LexisNexis Risk Solutions has closed the acquisition of ThreatMetrix, a Silicon Valley-based digital identity platform.
The announcement comes just weeks after LexisNexis’ parent company, RELX Group, was linked with a £580m (about $817m) offer for the business.
Following the close of the acquisition, ThreatMetrix will become part of RELX Group’s Risk & Business Analytics segment, which includes LexisNexis Risk Solutions.
The company’s expertise in digital identity will be combined with the physical identity expertise of LexisNexis Risk Solutions, enabling companies around the world to protect themselves against existing and emerging fraud, risks and financial crime.
This acquisition will ‘enable a seamless and comprehensive approach to fraud and identity risk management’, according to LexisNexis.
Rick Trainor, CEO, business services, LexisNexis Risk Solutions said: “The marketplace recognises us for developing and leveraging technology and advanced analytics to innovate fraud solutions that protect society through the provisioning of physical identities. Adding digital identity insights enables us to continue innovating scalable solutions that will help our customers get ahead of fraudsters.”
“We believe that broader identity attribute coverage across all risk domains and understanding physical and digital identity interactions will allow us to respond comprehensively to the vast number of threats facing the global economy,” he added.
Founded in 2005, ThreatMetrix is a digital identity platform that uses a number of factors like device information, location, anonymised ID information, threat intelligence and behavioural analytics to determine that individuals logging into a service are who they say they are.
Headquartered in San Jose, California, the company has strong client relationships across financial services, e-commerce, and media sectors and offers authentication solutions for account origination, payments, “card not present” transactions and account logins. Its Digital Identity Network analyses over 100 million transactions per day covering 35,000 websites from 5,000 customers, tracking 1.4 billion unique online identities from 4.5 billion devices in 185 countries.
The LexisNexis Risk Solutions group and addresses fraud and authentication challenges using advanced analytics to physical identity attributes, including identity credentials, addresses and asset ownership. ThreatMetix has already been collaborating with LexisNexis, having formed a commercial partnership two years ago.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
