LexisNexis Launches AI Identity Verification Solution
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 14h ago
0mins
Source: Newsfilter
- AI Verification Technology: LexisNexis's IDVerse for Insurance employs biometric verification and deep neural networks to achieve identity verification in seconds within the insurance process, significantly enhancing insurers' ability to combat AI-driven fraud risks.
- Fraud Risk Reduction: With generative AI fraud losses projected to reach $40 billion by 2027, IDVerse aids insurers in improving efficiency and safeguarding profitability through real-time identity verification automation, ensuring a seamless customer experience.
- Seamless Integration: The solution integrates smoothly into insurance workflows, offering fully automated decision-making and global document coverage, enabling insurers to quickly verify customer identities and enhance trust.
- Adaptive Learning: IDVerse features contextual AI learning capabilities that adapt to evolving fraud threats, ensuring insurers maintain a competitive edge and enhance digital experiences in the face of increasingly sophisticated fraud tools.
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Analyst Views on RELX
Wall Street analysts forecast RELX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RELX is 60.54 USD with a low forecast of 60.54 USD and a high forecast of 60.54 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 37.380
Low
60.54
Averages
60.54
High
60.54
Current: 37.380
Low
60.54
Averages
60.54
High
60.54
About RELX
RELX PLC is a United Kingdom-based global provider of information-based analytics and decision tools for professional and business customers. The Company operates in four market segments: Risk; Scientific, Technical & Medical; Legal, and Exhibitions. The Risk segment provides customers with information-based analytics and decision tools that combine public and industry-specific content with advanced technology and algorithms to assist them in evaluating and predicting risk and enhancing operational efficiency. The Scientific, Technical & Medical segment helps researchers and healthcare professionals advance science and improve health outcomes by combining high-quality scientific and medical information. The Legal segment provides legal, regulatory and business information and analytics. The Exhibitions segment combines industry expertise with data and digital tools to help customers connect face-to-face and digitally, learn about markets, source products and complete transactions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
LexisNexis Launches AI Identity Verification Solution
- AI Verification Technology: LexisNexis's IDVerse for Insurance employs biometric verification and deep neural networks to achieve identity verification in seconds within the insurance process, significantly enhancing insurers' ability to combat AI-driven fraud risks.
- Fraud Risk Reduction: With generative AI fraud losses projected to reach $40 billion by 2027, IDVerse aids insurers in improving efficiency and safeguarding profitability through real-time identity verification automation, ensuring a seamless customer experience.
- Seamless Integration: The solution integrates smoothly into insurance workflows, offering fully automated decision-making and global document coverage, enabling insurers to quickly verify customer identities and enhance trust.
- Adaptive Learning: IDVerse features contextual AI learning capabilities that adapt to evolving fraud threats, ensuring insurers maintain a competitive edge and enhance digital experiences in the face of increasingly sophisticated fraud tools.
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LexisNexis Launches AI Identity Verification Solution
- AI Verification Innovation: LexisNexis's IDVerse for Insurance employs biometric verification and deep neural networks to achieve identity verification in seconds within the insurance process, significantly enhancing insurers' ability to combat AI-driven fraud while ensuring a smooth customer experience.
- Fraud Risk Reduction: According to the U.S. Department of Homeland Security, losses from generative AI fraud are expected to reach $40 billion by 2027; IDVerse helps insurers mitigate fraud risk and improve operational efficiency through real-time identity verification automation.
- Integrated Solution: As part of the LexisNexis ID Compass platform, IDVerse seamlessly integrates into multiple stages of the insurance workflow, including quoting, claims, and high-risk transactions, ensuring insurers can respond quickly to customer needs while maintaining security and profitability.
- Market Demand Driven: With increasingly sophisticated fraud tools, insurers face pressure to deliver seamless digital experiences; IDVerse matches the complexity of fraudsters with intelligent technology, helping insurers build customer trust and enhance market competitiveness.
Continue Reading