Security News > 2020 > October > LexisNexis ID Compass Platform offers multi-layered approach to identity authentication

LexisNexis Risk Solutions announced the availability of the LexisNexis ID Compass Platform for Insurance.

A multi-layered identity access management solution, the platform combines physical and digital intelligence to help insurance carriers respond to identity risk and reduce friction for consumers seeking insurance quotes and other transactions.

LexisNexis ID Compass Platform is a suite of integrated IAM products that deliver identity verification and authentication, which can help carriers avoid unnecessary risk and elevate the consumer experience by identifying and fast tracking genuine consumers while creating more friction for "Bad actors".

ID Compass uses LexisNexis proprietary linking technology and the LexID unique identifier to help resolve, match and manage information for a more accurate view of more than 282 million U.S. consumer identities.

"As consumers gravitate toward digital interactions, it is critical for insurers to defend their online businesses while keeping data secure and their customers' information safe. Our ID Compass Platform gives customers a solution to help detect and prevent unscrupulous online behavior without compromising consumer experience," said Kim Brown, Director, IAM product management, LexisNexis Risk Solutions.

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