Key Partners
BOCA RATON, Fla., (September 25, 2006) – LexisNexis Risk & Information Analytics Group has aligned with Magnum Communications to create a strategic alliance that will provide critical risk management data to customers throughout the world. The LexisNexis® Risk & Information Analytics Group builds on the LexisNexis® tradition as a trusted provider and custodian of quality information, and leverages new cutting-edge technology, unique data and advanced scoring analytics to create advanced decision-making efficiencies, at the point of need. Magnum Communications is a leader in third-party data access, analysis and decision applications. Magnum Communications will integrate a suite of services from LexisNexis Risk & Information Analytics Group, enabling clients to assess risk, and verify loan and business transactions in a single, cost-effective tool.
Primarily focused on financial services, banking, automotive, telecommunications and retail sectors, LexisNexis Risk & Information Analytics Group and Magnum Communications will provide clients with a solution that includes an alternative source of data to help identify qualified prospects, detect fraud and assess risk pertaining to the non-banked population. The solution will also help clients make better decisions on accounts where bureau data is available. By combining the traditional bureau-based data resources of Magnum Communications with the wealth of customizable content from the LexisNexis® services customers will have a true end-to-end solution for risk assessment and management.
“We are pleased to provide Magnum Communications with this all-inclusive set of risk management tools,” said Greg Johnson, vice president of channel management of the LexisNexis Risk & Information Analytics Group. “With the increased appearance of fraud in the marketplace and billions of dollars changing hands throughout daily business dealings, companies need to thoroughly and efficiently analyze the potential risk of every transaction. LexisNexis Risk & Information Analytics Group and Magnum Communications are providing a solution that enables customers of any scope and size to feel confident with their risk analysis.”
“Magnum is very excited about this strategic relationship with LexisNexis Risk & Information Analytics Group. The data quality supplied is unsurpassed and will provide our clients with a great alternative to traditional bureau-based data sources,” said Carl Eikhoff, founder and chief executive officer of Magnum. “By using the LexisNexis Risk & Information Analytics Group data services in conjunction with the Magnum analytics and decision tools, the market will now benefit from being able to make smarter and more complete business and riskbased decisions in real-time,” continued Eikhoff.
By integrating services with LexisNexis Risk & Information Analytics Group, Magnum will have access to robust data in an automated fashion to feed directly into clients’ their loan application process, enabling them to more accurately decision by account. This automated integration allows Magnum to process applications with more confidence and optimize efficiencies.
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By integrating services, Magnum will have access to robust data in an automated fashion to feed directly into clients’ their loan application process, enabling them to more accurately decision by account.
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