LexisNexis Risk Solutions is set to acquire IDVerse, an AI-powered automated document authentication and fraud detection solutions provider.
IDVerse's technology uses AI to combat fraud and deepfakes by verifying the authenticity of identity documents and matching consumer's faces with photos on documents.
The acquisition will integrate IDVerse's capabilities across all solutions and enhance customer readiness for future fraud threats through advanced AI-powered solutions.
The transaction is expected to close in early 2025, subject to customary regulatory consents.