Welcome to our dedicated page for Relx Plc news (Ticker: RELX), a resource for investors and traders seeking the latest updates and insights on Relx Plc stock.
RELX PLC provides information-based analytics and decision tools for professional and business customers across risk, scientific and medical research, legal, and events markets. Company news often centers on LexisNexis Risk Solutions, including fraud and identity analytics, insurance underwriting data, electronic health record access, provider data management, and reports based on digital transaction and industry survey data.
RELX updates also cover RX trade exhibitions, such as packaging industry events, and the company’s use of data sets, advanced analytics platforms, and AI-enabled tools in customer workflows. Recurring themes include partnerships, product integrations, cybercrime and fraud trend research, healthcare identity verification, and commercial insurance risk selection.
LexisNexis Risk Solutions released its True Impact of Failed Payments Report, revealing significant challenges in cross-border payment performance. Conducted with 400 payment executives globally, the report shows that over 70% are dissatisfied with their payment failure rates, costing an average of $12.10 per rejected payment. Common issues include incorrect bank beneficiary details, leading to increased workloads for staff. The report emphasizes the need for efficient Straight-Through Processing (STP) to enhance customer retention and reduce costs.
Key findings indicate that higher automation levels correlate to fewer customer losses due to payment issues.
LexisNexis Risk Solutions has released the Alternative Credit Data Impact Report, highlighting that nearly all surveyed financial institutions report a revenue increase of at least 15% due to alternative data usage. The report reveals that 84% of respondents utilize alternative credit data, particularly in assessing deep subprime and near-prime consumers. It emphasizes the need for financial inclusion, with 37% of leading adopters prioritizing this goal. Although larger banks are more satisfied with alternative data, challenges remain. The report aims to enhance credit risk assessments and improve customer experiences across the finance sector.
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Arkose Labs has appointed Frank Teruel as its new Chief Financial Officer (CFO), effective February 7, 2023. Teruel joins the Executive Leadership Team, reporting to CEO Kevin Gosschalk. With over 20 years in cybersecurity and identity, he previously served as CFO at Mitek Systems (NASDAQ: MITK) and played a key role in the $830 million sale of ThreatMetrix to RELX. Teruel is expected to enhance Arkose's financial processes, supporting its commitment to high growth and profitability. His industry expertise is viewed as a competitive advantage amidst growing cybersecurity threats.
On February 7, 2023, LexisNexis, part of RELX, announced a definitive agreement to acquire Aistemos Limited, enhancing their flagship PatentSight IP analytics solution. Cipher, Aistemos's classification platform, employs AI and machine learning to classify patents, providing strategic insights for IP decisions. The acquisition aims to integrate these capabilities into PatentSight, allowing for custom technology taxonomies. The transaction awaits customary regulatory approvals and is expected to finalize in Q1 2023. Financial details remain undisclosed.
LexisNexis Risk Solutions has been recognized in The Forrester Wave™: Identity Verification Solutions, Q4 2022, receiving top ratings in 17 evaluation criteria. The report assessed current offerings, strategy, and market presence. LexisNexis scored 5.0 in 10 out of 11 criteria in Current Offering and achieved top ratings in five Strategy categories. This recognition reflects the company's commitment to enhancing consumer trust through advanced fraud risk and identity verification tools. Recent acquisitions, including ThreatMetrix and BehavioSec, bolster its capabilities, providing impactful insights for companies combating fraud.
Cirium, a leader in aviation analytics, has expanded its decade-long partnership with Amadeus by integrating its advanced flight schedules data into the Amadeus Travel Platform. This integration aims to enhance the flight search and booking experience for travel sellers and travelers alike. Cirium's comprehensive dataset covers over 900 airlines and is designed to improve data accuracy and customer service for Amadeus clients in the travel industry. The integration is expected to unlock new market opportunities and maximize revenue while enhancing the overall travel experience.
The Cirium Fleet Forecast predicts a demand for approximately 44,500 new aircraft over the next two decades, valued at US$2.9 trillion. This includes a projected 3.6% annual growth in passenger traffic, particularly in China, which is expected to account for 19% of global deliveries by 2041. Single-aisle jets are forecasted to make up 70% of deliveries, with older models being retired. The ongoing freighter boom anticipates the supply of 3,560 freighters. The report suggests an uneven but significant recovery from the Covid-19 pandemic, aligning with a return to traditional growth paths by 2025.
Delta Air Lines has secured the Cirium Platinum Award for global operational excellence for the second consecutive year, showcasing strong on-time performance amid a challenging operational landscape.
Azul Airlines was recognized as the global leader in on-time performance, with an impressive 88.93% rating. Delta led North America at 83.63%, followed by Thai AirAsia in Asia Pacific, Oman Air in the Middle East and Africa, and Iberia in Europe.
The Cirium report highlights significant recovery challenges faced by the industry, including resource shortages.
LexisNexis Risk Solutions has enhanced its VINsights total loss solution to streamline the claims process for U.S. insurers. The upgrade integrates data on title, registered owners, loan payoffs, and state taxes to expedite settlements. With rising total loss incidents, accounting for about 25% of collisions, these enhancements aim to improve customer experiences by reducing manual processes. The partnership with LossExpress provides quicker access to lienholder payoff data, potentially serving up to 80% of total losses.