ID Analytics Introduces ID Connect, Providing a Seamless and Safe Consumer Experience for Digital Enrollment and Applications

ID Connect Helps Businesses Drive Higher Conversion Rates While
Managing Against Fraud Risk

NEW YORK–(BUSINESS WIRE)–ID
Analytics®, LLC
, a leader in consumer risk management, today
announced ID
Connect
™, which helps businesses provide an easy, effective and safe
way for consumers to complete the digital enrollment or new account
application process. A highly configurable, software-as-a-service
solution, ID Connect is designed to help businesses from financial
services to telecommunications companies and more, streamline their
digital application and enrollment process, ensuring a frictionless
consumer experience with two key features, ID Connect Resolution and ID
Connect Photo.

ID Connect allows businesses to grow safely by increasing conversion
rates while verifying the individual’s identity and managing against
fraud risk. For most consumers initiating a transaction, ID Connect
requires a minimal amount of information to be collected to validate the
user’s identity, automatically populate fields within the application,
and perform a risk assessment, completing the application process in
seconds. An optional feature, ID Connect Photo allows the user to
populate an account enrollment form by capturing an image of their
government-issued identification card with a mobile device.

ID Analytics at Finovate

Please join Aaron Kline, Vice President of Innovation and New Ventures
at ID Analytics, for a live demo of ID Connect at Finovate
in New York on Sept. 16 at 11:30 a.m. Eastern Standard Time.

For more information on ID Connect, please visit: www.idanalytics.com
and read our blog, ID
Analytics Unveils ID Connect at Finovate Fall
.

“The amount of time and information required to apply for a new account
online makes for a cumbersome process that can alienate consumers and
cause them to abandon the system out of frustration, resulting in lost
revenue for businesses,” said Scott Carter, CEO of ID Analytics. “We are
working to change the dynamics of online customer engagement, by
empowering businesses to quickly verify the identities of consumers,
while simultaneously assessing fraud risk.”

With the rapid growth of mobile transactions it is critical for
businesses to provide a seamless digital experience for their customers.
In fact, according to a recent study from Javelin Research, “Making
Digital Account Opening Simpler Safer and Seamless
,” the volume of
accounts opened on mobile devices jumped 60 percent from 2013 to 2014.
While offering a smooth digital account opening experience is critical,
fraud risk an important concern for businesses. According to Javelin
Strategy and Research, the total cost of fraud with new bank account
openings reached $2 billion in 2014.

ID Connect verifies identities through the power of the ID Analytics ID
Network®
and offers a range of authentication methods, including
device ID and knowledge-based authentication. The ID Network® is a
unique cross-industry repository of real-time consumer information,
which has provided a comprehensive perspective on identity and credit
risk for more than a decade. With 55 million identity elements coming in
each day from leading organizations across industries – along with
details on more than 3.3 million client-reported attempts at identity
fraud – the ID Network provides a comprehensive perspective of consumer
risk.

About ID Analytics, LLC

ID Analytics is a leader in consumer risk management with patented
analytics, proven expertise and real-time insight into consumer
behavior. By combining proprietary data from the ID Network®—one
of the nation’s largest networks of cross-industry consumer behavioral
data—with advanced science, ID Analytics provides in-depth visibility
into identity risk and creditworthiness. Every day, many of the largest
U.S. companies and critical government agencies rely on ID Analytics to
make risk-based decisions that enhance revenue, reduce fraud, drive cost
savings and protect consumers. ID Analytics is a wholly-owned subsidiary
of LifeLock, Inc. Please visit us at www.idanalytics.com.

ID Analytics and ID Network are registered trademarks of ID
Analytics, Inc.

Contacts

Zeno Group for ID Analytics
Elizabeth Soares, 415-583-4433
Elizabeth.soares@zenogroup.com