LexisNexis Risk Solutions announced that its LexisNexis ThreatMetrix product has won the Most Innovative Fraud Prevention and Detection Solution of the Year award in the 13th annual Africa Bank 4.0 Awards – West Africa, hosted in Lagos.
ThreatMetrix serves as a global enterprise solution for digital identity intelligence and digital authentication, earning the trust of leading global brands to guide daily transaction decisions. By uniting digital and physical identity attributes, ThreatMetrix establishes a true digital identity. In milliseconds, it enables businesses to confidently differentiate between a trusted customer and a cyber threat. Firms can leverage the power of LexID Digital and the LexisNexis Digital Identity Network to improve transaction security while ensuring a frictionless customer experience.
“Receiving recognition for our work on fraud prevention solutions is an honour for LexisNexis Risk Solutions. This serves as a testament to our seamless and comprehensive approach to fraud and identity risk management,” said Donovan Byrne, director, Africa at LexisNexis Risk Solutions. “We are dedicated to assisting businesses in delivering more secure transactions for trusted customers by helping detect payment fraud and preventing threats across multiple channels. With rapidly increasing sophisticated cyber attacks and the acceleration of the digital economy, our cutting-edge solution empowers companies to be at the global forefront in the fight against cyber crime."
The judges praised ThreatMetrix for “a digital identity network, behavioural analysis and threat intelligence to help firms automate authentication decisions and differentiate legitimate customers from fraudsters in near real-time”.
They also commended LexisNexis Firco Trade Compliance for helping banks “detect entities associated with money laundering, sanctions, terrorism and other financial crime risks in their trade finance businesses”.
The Africa Bank 4.0 Awards acknowledge the efforts of organisations, associations and service providers in the financial services field who go the extra mile to transform the fintech industry, making access to finance in Africa accessible, innovative, convenient and affordable.
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LexisNexis Risk Solutions
LexisNexis Risk Solutions includes seven brands that span multiple industries and sectors. We harness the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit LexisNexis Risk Solutions and RELX.