LexisNexis Risk Solutions and Promon announced a strategic alliance to strengthen fraud prevention in mobile apps globally. The LexisNexis and Promon partnership will combine access to LexisNexis ThreatMetric digital identity, device and behavioural intelligence with Promon Shield and Promon Insight in-app protection and telemetry.

The collaboration aims to help organisations protect mobile applications from tampering and manipulation, while also enhancing risk intelligence that clients use to detect and prevent fraud.

Promon Shield provides in-app protection, telemetry collection and deployment capabilities to help secure mobile applications.

Meanwhile, ThreatMetrix delivers digital identity intelligence and risk decisioning to identify suspicious activity and is said to help teams make more informed decisions.

Grayson Clarke, Chief Commercial Officer at LexisNexis Risk Solutions, shared,

“Fraud prevention is increasingly dependent on understanding the full context of a digital interaction. Promon’s app protection capabilities complement the insights delivered through our LexisNexis Risk Intelligence Network, helping customers strengthen the signals they rely on to better detect fraud across the mobile environment.”

Daniel Kollberg, the Chief Executive Officer at Promon, added,

“We are bringing Promon Shield, mobile risk detection, behavioural insights and tamper-resistant telemetry into one of the world’s leading fraud intelligence platforms, helping organisations protect customers, reduce fraud losses and deliver safer mobile experiences.”

LexisNexis Risk Solutions offers analytics and decision tools that draw on public and industry-specific data, combining it with technology and algorithms intended to help customers assess and predict risk and improve operational efficiency.

Featured image edited by Fintech News Hong Kong based on an image by Frolopiaton Palm on Magnific