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.
News and announcements related to RELX PLC (RELX) highlight the activities of its businesses in information-based analytics, decision tools and events. RELX is described as a global provider of information-based analytics and decision tools for professional and business customers, serving customers in more than 180 countries with offices in about 40 countries. Its shares are traded on the London, Amsterdam and New York stock exchanges.
A significant portion of recent news involves LexisNexis Risk Solutions, a RELX business. These updates cover topics such as fraud and identity management awards, insurance market research, home insurance trends, property claims analytics, medical data solutions for life insurance underwriting, and studies on fraud in public benefit programs. Such news offers insight into how data and analytics are being applied to risk management, insurance, government programs and other sectors.
Other RELX-related news items feature Brightmine, a global HR and data insights provider that is part of LexisNexis Risk Solutions, and RX, the events and exhibitions organizer within RELX. Brightmine releases research on workplace dynamics and HR policy challenges, while RX announces large-scale trade shows and exhibitions across multiple industries and geographies.
Investors and observers who follow RELX news can use this page to review updates on analytics products, research reports, industry studies, event announcements and corporate developments reported by RELX businesses. Regularly reviewing these items can help readers understand how RELX-related companies are applying data, analytics and technology in their respective markets.
LexisNexis Risk Solutions' latest study reveals a significant increase in small and medium-sized business (SMB) lending fraud, with over 80% of respondents reporting a nearly 14% rise over the past year. Key findings include:
1. Stolen legitimate business and consumer/owner identities are the most common fraud types.
2. 70% of organizations have adjusted their fraud detection strategies.
3. Companies anticipate overall losses between 6% and 10%, with 17% due to reduced friction in approval processes.
4. There's a shift towards tech-driven fraud prevention, including advanced identity solutions.
The study recommends enhancing identity proofing, adopting a multi-layered approach, focusing on early-stage fraud detection, and sharing intelligence through consortiums to combat SMB lending fraud effectively.
LexisNexis Risk Solutions has been awarded the Best Cyber Security Provider at the Waters Rankings 2024 for its ThreatMetrix solution. This recognition highlights the company's dedication to providing top-tier fraud and identity solutions globally. The Waters Rankings, established by WatersTechnology, celebrate excellence in financial technology, particularly in protecting digital identities and fighting cyber threats.
LexisNexis ThreatMetrix offers a comprehensive suite of fraud prevention and identity verification tools, enabling businesses to manage risks effectively while maintaining smooth customer interactions. Kimberly Sutherland, VP of fraud and identity strategy, emphasized the company's commitment to innovation in addressing evolving cyber threats. LexisNexis Risk Solutions continues to develop solutions that support informed decision-making throughout the customer lifecycle, utilizing advanced analytics, linking capabilities, and industry expertise.
LexisNexis Risk Solutions has been recognized as a Category Leader in both Enterprise Fraud Solutions and Payment Fraud Solutions quadrants in the 2024 Chartis Enterprise and Payment Fraud Solutions Market Update and Vendor Landscape report. This prestigious recognition highlights the company's exceptional capabilities in providing innovative and effective solutions for fraud detection and prevention.
The Chartis report evaluates vendors based on their completeness of offering and market potential. LexisNexis Risk Solutions' achievement in both quadrants underscores its commitment to advancing fraud prevention strategies and delivering tailored solutions to address evolving challenges in the sector.
Chartis Research evaluated several LexisNexis Risk Solutions products, including the Dynamic Decision Platform, ThreatMetrix, BehavioSec, Emailage, Phone Intelligence, TrueID Document Authentication, and InstantID Q&A.
The LexisNexis® Insurance Demand Meter for Q2 2024 shows record growth in U.S. consumer auto insurance shopping and new policy volumes, both registering as 'Nuclear' for the first time in the same quarter. Key highlights include:
- 16.1% year-over-year shopping growth
- 19.5% increase in new policies
- Record 42.3% annual shop rate
- 21% of auto policies written in the last 12 months
- 38% growth in direct-to-consumer channels
Factors driving this growth include increasing auto and home insurance premiums, increased marketing by insurance companies, and consumers' heightened price sensitivity. The home insurance market's rate increases are also influencing auto insurance shopping patterns. Experts anticipate continued high shopping activity, despite potential impacts from the Summer Olympics and U.S. presidential election on advertising costs and effectiveness.
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.
LexisNexis Risk Solutions has been ranked first and as an Established Leader in Juniper Research's Global Fraud Detection and Prevention in Banking Market Report. The report evaluates the top 15 vendors based on solution completeness, geographical reach, and future business prospects.
Key solutions assessed include:
- LexisNexis Emailage: A risk score based on email intelligence
- LexisNexis RiskNarrative: A unified platform for anti-money laundering, fraud, compliance, and risk management
- LexisNexis ThreatMetrix: A solution for implementing security-related friction in interactions
Kimberly Sutherland, VP of fraud and identity at LexisNexis Risk Solutions, emphasized the company's commitment to continuous innovation to combat sophisticated fraudsters in the financial sector.
LexisNexis Risk Solutions has been awarded the Silver Medal in the Datos Insights' 2024 Fraud Impact Awards for Best Digital Identity Verification solution. The company's ThreatMetrix product was recognized for its advanced capabilities in fraud detection and identity verification. Jim Mortensen, strategic advisor at Datos Insights, praised ThreatMetrix for its significant advancement in combating digital fraud, leveraging a global data network and advanced analytics. Kimberly Sutherland, vice president of fraud and identity at LexisNexis Risk Solutions, expressed pride in the recognition, emphasizing the company's commitment to innovation in fraud detection solutions.
LexisNexis Risk Solutions has released its 2024 Life Insurance Mortality Risk Management Study, revealing how combining medical and non-medical data can transform life insurance underwriting. The study analyzed data from 50 million individuals over five years, covering 1.7 billion medical claim lines.
Key findings include:
- 10% of applicants with type 2 diabetes and 60% with asthma have average or better-than-average mortality risk
- Integrating medical and non-medical data can reduce mortality slippage and improve decision-making
- This approach streamlines the underwriting process, reducing the need for invasive procedures
The study demonstrates that even within high-risk populations, there are segments suitable for accelerated underwriting, potentially improving the insurance application experience and reaching underserved populations.
LexisNexis Risk Solutions has been ranked second overall in the 2024 Chartis Research STORM Retail Finance Analytics50 rankings. The company also won three category awards: Innovation, Identity Analytics solutions, and for the second consecutive year, Alt-Credit solutions.
Chartis Research praised LexisNexis Risk Solutions for its advanced capabilities in identity, device, and fraud analytics. The company's innovative approach to packaging alternative credit data was highlighted as significantly enhancing the fine-tuning of credit products.
The recognition reflects the company's comprehensive suite of offerings, including LexisNexis RiskView credit solutions, Small Business Credit Report, Dynamic Decision Platform, ThreatMetrix, and Fraud Intelligence solutions.
LexisNexis Risk Solutions released a study on the effectiveness of financial institutions (FIs) in combating authorized transfer scams. The study reveals that only 50% of FIs feel confident in their scam mitigation efforts. Additionally, 69% of FIs struggle to break a victim's belief in a scammer, and only 4% can alert customers to impersonation scams within 24 hours. Despite 81% prioritizing scam prevention, 64% face challenges with current solutions. FIs are encouraged to adopt advanced technologies and data-based insights to improve scam detection and prevention strategies, ensuring secure and efficient transactions for consumers.