Experian acquires 192business
Acquisition enhances range of ID verification and fraud prevention services Experian will be able to offer clients, company says.
Global data and information company Experian has completed its acquisition of identity verification and fraud prevention firm 192business for an undisclosed amount, it has announced this morning.
UK-based 192business, that has had a strong presence in the gaming sector for many years, will now form part of Experian’s decision analytics business division.
The acquisition “further enhances the range of identity verification and fraud prevention services Experian is able to offer clients and strengthens its position across a number of rapidly growing vertical markets in the UK”, it said in a statement.
“It also provides a platform that Experian can use to deploy new services globally. The services 192business provides are used by many of its customers internationally and can be rapidly extended to new geographies,” it added.
Launched in 2002, 192business helps organisations to verify and manage the identity of their customers online in order to minimise fraud and risk.
Increasing regulation, the rise in global fraud, growth in e-commerce sales and the move from traditional offline to online identity checks have contributed to recent growth in the ID verification market.
192business provides organisations with identity verification, including personal data verification, fraud screening, online document verification and voice verification. It services a wide range of sectors including online gaming, e-commerce, insurance, utilities, retail, finance and legal services, and has more than 1,000 clients worldwide including PKR.
Gary Wood, UK & Ireland managing director for Experian decision analytics, said: “The combination of 192business’s technology and Experian’s data and analytics will help our clients in the UK and around the world to more effectively and efficiently establish the identities of genuine customers. We look forward to working together to drive greater innovation and insight for our clients.”