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The table below summarises some key information about RiskNarrative from LexisNexis Risk Solutions and Socure ID+ Verification from Socure, giving you some points to compare.
| RiskNarrative | Socure ID+ Verification | |
|---|---|---|
| Product Use-cases | ||
| Product Description |
RiskNarrative, offered by LexisNexis Risk Solutions, is a comprehensive decision-making platform designed to streamline customer onboarding and risk assessment processes. By analyzing customer data, the platform identifies risks associated with fraud, financial crime, and regulatory compliance in real-time. The solution integrates seamlessly with internal systems, offering customizable workflows, automated decisioning, and actionable insights. RiskNarrative empowers businesses to enhance onboarding efficiency, mitigate risks, and maintain compliance while delivering an exceptional customer experience. |
Socure ID+ Verification is a comprehensive digital identity verification platform that utilizes advanced AI and machine learning to analyze various identity attributes, including name, email, phone number, address, and more. By integrating data from multiple authoritative sources, it provides real-time, predictive analytics to accurately verify identities, reduce fraud, and ensure compliance with regulatory requirements. This solution enhances customer onboarding by minimizing friction and increasing approval rates. |
| Vendor | LexisNexis Risk Solutions | Socure |
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| Vendor Headquarters | United States | |
| Vendor Founded | 1970 | |
| About the vendors |
LexisNexis Risk Solutions is a global data and analytics company that provides information-based analytics, decision tools, and data management services to help organizations make informed decisions, stay compliant, reduce risk, and improve operations |
Identity verification and fraud prevention |
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