02 December 2016
visit http://www.wolterskluwerfs.com

LexisNexis acquires Tracesmart

01 April 2014  |  2390 views  |  0 Source: LexisNexis

LexisNexis® Risk Solutions today announced it is expanding its identity management and fraud prevention solutions for the banking, insurance and public sectors with the acquisition of United Kingdom-based Tracesmart®.

Founded in 1999, Tracesmart is a provider of consumer data and identity, risk and trace solutions serving UK clients by delivering web-based software for tracing, identity verification/fraud prevention, anti-money laundering, debt collection and data cleansing.

"Tracesmart brings to LexisNexis a robust set of UK consumer records, allowing us to extend our capabilities beyond the US in order to better serve our customers. They are a leader in identity management and fraud solutions in the UK, and will be a natural complement to our core competencies," said Rick Trainor, CEO Business Services, LexisNexis Risk Solutions. "Leveraging our HPCC Systems technology and expertise, this strategic acquisition will help provide the foundation for us as we scale the LexisNexis risk business globally."

Tracesmart's client base includes financial services, life and pension, collections, insurance, retail, gaming, non-profit, public sector and consumer sectors.

"LexisNexis and Tracesmart share a vision for product innovation and development, supported by strong people, powerful data and cutting edge technology, said Mike Trezise, Managing Director, Tracesmart. "I'm delighted that we have been able to conclude this agreement; it's a significant and fitting outcome for Tracesmart and its workforce. The management team and staff can now look forward to drive the business to the next level and beyond, under the umbrella of a global organisation."

Acquiring Tracesmart, along with the recent acquisitions of Verid Knowledge Based Authentication Technology, WorldCompliance and MapFlow reaffirm the Company's commitment to provide, enhance and extend its capabilities in identity management and fraud prevention solutions globally.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreFind out moreVisit capgemini.com

Top topics

Most viewed Most shared
Royal Mint to issue digital goldRoyal Mint to issue digital gold
6030 views comments | 22 tweets | 21 linkedin
ING pulls plug on P2P payments app TwypING pulls plug on P2P payments app Twyp
5419 views comments | 16 tweets | 15 linkedin
R3 and Calypso to develop blockchain trade confirmation systemR3 and Calypso to develop blockchain trade...
5314 views comments | 13 tweets | 12 linkedin
EBA told that tougher authentication will have a "chilling" effect on single marketEBA told that tougher authentication will...
5284 views comments | 18 tweets | 20 linkedin
UK challenger bank Masthaven opens for businessUK challenger bank Masthaven opens for bus...
5210 views comments | 15 tweets | 13 linkedin

Featured job

to Six-Figure Base, Commission, Benefits
London, UK

Find your next job