Fraud detection is a balance between the speed of application processing, which affects customer service, and accurate detection of fraud. The growth in automated application processing has been positive for the customer experience and organisations have seen significant operational efficiencies. However, combined with poor economic conditions and the growth of online and mobile technology, it has opened up new opportunities for both first and third party fraudsters.
Minimising fraud losses cost effectively, with minimal staff resources and avoiding significant internal IT changes or impacting genuine customers, is a familiar challenge. Until now: Hunter is Experian’s industry leading rules-based fraud detection and prevention system. A powerful solution, it is specifically designed to identify and stop fraudsters at the point of application. With fully configurable rules, it helps organisations reduce fraud losses, whilst maintaining a rapid service for genuine customers.
Hunter is a robust and scalable solution that screens application data in real time to highlight potentially fraudulent activity. It checks against past applications to highlight potential data manipulation and anomalies and against applications which are known, or suspected to be fraudulent. Completely configurable, it can seamlessly integrate with your existing application processing system or is available as a secure, hosted web service.
Experian’s Hunter: Detect, investigate and record fraud at the point of application
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