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LexisNexis LexID description
LexisNexis LexID is an identity verification solution that helps businesses confirm customer identities and reduce fraud. It uses a vast network of physical and digital data to verify identities in real-time, offering insights for smarter risk decisions during onboarding and transactions. LexID is particularly valuable for financial services, ecommerce, and telecommunications companies needing to comply with KYC and CIP regulations.
Who is LexisNexis LexID best for
LexisNexis LexID offers real-time identity verification to combat fraud and streamline customer onboarding. Businesses in financial services, ecommerce, telecommunications, gaming, and transportation use LexID to verify identities using a vast data network. This improves transaction security and ensures compliance with KYC and CIP regulations. LexisNexis LexID has a 4.2/5 rating on G2 based on 16 reviews.
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Ideal for small businesses (1-100 employees), medium businesses (101-1000 employees), and large enterprises (1001+ employees).
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Particularly well-suited for E-commerce and Transportation & Logistics businesses.
LexisNexis LexID features
| Supported LexisNexis LexID verifies identities in real-time using a vast network of data. |
| Supported LexisNexis LexID automates the identity verification process for faster onboarding and fraud reduction. |
| Supported LexisNexis LexID enhances transaction security by verifying both physical and digital identities. |
| Supported LexisNexis LexID uses patented LexID® technology to link physical and digital identities for accurate verification. |
| Supported LexisNexis LexID covers 95% of the U.S. adult population and uses billions of data points for verification. |
| Supported LexisNexis LexID offers a suite of solutions to address diverse business needs and risk profiles. |
| Supported LexisNexis LexID provides fast and easy identity verification to improve customer experience and reduce fraud. |
LexisNexis LexID alternatives
Sanction ScannerBetter for AML compliance and fraud prevention. Focuses on financial institutions, especially Fintechs. Grows faster and has more momentum. Higher rated by users.Read more
iDenfyBetter for Finance, IT, Real Estate, Hospitality, and Agriculture. A LexisNexis LexID competitor growing faster with higher ratings and positive reviews about customer support and ease of use. Priced competitively with a pay-per-verification model.Read more
HyperVerge Identity VerificationBetter for medium and large businesses. A LexisNexis LexID competitor focused on financial services, gaming, and crypto, offering faster verification times and a no-code workflow builder. HyperVerge Identity Verification has more momentum and positive user reviews highlighting its accuracy and user-friendly interface.Read more
IDcheckBetter for finance and IT businesses. Focuses on cloud-based identity verification and fraud detection using biometrics.Read more
ComplyCubeHas better documented user satisfaction and perceived value. A LexisNexis LexID competitor and alternative, it is growing faster and offers more transparent pricing.Read more
LastPassBetter for password management, including secure storage, generation, and sharing. A LexisNexis LexID alternative focused on individual, family, and business password security.Read more
LexisNexis LexID FAQ
What is LexisNexis LexID and what does LexisNexis LexID do?
LexisNexis LexID is a real-time identity verification solution that helps businesses reduce fraud. Using a vast data network, it verifies identities during onboarding and transactions, aiding compliance with KYC and CIP regulations. This makes LexID valuable for financial services, ecommerce, and telecommunications companies.
How does LexisNexis LexID integrate with other tools?
LexisNexis LexID integrates with other tools through its comprehensive suite of solutions and API. This allows businesses to seamlessly incorporate identity verification into their existing workflows and platforms for streamlined onboarding and enhanced security. It offers flexible integration options for various business needs and risk profiles.
What the main competitors of LexisNexis LexID?
Alternatives to LexisNexis LexID include iDenfy, HyperVerge Identity Verification, IDcheck, and ComplyCube. These competitors offer similar identity verification services, often with a focus on fraud prevention and regulatory compliance. Some, like iDenfy, emphasize cost savings and streamlined onboarding.
Is LexisNexis LexID legit?
Yes, LexisNexis LexID is a legitimate identity verification solution. It helps businesses verify customer identities, reduce fraud, and comply with KYC/CIP regulations by using a vast network of data and patented linking technology. LexID is trusted by businesses in financial services, ecommerce, and telecommunications.
How much does LexisNexis LexID cost?
I cannot find pricing information for LexisNexis LexID. Contact LexisNexis directly to discuss pricing and determine if LexID is worth the investment for your needs.
Is LexisNexis LexID customer service good?
Based on the available reviews, LexisNexis LexID's customer service is viewed positively. Users highlight the ease of understanding and integration, contributing to a positive customer experience. Specific details on customer service interactions are limited, but the overall sentiment is favorable.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.