LexisNexis Risk Solutions Recognized as a Strong Performer in Enterprise Fraud Management Solutions Report
Rhea-AI Summary
LexisNexis Risk Solutions has been recognized as a Strong Performer in The Forrester Wave™: Enterprise Fraud Management (EFM) Solutions, Q2 2024 report. The company's Dynamic Decision Platform received high scores across various categories, including a perfect 5 out of 5 in market presence.
Key highlights:
- Scored 3.3 in current offering and 3.5 in strategy
- Praised for innovation process and support strategy
- Noted as ideal for organizations transitioning from cyber channel fraud management to financial transaction monitoring
- Recognized for capable built-in machine learning models and customizable analyst investigation screens
The Forrester Wave™ report analyzes 12 top EFM providers, evaluating key differentiators such as built-in models and integration of identity verification, contextual authentication, and behavioral biometrics.
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The LexisNexis® Dynamic Decision Platform garnered scores of 3.3 in the current offering category, 3.5 in the strategy category and a 5 out 5 in the market presence category. The Forrester report notes that the platform's innovation process, support and adoption-boosting strategy stand ahead of the competition. The report also states LexisNexis Risk Solutions is a great fit for organizations transitioning from cyber channel fraud management to financial transaction monitoring.
"The vendor boasts capable built-in, productized machine learning models for risk scoring. Analyst investigation screens are customizable and provide flexible investigative capabilities to investigators," wrote Andras Cser, vice president and principal analyst, security and risk management at Forrester Research, in the report. "The solution is a great fit for organizations expanding from cyber (online) channel fraud management into financial transaction monitoring."
"We are honored to be recognized by Forrester as a Strong Performer in the EFM category," said Kimberly Sutherland, vice president, fraud and identity at LexisNexis Risk Solutions. "This ranking reflects for us our unwavering dedication to address evolving global fraud detection and prevention challenges for our private and public sector customers. Our team's relentless focus on delivering exceptional support and driving adoption through strategic initiatives has been pivotal in achieving this milestone."
The Forrester Wave™: Enterprise Fraud Management Solutions, Q2 2024 report provides a detailed analysis of 12 top EFM providers and covers key differentiators such as built-in models and the integration of identity verification, contextual authentication and behavioral biometrics.
Read more about the company's placement in the report.
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
Media Contact:
Marcy Theobald
678.860.3639
Marcy.theobald@lexisnexisrisk.com
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SOURCE LexisNexis Risk Solutions
FAQ
What recognition did LexisNexis Risk Solutions receive in the Forrester Wave report for Q2 2024?
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