Thank You Optimized Application Fraud Prevention: Reduce Friction and Prevent Loss
Thank You
Optimized Application Fraud Prevention: Reduce Friction and Prevent Loss
Author: Cassidy Bellville
Thank You
Optimized Application Fraud Prevention: Reduce Friction and Prevent Loss
ON-DEMAND WEBINAR
Optimized Application Fraud Prevention:
Reduce Friction and Prevent Loss
How an integrated, intelligent decisioning platform can manage all risk
Fraud threats continue to rise. Which is why financial services organizations need to continually evolve to say ahead of fraudsters. But stricter controls aren’t the only answer, because you run the risk of shutting out creditworthy customers or adding unnecessary (and unwelcome) friction to the customer journey. So how can you balance better, more accurate application fraud detection and prevention with reduced friction across the lifecycle and sustainable business growth?
A single integrated, intelligent decisioning platform that can analyze and manage all fraud and credit risk across the customer lifecycle. Join us live on June 25th as our Provenir experts share insights and guidance on how to reduce friction, prevent losses, and ensure your fraud prevention strategy can keep up with evolving threats.
Key takeaways:
- Current fraud trends, including challenges and opportunities
- Ways to mitigate fraud with better data orchestration
- Why eliminating siloed environments between your fraud and credit risk teams enables a more holistic view of your customers across the lifecycle
- How to balance customer experience and application fraud prevention with dynamic, responsive application and onboarding methods
- Why a cloud-native, flexible, scalable solution enables continuous evolution alongside changing fraud threats
- How embedded intelligence can optimize your data orchestration and fraud decisions
- Demo of the Provenir Fraud solution
Watch Now
Speakers:
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Sophia Qureshi
VP of Product Management, Fraud Solutions, Provenir
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Sam Rohde
Director of Presales, North America, Provenir
RESOURCES
Sergel
Partners
Sergel
Sergel Helps Bring in More Profitable Customers
Key Benefits
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Fast and reliable credit scoring. With scoring from Sergel, you can feel secure when you provide credit to both companies and consumers. We provide seconds-quick answers so you can sell immediately.
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Build profitable long-term customer relations. With Sergel, it is easy to determine who will be long-term profitable customers.
Sergel – From Purchase to Payment
Fully Automated.
- Your existing systems are connected directly to Sergel.
- The credit check can take place automatically when you add the customer.
- Save time and start invoicing immediately.
Profitability in Focus.
- Sergel focuses on the profitability of your customer relationship.
- You can safely say yes to more within a risk level that suits you.
- Our database is lightning fast – you can answers and can sell immediately.
Advanced Logic.
- Advanced models developed by experienced analysts.
- Sergel receives daily updated information from many sources.
- Credit checks may be stored in accordance with legal requirements.
About Sergel
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Services
- Credit Decision
- Credit Check
- Credit Scoring
- Business Credit Data
- Consumer Credit Data
- Debt Collection
- Debt Purchase
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Countries Supported
- Sweden
Bankflip
Partners
Bankflip
Employment, Incomes and Debt Data Access in Real-Time
Key Benefits
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Real-time and secured data capturing for your journeys. Makes it easy for your customers to grant you access to their private area of available Public Authorities to directly gather the documents and data required to apply for a loan, a mortgage, buy a car, get digitally onboarded in your banking app, or subscribe for an insurance. Get secured access to employment, incomes, debt/risk and other relevant data for one-time or recurrent use cases in a single flow.
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Increase conversion while cutting your costs down. By adding our solution to your application/underwriting/subscription flows, you will get all the necessary documentation and data needed in just one step (making your conversion going up) and you will be able to directly use it within the Provenir solution to automate the whole process with no humans involved.
Frictionless Data Capturing and Processing
Bankflip is the tech solution to seamlessly collect employment, incomes, debt/risk, and other relevant data of your end-users to supercharge your products and solutions.
Bankflip services allow your company to collect user financial data on a permission basis. It has been designed with a special obsession on end-user experience (UX) and developer experience (DevX) to ensure the best possible usability and the easiest integration.
Supercharge onboarding for your banking app, underwriting for a loan or a mortgage, employment verification for your KYC, among other use cases with real-time, standardized and reliable data directly collected from the private area of Public Authorities.
Resources
About Bankflip
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Services
Dynamic login into the private area of Public Authorities (Tax Authority “AEAT”, Social Security “Seguridad Social”, Traffic Authority “DGT”, …) via Cl@ve and phone number registered
Automatically collect all the documents you need in only one connection (cross-authority authentication)
Verified by default: documents are collected directly from the source
Documents converted into data (JSON)
Manual documents uploaded are tagged, verified and converted into data
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Countries Supported
Spain
AccountScore
Partners
AccountScore
an Equifax Company
Delivering the market-leading Open Banking solution
Key Benefits
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Automate onboarding journey. Our solution enables clients to automate and speed up customer onboarding, especially if traditionally your process has required manual assessment of applications or the need to review bank statements.
