UK listed information and analytics group Relx bought online ID verification company ThreatMetrix for more than $800mn; the move will help to beef up Relx’s LexisNexis Risk Solutions unit; ThreatMetrix has built a database of 1.4bn unique online digital identities in more than 180 countries; Mark Kelsey, the head of Relx’s risk and business analytics division, tell the FT, “Bringing ThreatMetrix together with our own strengths in physical identity attributes will give our clients across all forms of commerce and geographies a more reliable, comprehensive approach to fraud and identity risk management.” Source.
Millennials now account for the largest majority of the US population and research predicts they will grow to 81 million in 2036; a majority of millennials have been credit averse with minimal credit history which has caused credit providers to target them in slightly different ways; in a white paper from LexisNexis the company provides a profile of millennials for credit providers. Sponsored Blog Post
Through the partnership the two companies will provide services for fraud protection; a key service from the partnership will be risk scores through the LexisNexis Risk Defense Platform which provide companies with a risk measure based on behavioral biometrics analyzed during the application process; BioCatch has been actively developing new solutions involving behavioral biometrics and has secured over 23 patents related to fraud protection. Source