Haywood Talcove, CEO, Government, LexisNexis Special Services Inc.
Haywood Talcove has transformed the government group from a single market focused on location services to one that serves 9,000 federal, state and local agencies with data and analytics tools. Under Talcove’s leadership, the business entered emerging markets with new technology that help solve verification, fraud analytics, authentication and identity-proofing issues for people and businesses.
The company has helped agencies, especially during COVID-19, shift from identity verification to authentication. Front-end identity authentication is central to how the government dispenses hundreds of billions of dollars in entitlements, stimulus, benefits and contracts to people and businesses. The technology synthesizes thousands of data sources and billions of relationships into modernized interfaces providing agencies immediate access to analytics. It creates near-frictionless identity verification for everything from unemployment insurance claims and remote government workforce access to matching of patient data providing a snapshot in time for public health researchers.
LexisNexis Risk Solutions recently acquired two fraud prevention companies, ID Analytics and Emailage, and folded them into its identity analytics offerings. The new product suite is the backbone of four consortium data networks tied together with identity linking technology.
With the multitrillion-dollar CARES Act, unprecedented fraud will continue by bad actors using data created by the explosion of online transactions and mobile devices for nefarious purposes. Criminals will become more sophisticated as government spending rises with the growing need for efficient agency services.
LexisNexis Risk Solutions is leading the charge toward data integrity and fraud prevention for businesses and people as it plays an important role in the interface between citizens and agencies. Talcove is excited to have a mission that prevents fraud, fights crime, reduces risk and provides citizens with immediate access to digital-based services.