Case Studies
LexisNexis® Risk Solutions Supports Retailer’s Omnichannel Vision by Reducing Online Friction for Trusted Customers and Accurately Detecting Fraud
Overview
Analytics & Modeling - Predictive Analytics Application Infrastructure & Middleware - Data Exchange & Integration Cybersecurity & Privacy - Identity & Authentication Management | |
Retail | |
Business Operation Sales & Marketing | |
Fraud Detection | |
Data Science Services System Integration | |
Operational Impact
Achieved 4% false positive rate, significantly outperforming expectations set by the retailer. | |
Enhanced recognition of trusted customers. | |
Enhanced fraud detection. | |
Quantitative Benefit
Achieved a 4% false positive rate. | |
Projected annual fraud prevention value of approximately $19M. | |
False positive rate reduced by 25%. | |