LexisNexis Risk Solutions Completes IDVerse Acquisition

Rhea-AI Summary

LexisNexis Risk Solutions, a RELX company, has completed its acquisition of IDVerse, an AI-powered document authentication and fraud detection solutions provider. IDVerse, founded in Australia and launched in 2018, will be integrated into LexisNexis' Business Services segment.

IDVerse's technology leverages deep neural networks to verify identity documents and perform biometric matching, capable of authenticating over 16,000 types of identity documents globally. The solution will be available within LexisNexis' RiskNarrative platform, IDU, and as a standalone solution in the Dynamic Decision Platform later this year.

The integration aims to enhance LexisNexis' multi-layered identity verification capabilities, particularly in combating AI-generated fraud and deepfakes. The combined solution will offer improved risk insights, consumer protection, and financial inclusion while helping organizations maintain optimal risk posture.

Positive

• Acquisition expands capabilities in AI-powered fraud detection and identity verification
• Technology can verify over 16,000 types of identity documents globally
• Integration enhances defense against emerging threats like deepfakes
• Strengthens LexisNexis' product portfolio with multiple platform integrations

Negative

• None.

News Market Reaction

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-0.73% News Effect

On the day this news was published, RELX declined 0.73%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Acquisition expands LexisNexis Risk Solutions' capabilities in risk and fraud solutions and enhances digital identity onboarding and identity verification through AI-powered technology

ATLANTA and LONDON, Feb. 19, 2025 /PRNewswire/ -- LexisNexis® Risk Solutions, part of RELX, closed its acquisition of IDVerse™, a provider of AI-powered document authentication and fraud detection solutions. IDVerse is now part of the Business Services segment of LexisNexis Risk Solutions and will continue to be available within its LexisNexis® RiskNarrative® platform, LexisNexis® IDU®, and will be offered within its LexisNexis® Dynamic Decision Platform® as a stand-alone solution later this year. 

Founded in Australia and launched commercially in 2018, IDVerse uses AI to combat fraud and deepfakes. Its proprietary technology is powered by a deep neural network which verifies the authenticity of identity documents and, with consumer consent, matches the consumer's face to the photo on a document using biometric algorithms for identity verification and liveness detection to detect a fraudulent submission. IDVerse's technology is capable of verifying more than 16,000 types of identity documents globally across organizations in various industries and the public sector. 

Once integration is complete, LexisNexis Risk Solutions will offer clients even more robust risk insights to better protect consumers, promote financial inclusion for trusted individuals and help organizations globally maintain an optimal risk posture. 

Combining LexisNexis Risk Solutions' multi-layered identity verification tools with IDVerse's complementary AI-powered technology will address both evolving customer needs and emerging threats. Expanding global ID verification capabilities will bolster defenses against AI-generated fraud, while IDVerse's self-learning AI will ensure advanced fraud detection, faster fraud model updates and even more accurate identity verification.

Rick Trainor, CEO of Business Services at LexisNexis Risk Solutions, stated, "Anti-fraud capabilities need to advance as fast or faster than fraudsters innovate their tactics. AI-powered solutions are critical in defending against fraud, particularly AI-generated fraud such as deepfakes. IDVerse's accelerated innovation in this field is impressive, and I'm eager to see how our complementary cutting-edge solutions will combine to take our anti-fraud capabilities to new levels."

The terms of the transaction have not been disclosed.

About LexisNexis Risk Solutions

LexisNexis® Risk Solutions harnesses the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses across multiple industries 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.

About RELX

RELX is a global provider of information-based analytics and decision tools for professional and business customers. RELX serves customers in more than 180 countries and has offices in about 40 countries. It employs more than 36,000 people over 40% of whom are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York stock exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX. The market capitalisation is approximately £69bn/€82bn/$89bn.

About IDVerse

IDVerse provides tools and infrastructure that help empower the identity verification industry, enabling businesses to verify anyone's identity within seconds using only their face and smartphone. IDVerse harnesses the power of regenerative AI to not only fight fraud and deepfakes but also significantly reduce associated risks. IDVerse is trusted by financial institutions, fintech, the public sector and global enterprises with offices in Sydney, Melbourne, London and Silicon Valley.

Media Contacts:
LexisNexis Risk Solutions
Ade O'Connor
+44 78 9091 8264
Ade.O'Connor@lexisnexisrisk.com

 

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SOURCE LexisNexis Risk Solutions

FAQ

What are the key benefits of LexisNexis Risk Solutions' acquisition of IDVerse for RELX shareholders?

The acquisition strengthens RELX's fraud detection capabilities, expands global document verification coverage, and enhances AI-powered technology offerings, potentially driving business growth and market competitiveness.

How many types of identity documents can IDVerse's technology verify after the RELX acquisition?

IDVerse's technology can verify more than 16,000 types of identity documents globally across various industries and the public sector.

When will IDVerse be available as a standalone solution in LexisNexis' Dynamic Decision Platform?

IDVerse will be offered as a standalone solution within the LexisNexis Dynamic Decision Platform later in 2025.

What specific fraud prevention capabilities does the IDVerse acquisition add to RELX's LexisNexis?

The acquisition adds AI-powered document authentication, biometric matching, liveness detection, and enhanced protection against deepfakes and AI-generated fraud.

Which LexisNexis platforms will integrate IDVerse's technology following the acquisition?

IDVerse's technology will be integrated into the RiskNarrative platform, IDU, and the Dynamic Decision Platform.