SÃO PAULO — Quod, a Brazilian provider of credit risk data and modelling analytics focused on both financial and alternative data, and LexisNexis® Risk Solutions, a global provider of risk assessment and compliance solutions, announce an agreement for an equity investment in Quod by LexisNexis Risk Solutions. With the transaction, subject to customary consents and regulatory approval, LexisNexis Risk Solutions will join the group of Quod shareholders.
Established in June 2017 to implement the “Cadastro Positivo” in Brasil and provide solutions of credit risk analysis, Quod expanded its operations beyond credit. Currently, its portfolio includes fraud prevention, compliance and collection solutions for companies of all sizes in the financial, retail, ecommerce, telecommunications and other segments.
Quod and LexisNexis Risk Solutions have partnered since 2017 to build the big data technology platform used in Quod products. More recently, the parties strengthened their relationship through Quod’s successful integration of LexisNexis Risk Solutions products to help Quod’s customers fight fraud and to help customers combat financial crime and meet compliance requirements.
The agreement announced today strengthens this relationship, enabling the expansion of Quod’s portfolio. LexisNexis Risk Solutions will have shareholder representation on Quod’s Board of Directors alongside the five founding banks, which will maintain their position as Quod’s controlling shareholders.
“The investment by LexisNexis Risk Solutions is a recognition of Quod’s outstanding development to date and its future potential,” explained Cassius Schymura, CEO of Quod. “We will continue to work together to deliver solutions of credit analysis, fraud defense, identify verification and authentication to our customers so they can meet the needs of their consumers.”
Rick Trainor, CEO of Business Services at LexisNexis Risk Solutions, added, “LexisNexis Risk Solutions and Quod have worked together over the past six years and share a common mission of enabling transparency and financial inclusion. This investment is further evidence of our commitment to Brazil and this partnership and will assist Quod in accelerating their market penetration by providing critical services to businesses and consumers.”About Quod:
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions includes seven brands that span multiple industries and sectors. We harness the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit LexisNexis Risk Solutions and RELX.