Mark Luber is responsible for setting the worldwide vision and strategy for product and analytic development at LexisNexis Risk Solutions. He oversees the activity of more than 100 people, including a large population of data scientists. His team is responsible for designing information solutions to solve complex risk and compliance problems for the world’s most recognizable companies in the financial services, retail, e-commerce, and telecommunications industries.
Topics of Interest
Mr. Luber’s work explores how data and advanced analytics combined drives non-obvious insights at the biggest companies in the world, leading to broader societal benefits. For example, the top U.S. lenders now have the ability to determine whether occupancy fraud is occurring within their mortgage portfolios because of Mr. Luber’s innovation and work. Mr. Luber spearheaded the team that solved this problem for the industry, helping drive down occupancy fraud from 14 percent in 2014 to 11 percent in 2015, according to Fannie Mae statistics.
Mr. Luber can speak to and provide vivid examples of the following:
- How data collected and distilled benefits society by rooting out identity thieves, money launderers, and people who finance terrorism.
- Where the collected data comes from, how it is enhanced and the many different uses of this data across a particular economy.How the balance of privacy and the lack of data can jeopardize the manner in which society functions every day. Most consumers only see the costs of providing data (a data breach), but the fact is that they receive real value and benefits by sharing data.
- How data helps consumers in every transaction they make whether buying gasoline or a $5000 flat-screen television. How data influences the everyday lives of people making life easier by reducing costs while speeding transactions.
- How companies are finding the hidden value in their data and expanding their customer bases. For example, how banks use address stability data to predict whether a person will pay back a loan and healthy, long-term customer.
- How looking at data in new ways enables companies to leverage nonobvious insights that help protect society from fraudsters.
He joined LexisNexis in 2005. Mr. Luber earned a Bachelor of Arts degree in computer science from Harvard College and an MBA from Duke University Fuqua School of Business.