LexisNexis Risk Solutions, which is a part of RELX, has announced the acquisition of BehavioSec, an advanced behavioral biometrics technology provider.
Founded in Sweden in 2008 with a presence in the U.S., Canada and EMEA, BehavioSec provides a highly predictive behavioral biometrics solution that uses behavior analysis for continuous authentication to establish identity trust and help prevent fraud.
Solutions from BehavioSec will become a part of the Business Services group within LexisNexis Risk Solutions and enhance its device and digital identity-focused offerings, such as LexisNexis ThreatMetrix.
BehavioSec brings the ability to convert complex mobile signals from touchscreen and sensors into rules and advanced mobile behavioral biometric-based authentication capabilities, complementing the browser-based solutions within ThreatMetrix.
By integrating offerings from BehavioSec into ThreatMetrix, customers will also benefit from continuous authentication, advanced machine learning capabilities and additional behavioral data for enhanced authentication processes.
The new fraud prevention tool will allow access to behavioral biometric solutions by larger organizations when combined with ThreatMetrix, while serving small to mid-sized organizations seeking a stand-alone behavioral biometrics offering.
Rick Trainor, Business Services CEO at LexisNexis Risk Solutions said,
“Founded 14 years ago by a team of highly accomplished visionaries, BehavioSec is a forerunner in the behavioral biometrics segment and continues to evolve and innovate ahead of any other behavioral biometric solution available today.
Our combined customer base will benefit significantly from a blended behavioral biometrics solution within ThreatMetrix that offers more defense for customers without adding friction across the consumer journey.”
Dr. Neil Costigan, CEO of BehavioSec, added,
“I am looking forward to discovering the next phase in the evolution for behavioral biometrics alongside a successful, innovative company looking to further evolve our advanced capabilities.”
This article first appeared on Fintech News Switzerland.
