LexisNexis Risk Solutions Announces Definitive Agreement to Acquire IDVerse
RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) (RELX)
US:NYSE Investor Relations:
relx.com/investors/investor-overview
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Source: PR Newswire
Acquisition will expand LexisNexis Risk Solutions' capabilities in risk and fraud solutions and enhance digital identity onboarding and identity verification through IDVerse's AI-powered technology.ATLANTA and LONDON, Dec. 10, 2024 /PRNewswire/ -- LexisNexis® Risk Solutions, part of RELX, has entered into an agreement to acquire IDVerse™, a provider of AI-powered automated document authentication and fraud detection solutions. IDVerse will become part of LexisNexis Risk Solutions Business Services.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 do
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