SAN JOSE, Calif.--(BUSINESS WIRE)--ThreatMetrix®, A LexisNexis® Risk Solutions Company, today announced dual honors in the fintech space as it won both the LendIt Awards 2018 and the Fintech Breakthrough Awards 2018.
ThreatMetrix was named Top Enterprise Technology Company at the LendIt Fintech Industry Awards, which brought together 500 influencers and innovators to celebrate outstanding achievements of organizations in the online lending and fintech space. ThreatMetrix was recognized as the company that had demonstrated the greatest impact for the enterprise technology market.
Additionally, for the second year running, ThreatMetrix was honored by FinTech Breakthrough Awards as the Top Fraud Prevention Platform. FinTech Breakthrough is an independent organization dedicated to helping the best financial services and technology companies ‘break through’ the crowded fintech industry. The awards attract over 3,000 nominations from more than 15 countries. ThreatMetrix was recognized for its real-time, multi-layered fraud prevention technology, which analyzes over 110 million daily transactions.
“We’re honored to have been recognized for our work in the fast-growing fintech space,” said Frank Teruel, Chief Finance Officer at ThreatMetrix. “These awards are a testament to our success in helping fintechs and online lenders accelerate secure transactions through insights into true customer identity. The ThreatMetrix Digital Identity Network helps fintechs perform real-time decision-making, provide a frictionless user experience and reduce fraud. As a result, they can deploy innovative financial products and generate greater online revenue.”
James Johnson of the FinTech Breakthrough Awards said, “ThreatMetrix really stood out due to their truly unique approach to meeting the challenges facing the fintech industry when it comes to fraud and authentication. By analyzing each and every transaction through the eyes of digital identity, ThreatMetrix enables fintechs to have instantaneous decisions on whether a customer is legitimate or not. This protects long-term revenue by allowing fintechs to offer dynamic product offerings, securely, and drive exceptionally high customer satisfaction levels.”
ThreatMetrix works with over 100 fintech companies, including payment processors, online lending, peer-to-peer lending, foreign exchange and money transfer organizations. Customers in this space include Avant, BankMobile, ChimpChange, Coinbase, Funding Circle, FuturePay, Interac, Kabbage, LendingTree, LendUp, Lucky Money, PayDivvy, Social Finance, SysPay, WePay, WireCash and ZestFinance.
ThreatMetrix®, A LexisNexis® Risk Solutions Company, empowers the global economy to grow profitably and securely without compromise. With deep insight into 1.4 billion anonymized digital identities, ThreatMetrix ID delivers the intelligence behind 110 million daily authentication and trust decisions to differentiate legitimate customers from fraudsters in real time.
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX Group (LSE: REL/NYSE: RELX), a global provider of information and analytics for professional and business customers across industries. RELX is a FTSE 100 company and is based in London. For more information, please visit www.risk.lexisnexis.com, and www.relx.com.