LexisNexis Unveils Enhanced Identity Verification Solution
June 12, 2014
Merchants, financial institutions and other entities have access to a newly updated way to verify the identity of consumers and prospective customers. Atlanta-based LexisNexis Risk Solutions said the new version of its InstantID identity verification solution will be especially helpful in KYC efforts with underbanked consumers. The company said the new enhancements to InstantID will enable LexisNexis to identify 40 percent of consumers who have no credit file.
“Helping customers mitigate risk by verifying and validating their identities is at the center of everything we do,” said Tom Brown, senior vice president, Financial Services, LexisNexis. “With the new InstantID enhancements, our customers can make more confident acquisition decisions without compromising their customer’s experience.”