Application fraud causes losses to financial institutions with weak fraud prevention processes. Prevention through indiscriminate manual application reviews is slow, costly and often turns good customers away. Fight application fraud with confidence using fraud analytics.
Application fraud is a growing challenge for financial institutions impacting both profitability and overall customer experience. This trend is caused by two primary factors:
Financial institutions are now more vulnerable to fraud attacks due to customers expecting a rapid response to credit applications and decreasing numbers of traditional face-to-face interactions. These factors have turned application fraud into a serious and compounding leak in the profitability of financial institutions.
Experian’s fraud expertise, best use of data and advanced analytics help financial institutions meet these growing challenges head on, and ensure the optimal fraud prevention effort is expended on new applications.
From understanding the nature of fraud, through to providing a clear, operational predictions of which new applications are most likely to be fraudulent, Experian’s Fraud Analytics have helped a long range of financial institutions around the world to:
We offer a bespoke solution, a flexible engagement model, full knowledge transfer and more than 30 years of experience in providing vital insight to financial institutions.
Experian’s Fraud Analytics: Actionable Intelligence to win the fight against application fraud.
Looking to learn more? Click here to read more about our fraud analytics solutions.