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LexisNexis Releases New Authentication Solutions

The products are designed to help financial institutions authenticate individuals who perform repeated high-risk, high-value transactions.

Atlanta-based LexisNexis Risk Solutions announced it two new multi-factor authentication solutions to help financial services companies authenticate individuals who perform repeated high-risk, high-value transactions through remote channels, including the Web, mobile and voice.

[Click Here for More on Authentication Tools for FIs.]

One of the new solutions, LexisNexis One Time Password, is an authentication method that provides business and government organizations the ability to have stronger authentication during high-risk, high-value customer transactions by offering an alphanumeric code that can be sent via SMS text, e-mail or phone on a device the user currently possesses.

The other new product, LexisNexis Voice Biometrics, is an advanced biometrics speaker verification system that verifies a speaker's identity based on their voice, the company said.

"In today's high-risk environment, multiple forms of user authentication are a must-have for any organization that relies on compliance and information security for effective operations," said Dennis Becker, vice president, corporate markets, LexisNexis, in a statement. "Everything hinges on the true identity of the user; and if identities are not properly authenticated, then an enterprise has no assurance that access to resources and services is being properly controlled."

The new services will be available through LexisNexis IVR on Demand, which includes identity proofing and voice biometrics solutions via a hosted Integrated Voice Response (IVR) that can be easily and quickly integrated into a company's current workflow.

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

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