Banks Can Boost Fraud Detection by More Than Ten-fold Through Better Collaboration, Research Shows
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Research from LexisNexis Risk Solutions indicates that banks and online retailers can significantly enhance fraud detection by sharing fraud intelligence. A US bank improved its detection capabilities by 1700% using combined digital identity data.
November 19, 2024 | 2:15 pm
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LexisNexis Risk Solutions, part of RELX, highlights the potential for banks to improve fraud detection by over 10x through shared intelligence. This could drive demand for their fraud detection solutions.
The report from LexisNexis Risk Solutions, a RELX company, emphasizes the effectiveness of their fraud detection solutions, which could lead to increased interest and sales. This is likely to positively impact RELX's stock in the short term.
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