On February 19, 2025, LexisNexis® Risk Solutions, part of RELX, announced the completion of its acquisition of IDVerse™. IDVerse, a provider of AI-powered document authentication and fraud detection solutions, is now integrated into the Business Services segment of LexisNexis Risk Solutions.
IDVerse's proprietary technology, powered by a deep neural network, verifies over 16,000 types of identity documents globally and uses biometric algorithms for identity verification and liveness detection to combat fraud and deepfakes. Its solutions will be available within LexisNexis® RiskNarrative® platform, LexisNexis® IDU®, and as a stand-alone solution later in the year within LexisNexis® Dynamic Decision Platform®.
Rick Trainor, CEO of Business Services at LexisNexis Risk Solutions, emphasized that AI-powered solutions are critical for defending against evolving fraud tactics, particularly AI-generated fraud. The combination of LexisNexis Risk Solutions' multi-layered identity verification tools with IDVerse's technology will provide more robust risk insights and bolster defenses against emerging threats.
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