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Increase acceptance rates. Rich and granular Open Banking insights provide a comprehensive view of an individual’s circumstances allowing you to accept applicants that may have previously been declined using traditional data.
“AccountScore has enabled us to verify our customers with confidence whilst still being a simple user experience.”
Reliable, Accurate and Comprehensive Bank Transaction Data Analytics
AccountScore’s market leading analytical solution utilizes more than 22 million keywords to categorize transactions and identify insights, patterns and behavior. AccountScore enables lenders to lend more profitably whilst cutting loan processing times, completely replacing the need to collect bank statements and pay slips by substituting these with online, real-time, reliable and fully categorized transaction datasets.
Lenders can reduce bad debt and screen out any fraudulent applications whilst exceeding internal targets for processing loan applications. This ensures that relevant consumers and SMEs get the capital they need whilst ensuring clients lend with greater precision.
AccountScore’s solution enables clients across a broad range of industries to benefit from tools such as instant income verification, digital identity, credit risk indexes, affordability calculators, actionable insights, and events.
Resources
About AccountScore Services
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AccountScore Products
Income Verification: Instantly verify income, including salary, employer and benefits
Affordability Assessment: Breakdown of essential and non-essential expenditure; with a configurable disposable income calculator
Vulnerability Alerts: Key risk indicators including loss / reduction of income, high gambling, and returned direct debits
IDV & Fraud Prevention: Mixing traditional bureau data and bank-level secure customer authentication and biometrics
Commercial Risk: Verify business bank accounts to assess cashflow, liability, balance and overdraft indicators and high-risk alerts
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Countries Supported
- United Kingdom
- Spain
- Ireland
Rzolut
Partners
Rzolut
Leader in Global Risk & Compliance Datasets
Key Benefits
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Tailored Risk and Compliance Solutions. Risk and compliance proprietary data provider. Building and maintaining critical screening watchlists for the industry, driven by deep expertise in the Financial Crimes Compliance (FCC) space.
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AI-powered Datasets and Adverse Media Screening. Comprehensive, watchlist datasets and adverse media, collated using proprietary, gold-standard name matching logic and maintained using AI-powered technology designed to cover all diligence and risk management use cases. It is built for easy integration with packaged software and customers’ internal platforms alike..
“RZOLUT’s services offer invaluable insights, guiding our strategies effectively with thoroughness, accuracy, and confidence, benefiting our investments. Highly recommended.”
Simplify Compliance, Amplify Success
AdviceRobo mission is to responsibly promote financial inclusion for the next generation, globally. Younger generations possess unique attributes such as digital fluency, strong entrepreneurial spirit, and a commitment to sustainability, often overlooked by traditional financial methods. To bridge this gap, we’ve crafted an advanced data collection tool tailored for next-gen traits and behaviors.
This tool serves as the foundation for our sophisticated analytical solutions, integrating cutting-edge AI, all while upholding ethical standards and respecting privacy within the regulatory framework. Our solutions empower you to exercise greater control with automated customer data enrichment and seamless data automation through our automatic data pipelines. We also offer innovative modeling and scorecards, in addition to assisting your team in developing customized scorecards. By embracing these solutions, you can embrace the future of financial inclusion and cater to the unique needs of the next generation.
About Rzolut
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Services
PEP Bridge: Our dataset profiles Politically Exposed Persons (PEPs), individuals in key public roles susceptible to corruption or financial crimes. It provides comprehensive information including names, positions, affiliations, and connections.
Sanctions Bridge: Our dataset is a comprehensive compilation of sanctions imposed by governments or international organizations against individuals, entities, or countries.
Watchlists: Our dataset is a structured repository of information about individuals, entities, or transactions flagged for monitoring due to potential risks or suspicious activities.
Adverse Media: Our dataset aggregates information from various sources, including media outlets and public records, documenting negative events or controversies involving individuals, entities, or organizations.
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Regions Supported
- Global
RiskSeal
Partners
RiskSeal
Smart Credit Decisions Through Digital Footprints
Key Benefits
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Approval Rate Increase. RiskSeal identifies creditworthy borrowers who have no prior credit history. We help fintech companies expand into emerging markets, increasing approval rates by up to 50%.
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Default Prevention in the Early Stage. RiskSeal reduces default rates by up to 25% by providing actionable insights derived from over 140 social and digital platforms, utilizing more than 300 data points per applicant.
“RiskSeal provides a detailed profile for each applicant, covering their social media and online activities. They also return a very accurate Digital Credit Score. This helps us make informed decisions. Our approval rates increaed by 2x, with a 17% reduction in default rates and a 26% reduction in KYC spending.”
Credit Scoring and Risk Assessment Through Digital Footprints
Tailored financial solution. RiskSeal is an exclusive digital credit scoring solution tailored specifically for the financial industry.
Scoring and decision system. Our solution goes beyond simple data enrichment – it’s a complete user scoring and decision-making system.
In-depth digital profile analysis. Using just a user email, phone number, and IP address data, RiskSeal analyzes a customer’s digital footprint and provides their detailed digital profile.
