LexisNexis Debuts New Commercial Solution

LexisNexis Risk & Information Analytics Group, a solutions provider delivering actionable intelligence to help clients make critical business decisions, announced a new suite of commercial solutions. The four new solution lines – Customer Development, Authentication & Screening, Fraud Prevention and Collections Management – combine industry-leading content, analytics and technological expertise to provide a total solution to help customers confidently make decisions faster. The new solution lines can be viewed on the new LexisNexis Risk & Information Analytics Group website at www.risk.lexisnexis.com.

LexisNexis Risk & Information Analytics Group exemplifies the LexisNexis 30-year tradition as a trusted provider and custodian of quality information. These four new solution lines clearly and powerfully leverage cutting-edge technology, unique data and advanced scoring analytics, providing a total solution to client needs. The new commercial solutions are specifically designed to serve the multi-billion dollar risk information industry, which is comprised of financial services firms, collection agencies, insurance and health care providers, human resources organizations, and other companies seeking ways to make faster, more effective decisions.

“The new LexisNexis Risk & Information Analytics Group commercial solution offerings are directly in line with what businesses need on a daily basis,” said Jim Peck, chief executive officer of the LexisNexis Risk & Information Analytics Group. “Our clients have demanded new intelligence to help them make faster and smarter decisions that lead to profitable results.”

The new commercial solutions help the company’s clients build and manage their own customer lifecycles while simultaneously assessing risk at key points – delivering relevant information and analytics at the immediate point of need. The four new solutions lines include:

Customer Development solutions help clients expand their business by acquiring and retaining profitable customers throughout their various life stages. Clients can assess risk and identify opportunities by applying a unique set of data attributes to target populations through our proprietary linking technology.

Authentication & Screening solutions help clients mitigate liabilities related to acquiring and retaining customers, business associates and hiring new talent. Clients can protect their company’s reputation and ensure regulatory compliance by verifying and validating data, authenticating identity and screening applicants such as customers, employees, partners and vendors.

Fraud Prevention helps clients prevent, detect and investigate suspected fraud. With due diligence and investigation products, fraud assessment scoring and claim management solutions, clients can identify and respond to potentially fraudulent applications, high-risk credit card transactions, and suspicious insurance claims.

Collections Management helps clients increase operational efficiency and profitability, while shortening the collections lifecycle. Through a complete set of tools, clients can skip and locate right-party contacts, score and segment portfolios, automate collection processes, prioritize efforts on the most profitable accounts, recover more delinquent debt, and facilitate litigation.

“Customers across key LexisNexis markets rely on LexisNexis Risk and Information Analytics Group for its knowledge, data, technology and analytics capabilities,” said Peck. “These core competencies are reflected in our brand positioning and consistently evolving solution lines, all of which underscore our position as industry leader,” said Peck.