Rick Trainor
Chief Executive Officer of Business Services

Good morning, good afternoon, and welcome. I'm Rick Trainor, the CEO of Business Services within LexisNexis Risk Solutions. I've been with RELX for over 20 years, having joined through the 2004 acquisition of Seisint and have been leading business services since 2009.

Today, we're going to give you an update on business services with a particular focus on Fraud & Identity. I'll walk you through our strategy, highlighting the sophisticated data analytics capabilities. You'll then hear about our technology approach from Risk CTO, Vijay Raghavan.

We'll then bring the Fraud & Identity business to life with 2 deep dives. Kim Sutherland, VP and Global Head of Fraud & Identity will take us through a customer case study on how customers use our Fraud & Identity solutions.

We'll then have Matt Adams CTO and Co-Founder of IDVerse; and Dan Aiello, Chief Product Officer and Co-Founder of IDVerse, walk through a new account opening case study. Afterwards, Vijay and I will come back for Q&A.

Let me start with where risk fits within RELX. In 2025, Risk represented around 36% of RELX' revenue and about 39% of the profit. Our full year revenue in 2025 was GBP 3.5 billion or about USD 4.6 billion. The long-term fundamentals of the