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LexisNexis Risk Solutions Buys IDVerse

Australia-based IDVerse, a provider of AI-powered automated document authentication and fraud detection services, has been acquired by LexisNexis Risk Solutions, a division of information-based analytics and decision tools provider RELX. Terms were not disclosed. IDVerse owns proprietary technology that operates on a deep neural network. It authenticates more than 16,000 documents from around the world, most of them government-issued. The company can deploy OCR (optical character recognition) technology to provide verification of non-identification documents such as an address. Other ...

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