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What is LexisNexis Business Data Enrichment Suite?
Fostering existing business connections is vital for effective risk management strategies. The LexisNexis® Business Data Enrichment Suite simplifies this task with remarkable efficiency. By utilizing a vast database filled with current information alongside sophisticated analytics, you can quickly upgrade customer profiles, close informational gaps, and stay updated on any shifts that could alter your risk environment. Furthermore, this suite proves to be an indispensable tool for uncovering the best methods to tailor your products and services to meet customer needs. Tailored batch packs are offered to pinpoint and define the details of important business figures, such as executives, owners, and representatives, while also delivering critical company data like address, phone number, and estimated size, which aids in calculating annual revenue and employee counts. You can easily organize and classify your clients using SIC and NAICS codes, which helps reduce risk exposure, enhances regulatory compliance, and upholds internal policies. This all-encompassing strategy not only improves risk management but also cultivates more robust relationships with your clients, which is essential for long-term business success and stability. By investing in such tools, organizations can position themselves for proactive decision-making and sustained growth in their respective markets.
What is LexID?
LexisNexis utilizes a proprietary linking technology paired with its unique identifier, LexID®, to accurately resolve, match, and manage data pertaining to over 276 million consumer identities across the United States. This innovative linking and clustering method forms the backbone of various LexisNexis products designed for authentication, verification, and identity management. When a new record is obtained, LexisNexis assigns it a distinct LexID® that remains unlinked to personally identifiable information, such as social security numbers, ensuring privacy. Records that contain shared data elements are connected through LexisNexis® patented Scalable Automated Linking Technology, which facilitates the assignment of a consistent LexID. The identity profiles are continuously updated to reflect new records, maintaining the currency of the information. This ongoing refinement process results in an exceptionally accurate depiction that captures the evolution of identities over time, thereby significantly improving data reliability. Additionally, this meticulous approach allows LexisNexis to adapt to the dynamic nature of consumer identities, ensuring their products remain effective and trustworthy.
Integrations Supported
Integrations Supported
KAPS
LexisNexis InstantID
LexisNexis SmartLinx Person Report
Mortgage Industry Data Exchange (MIDEX)
API Availability
API Availability
Pricing Information
Pricing not provided
Pricing Information
Pricing not provided
Supported Platforms
SaaS
Supported Platforms
SaaS
Customer Service / Support
Standard Support
Web-Based Support
Customer Service / Support
Standard Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Training Options
Documentation Hub
Company Facts
Organization Name
LexisNexis Risk Solutions
Company Location
United States
Company Website
risk.lexisnexis.com/products/business-data-enrichment-suite
Company Facts
Organization Name
LexisNexis
Date Founded
1970
Company Location
United States
Company Website
risk.lexisnexis.com/our-technology/lexid
Categories and Features
Data Enrichment
Not specified
Categories and Features
Identity Verification
Not specified