InstantID® Q&A | LexisNexis Risk Solutions UK
InstantID® Q&A Metaphor: Man stands amongst crowd on steps - Asking the right questions can rival getting the right answers when it comes to accurate ID authentication

LexisNexis® InstantID® Q&A

Asking the right questions can rival getting the right answers when it comes to accurate ID authentication

LexisNexis® InstantID® Q&A confirms a consumer’s identity in seconds and gives your financial institution an easy, real-time way to fight identity fraud at multiple points of customer contact.

Fraud costs the UK economy approximately £52 billion** each year, with an average individual loss of £1203*.

Identity fraud alone cost UK adults £3.3 billion in 2012**. At the same time, remote service channels are creating new revenue opportunities for financial institutions through increased service delivery rates and faster account originations. Balancing these challenges to take full advantage of increasing opportunities demands a solution that authenticates consumer identities in real-time while managing the increased threat of identity fraud.

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**Annual Fraud Indicator 2013 (NFA report)

Benefits

Utilise billions of public records and confirm identities in real-time

Built-in intelligence and proprietary matching algorithms power the InstantID® Q&A question engine, which is designed to develop questions and dynamically adjust question difficulty to a level where only an individual with authentic, personal knowledge could accurately answer.

Features

Prevent identity theft and remain compliant

InstantID® Q&A – the only identity authentication solution endorsed by the American Bankers Association, delivers advanced tools to help you comply with multi-factor authentication rules.

Q&A is designed to fit your business policies and identity fraud risk tolerance levels with sophisticated features, enabling you to customise scoring parameters and measure risk as questions are asked. Pass/Fail results are delivered in real time via a secure web based portal, XML integration or at the point of sale, enabling you to confirm customer identities at the point of customer contact.


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Please call 029 2067 8555 or complete the form and we will be in touch shortly to discuss your requirements…


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