LexisNexis Risk Solutions, a global data and analytics company owned by RELX, agrees to acquire IDVerseis a provider of AI-powered document authentication and fraud detection solutions.
The acquisition is expected to close in early 2025, subject to customary regulatory consents. Financial terms were not disclosed.
This movement causes LexisNexis Risk Solutions Further enhance our ability to fight AI-generated fraud, including deepfakes.
IDVerse’s advanced AI technology leverages biometric algorithms, liveness detection, and self-learning capabilities that adapt to evolving fraud tactics to verify more than 16,000 types of identity documents worldwide.
Self-learning AI technology automatically updates fraud models to quickly respond to new fraud schemes around the world.
Its high degree of accuracy allows for improved and more comprehensive client identity verification.
By integrating IDVerse’s technology with existing platforms (already available through existing partnerships), LexisNexis Risk Solutions aims to provide clients with more comprehensive identity verification solutions and stronger protection against emerging threats. I am.
The acquisition also strengthens the partnership between the two companies, allowing them to leverage complementary technologies to address future fraud challenges.
“We’re excited to partner with LexisNexis Risk Solutions,” said Rick Traynor, CEO of Business Services at LexisNexis Risk Solutions.
“Countering the threat of AI-generated fraud attacks, including deepfakes, requires AI-powered solutions.
Integrating IDVerse’s advanced and complementary technologies provides the risk insights you need to protect your clients from attackers now and in the future, no matter where they are in the world or where they do business. This further strengthens our ability to provide ”
John Myers, CEO of IDVerse, added:
“For decades, LexisNexis Risk Solutions has been at the forefront of enabling compliance and reducing risk for businesses around the world.
We look forward to seeing the impact our solutions and technology can combine to improve outcomes for our clients against a rapidly changing risk landscape. ”
Featured image credit: Edited from freepic
