Charm Security vs LexisNexis Risk Solutions

About LexisNexis Risk Solutions

LexisNexis Risk Solutions is a data analytics provider for organizations seeking actionable insights to manage risks. LexisNexis Risk Solutions delivers targeted solutions for industries including insurance, financial services, healthcare and government. LexisNexis Risk Solutions offers automated valuation model (AVM) tools and analytic solutions from Collateral Analytics, a Black Knight company, for use across the real estate lifecycle.^[3][4]

InstantID matches an individual's personally identifiable information to a reference database. InstantID returns a Comprehensive Verification Index, verified fields and risk indicators. Fraud Intelligence Third-Party Scores deliver a three-digit numeric risk score predicting the likelihood that an application or account interaction involves fraud, with higher scores indicating greater risk. Fraud Intelligence Third-Party Scores integrates into workflows via Direct API, the LexisNexis Dynamic Decision Platform or batch processing. Fraud Intelligence Identity Misuse Score combines risk scoring, real-time identity analysis and cross-industry insights to uncover misuse. Fraud Intelligence Identity Misuse Score helps organizations detect identity manipulation, misuse and synthetic fraud at new account opening and during portfolio management. Fraud Intelligence Identity Misuse Score integrates into workflows via Direct API, the LexisNexis Dynamic Decision Platform or batch processing.^[5][6]

At the heart of the Digital Identity Network is LexID Digital, a unique customer identifier. The Digital Identity Network includes a tokenized alphanumeric identifier for each of 1.4 billion recognized users. A confidence score represents the likelihood that a current event is associated with a designated LexID Digital Identity. Digital identity intelligence obtains crowdsourced intelligence comprised of web and mobile device identification, true location and behavior analysis, identity and link analysis, and bot and malware threat intelligence. Dynamic decision platform uses digital identity intelligence, behavioral analytics, machine learning, external data sources and case management. Smart authentication combines risk-based authentication with strong customer authentication such as device binding, multi-factor authentication and biometrics.^[7]

Safe Payment Verification received an EWS update. Payee name, account number and routing information are submitted via API, browser or portal for verification. Payee verification checks whether the payee name and account type match the account holder details on record, with results returned instantly or processed in batch. Payee verification returns match results (exact, partial, no match or account not found) with supporting reason codes and configurable response options. Verification can be applied at onboarding, payment initiation or when details change. Payee verification covers active and inactive accounts in the U.S., U.K., Europe and Asia. Payment details can be verified and populated against a database of over 65,000 financial institutions spanning 200 clearing systems.^[8]

Active Insights detects verified insurance shopping activity so carriers can spot attrition and make retention decisions. Comprehensive Loss Underwriting Exchange (C.L.U.E.) is a claim history information exchange containing up to seven years of personal automobile claims information. On an inquiry, the search criteria are matched and a C.L.U.E. report is returned containing information about the driver, vehicles, policy and reported claims. Auto launched in 1987. Active Insights C.L.U.E. at Renewal notifies users of claims that were discovered, updated or closed after underwriting.^[3][9]

Accurint for Law Enforcement provides access to an identity records database for early investigations. Accurint databases can reveal evidence of financial distress or prior criminal activities. LexID Linking Technology uses data science and linking algorithms to give a 360° view of identity. Batch searching processes thousands of records at a time to locate suspects, witnesses and fugitives. LexisNexis Risk Solutions offers Accurint Virtual Crime Center to law enforcement agencies across the country as a single sign-on tool. Accurint Virtual Crime Center includes enterprise access to Accurint for Law Enforcement for an entire agency. National Map of Crime contains agency data from across the country that includes Crime Incident Data, Calls for Service, Offender Data, and Crash Data. Accurint TraX allows investigators to conduct pattern of life analysis using automated, data enhanced, call detail record analysis. AmplifyID is offered to preserve program integrity, provide equitable access and prevent fraud across Federal, state and local government.^[3][10][11]

Provider Integrity Scan automates a variety of provider verification searches and ongoing monitoring options by checking against multiple files and lists. Provider Integrity Scan provides automatic red flag alerts for high-risk indicators. Provider Integrity Scan is designed to identify potentially fraudulent providers and businesses enrolled or attempting to enroll in health-related programs. Provider Integrity Scan assists healthcare payers in both the private and public sectors in verifying and monitoring healthcare provider licensing and credentials.^{[1][2][3][4][5][9][10][11]}