Upon detection of a trend, users receive automated alerts that facilitate rapid analysis of associated data. The platform leverages advanced analytical tools embedded within the Accurint® Virtual Crime Center, aiding law enforcement personnel in making informed operational decisions. "Accurint AI Insights represents our first revolutionary step in public safety with a first-to-market solution in empowering law enfor ...

MEXICO CITY, June 20, 2024 /PRNewswire/ -- LexisNexis® Risk Solutions has unveiled the findings of its 2023 LexisNexis® True Cost of Fraud™ Study – Latin America. The annual report, based on a commissioned survey conducted by Forrester Consulting, reveals that businesses in LATAM now bear a cost of fraud that is 3.9 times the face value lost in fraudulent transactions. The study also reflects the evolution of criminal tactics. In LATAM, the stage of the customer journey with the highest fraud losses is new ...

Claim severity continues to challenge the insurance industry as claims severities have steadily trended upward since the pandemic. Compared to 2020, bodily injury has risen by 20%, along with severity as material damage has increased by 47%. Attorney involvement has helped contribute to the rise in claims costs. Over half (51%) of claimants who hired an attorney received a higher settlement amount. This activity is most prevalent following an auto accident, as 85% of claimants were approached by one attorne ...

The study also reflects the evolution of criminal tactics. In LATAM, the stage of the customer journey with the highest fraud losses is new account creation, presenting the greatest challenge for both financial institutions (46%) and retailers (44%). Criminals are exploiting the growing popularity of digital banking and digital commerce by using stolen or synthetic identities to open fraudulent accounts. Fraud has increased for 65% of Colombian organizations year-on-year. In LATAM, digital channels account ...

Fraud has increased for 59% of Brazilian organizations year-on-year. In LATAM, digital channels account for more fraud losses than physical channels. Four in five Brazilian organizations say fraud is affecting their customer conversion rates. In Brazil, 59% of companies reported an increase in fraud in the 12 months prior to the survey, while organizations incur an average cost of R$3.59 ($3.01 for retailers and $4.49 for financial institutions) for every real lost to fraud. These costs encompass financial ...

As sophisticated "bad bot" attacks become more prevalent, U.S. auto insurers must evolve their approaches to differentiate between humans, good bots and bad bots, and manage good traffic at point of quote Key takeaways LexisNexis® Risk Solutions announces the launch of ThreatMetrix® for Insurance Quotes to help U.S. auto insurers differentiate between the rise in malicious bot attacks and legitimate human queries at point of quote without adding friction to the consumer experience. ThreatMetrix for Insuranc ...

RELX PLC (RELX) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mos ...