Experian completes acquisition of 192business, strengthening global identity verification and fraud prevention capabilities
Experian®, the global information services company, today announced that it has completed the acquisition of 192business Limited, a leading UK based provider of online identity verification services. 192business will form part of Experian’s Decision Analytics business line.
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 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.
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 fraud globally, growth in e-commerce sales and the move from traditional offline identity checks to online checks are all contributing to growth in the identity 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, such as e-commerce, insurance, utilities, retail, finance and legal services, and has over 1,000 clients worldwide. Clients include Halfords, The Money Shop, Panasonic, ScrewFix and PKR.com.
Gary Wood, UK& I managing director for Experian Decision Analytics, comments: “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.”