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 has secured a $1.2 billion Blanket Purchase Agreement from the United States Department of Labor (DOL) to provide digital identity verification for state unemployment insurance programs. This five-year contract continues the company’s longstanding partnerships with federal and state agencies, targeting fraud in unemployment benefits exacerbated by the pandemic. LexisNexis aims to combat fraud, ensure timely benefits, and improve access through its advanced identity verification solutions.
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LexisNexis Risk Solutions has launched the Financial Crime Digital Intelligence to enhance financial crime compliance workflows. This innovative solution leverages digital identity data to address escalating sanctions risks associated with digital transactions, a challenge exacerbated by COVID-19.
Key features include Sanctions Location Risk and Sanctions List Match, which utilize real-time data for risk assessment. The product aims to empower compliance teams by modernizing legacy methodologies and improving risk evaluation aligned with digital transaction trends.
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LexisNexis Risk Solutions and Forrester Consulting conducted research revealing the growing importance of identity verification (IDV) and authentication solutions in a post-pandemic environment. The study indicates that 64% of respondents agree that the pandemic heightened the significance of these processes, with 71% prioritizing customer experience. Furthermore, 86% plan to enhance their IDV processes within a year. Key recommendations include employing a mix of technologies to improve fraud protection and consistently measuring machine learning model effectiveness to optimize customer interactions.
Cirium has re-launched its On-Time Performance Report, marking a significant return for the aviation sector as flight volumes increase globally. In May 2021, Japan Airlines, Hawaiian Airlines, Red Wings, and Avianca were recognized as the most punctual airlines in their regions. Tokyo's Haneda Airport achieved the highest on-time performance globally. The report, which assesses punctuality based on over 300 terabytes of data, indicates a positive trend in airline and airport performance since its suspension during the COVID-19 pandemic.
LexisNexis® Risk Solutions has launched its Emailage® product for the insurance market in the U.S., enhancing risk assessment through email intelligence. This solution aims to combat insurance fraud by providing an email risk score that identifies potential fraudulent activity. The product leverages over 5.9 billion digital identifiers, improving fraud capture rates by 42%, reducing manual review volumes by 27%, and increasing acceptance rates of transactions by 16%. It is part of a broader strategy to streamline online transactions while safeguarding against cyber threats.
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LexisNexis Risk Solutions, a subsidiary of RELX, received the Judge's Choice award for the Best Identity Verification/Authentication Solution at the 2021 CNP Awards. This award recognizes companies that effectively authenticate cardholders in digital environments. With a focus on enhancing consumer trust, LexisNexis employs advanced identity verification technologies that include biometric assessments and digital risk evaluations. The win marks their second consecutive year of recognition in this category, highlighting their leadership in combating digital fraud.