About RiskSeal
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Services
- Alternative Data for Credit Scoring
- Digital Credit Scoring
- Digital Footprint Analysis
- Face Recognition
- Name Intelligence
- Geolocation Insights
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Regions Supported
- Global
LexisNexis Risk Solutions
Partners
LexisNexis Risk Solutions
Digital Identity Intelligence
Key Benefits
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Maximize trusted consumer experience and mitigate risk. Powered by digital intelligence gathered from billions of global transactions, we provide insights with advanced analytics to help you make more informed and automated risk-based decisions.
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Enrich credit decisions across the customer life cycle. Access robust insight into consumer life events, not just at loan origination but throughout the relationship life cycle. From initial customer targeting to credit risk management to ongoing account management, we can help you grow your business while managing risk exposure.
Capture More Revenue While Delivering Excellent Customer Experiences
LexisNexis® Risk Solutions is a trusted leader in providing organizations with actionable insights to manage risks, find opportunities and improve results. We understand what it takes to navigate the evolving world of risk management and deliver targeted solutions that empower well-informed decisions.
At the core of our vision is the integration of two of the most polarized, yet crucial strategic initiatives: meeting increasingly high expectations regarding customer experience while remaining vigilant to risk, escalating fraud and compliance. Our solutions help businesses make more confident trust and identity decisions across the entire customer journey. Partner with us to confidently capture more revenue while delivering excellent customer experiences.
Resources
About LexisNexis Risk Solutions
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Services
- LexisNexis® ThreatMetrix® – Real-time digital identity intelligence and risk assessment to safeguard online transactions and interactions against fraudulent activities
- LexisNexis® Emailage® – Fraud risk scoring solution that uses global email intelligence to assess risk and approve transactions
- LexisNexis® RiskViewTM – Credit risk assessment solution providing insight into key risk factors that traditional credit data alone may miss
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Regions Supported
- Global
AperiData
Partners
AperiData
Harnessing Open Banking to Revolutionize Credit Decisioning
Key Benefits
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Better decisions across the lifecycle. Our data insights improve decision consistency, speed and accuracy from customer onboarding to account management. We harness the power of Open Banking to transform credit and lending processes that power instant, responsible, and ethical decisions.
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Quick and easy to integrate. Use our developer-friendly APIs to integrate directly with your own platforms and customer journeys, unlocking all the efficiencies of data consistency and automation. Also available as a stand-alone product for your users.
“For marginal cases, traditional credit bureau data doesn’t provide sufficient information to make decisions. Using AperiData, around 90% are now approved because of the accuracy of their data.”
The Real Time Credit Reference Agency
AperiData is an FCA authorized Credit Reference Agency and Open Banking provider that uses banking data to provide real time risk insights.
We see a world where businesses can access comprehensive financial insights at their fingertips, where consumers have control over their financial data, and where data-driven decisions lead to better financial outcomes for everyone.
Our founding team bring over 100 years of combined experience gained in senior roles at organizations across financial services, software, and data service providers. This experience is embedded not only in our technology solutions but also in our proprietary delivery methodology, which enables us to efficiently implement the right solution for every client.
Resources
About AperiData
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Services
Transaction Categorization: Our machine learning models help you better understand your customer’s income and spending patterns by accurately classifying incoming and outgoing transactions into specific categories. Use this data to make more informed risk decisions and help your customers understand where they’re spending to stay on top of their finances.
Affordability: A complete, accurate snapshot of your customer’s financial position in real time. Our affordability engine uses income and expenditure categorization to accurately calculate customer affordability. Harness rich insights and trends across income, expenditure, assets and liabilities. Understand your customer’s true disposable income and affordability, including detailed breakdown of any benefits received.
Credit Console®: The Credit Console® provides you with a high-impact, high-resolution view of our rich data insights, allowing users to quickly assess your customer’s financial profile. Available as an integrated or standalone solution to be deployed for your business quickly and easily.
Credit Scoring and Risk Indicators: Access our suite of risk flags and identifiers that highlight potential high-risk activities, or areas requiring further investigation.
Identity: Improve KYC and verify customer identity with each linked bank.
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Regions Supported
United Kingdom
Equifax
Partners
Equifax
Enabling Better Customer Experiences and Driving Smarter Revenue
Key Benefits
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Credit Risk. Make more confident lending decisions and expand access to credit with alternative data and robust analytics only Equifax can deliver.
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Identity, Fraud, and Compliance. Equifax Digital Solutions can help protect your business, your bottom line, and your customers at every stage of the lending journey.
Equifax – Powering the World with Knowledge™
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by more than 14,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com.
Resources
About Equifax
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Services
- Credit Risk Solutions
- Verifications
- Identity, Fraud, and Compliance
- Data-Driven Marketing Solutions
- Alternative Data Solutions
- Portfolio Management Solutions
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Regions Supported
- LATAM
- EMEA
- North America
- Australia & New Zealand