Technology Awards 2021 – Best Cybersecurity Solution

2021 Winners


Best Cybersecurity Solution


Cameron Church
director of ThreatMetrix®, LexisNexis® Risk Solutions

Over the course of the pandemic, establishing digital identities and trust has grown in importance and complexity. On the other hand, there has been an enormous rise in transactional, bot-initiated and identity fraud rates in Asia-Pacific, making it crucial for companies operating in the region to protect their businesses and consumers from fraudsters.

Our commitment to combating fraud is reflected in the array of innovative, award-winning, multi-layered solutions with which we arm our customers.

LexisNexis® Risk Solutions has been named provider of the Best Cybersecurity Solution at Asian Private Banker’s Technology Awards for the third consecutive year, in recognition of the vendor’s consistency and commitment to providing a comprehensive offering in a fast-evolving sector.

Ensuring the integrity of the digital operations of private banks in Asia-Pacific has proved all the more difficult since the onset of the COVID-19 pandemic at the start of 2020. The health crisis has rapidly accelerated the adoption of digital tools by the wealth industry, but it has equally led to increasingly sophisticated frauds that target the sector and its clients.

LexisNexis® Risk Solutions has demonstrated to be up to the task of safeguarding the region’s private banks from ever complex threats, as evidenced by the company’s submission for the Technology Awards 2021.

The company’s cybersecurity offering comes in the form LexisNexis® ThreatMetrix®, which combines public and proprietary identity networks with artificial intelligence (AI) and machine learning (ML) to analyse client behaviour and determine potential identity fraud before it takes place.

Among the key enhancements LexisNexis® Risk Solutions made during the period under review for the awards was a sharper focus on email addresses as a unique identifier for likely fraudulent activity. Following the acquisition of Emailage® in early 2020, LexisNexis® Risk Solutions markedly bulked up its capabilities in this regard. The technology allows private banks to analyse whether an email provided by a potential client during the KYC process is fraudulent, based on metadata embedded within the domain name and other risk indicators.

LexisNexis® Risk Solutions said that its business over the last 12 months had continued to gain traction with private banks in Asia-Pacific and it had targeted its services to cater to specific regulatory changes relevant to the industry that were rolled out in 2021.

That is why LexisNexis® Risk Solutions is Asian Private Banker’s 2021 winner of the Technology Award for Best Cybersecurity Solution.