LexisNexis and Promon Help Brands Fight Rising Mobile App Fraud

LexisNexis Risk Solutions and Promon are working together to help organizations protect their mobile apps from fraud.

The companies’ new alliance brings together LexisNexis ThreatMetrix digital identity, device and behavioral intelligence; Promon Shield in-app protection; and Promon Insight trusted telemetry, they said in a Wednesday (July 1) press release.

These solutions are already used by some of the world’s largest brands in sectors where mobile trust is mission critical, including financial services, payments, insurance, healthcare and digital banking, according to the release.

When the solutions are combined, they provide organizations with a more complete view of mobile fraud risk by strengthening both the application layer and the signals used for fraud detection, the release said.

The companies’ alliance arrives at a time when attackers are increasingly targeting the mobile app environment because of the importance of mobile as a channel for financial transactions and customer engagement, per the release.

Promon CEO Daniel Kollberg said in the release: “We are bringing Promon Shield, mobile risk detection, behavioral insights and tamper-resistant telemetry into one of the world’s leading fraud intelligence platforms, helping organizations protect customers, reduce fraud losses and deliver safer mobile experiences.”

LexisNexis Risk Solutions Chief Commercial Officer Grayson Clarke said in the release: “Promon’s app protection capabilities complement the insights delivered through our LexisNexis Risk Intelligence Network, helping customers strengthen the signals they rely on to better detect fraud across the mobile environment.”

The PYMNTS Intelligence report “2025 State of Fraud and Financial Crime in the United States” found that financial institutions are navigating a fraud environment that is increasingly sophisticated and adaptive.

Against this backdrop, 68% of these institutions said they increased their spending on fraud-detection solutions.

“As financial institutions continue to modernize, investments in AI, cloud infrastructure and automation are converging into hybrid models of fraud prevention,” the report said. “These multilayered strategies reflect an industry steadily moving toward continuous, intelligence-led fraud prevention systems designed to meet a more complex risk environment.”

LexisNexis Risk Solutions said in June that more than a third of retail and eCommerce firms said they had experienced significant revenue loss tied to fraud over the past year.