Fraud risk scores
When managing and assessing fraud risk, fraud risk scores are key, allowing businesses to establish how likely a business or individual is to take fraudulent action. Fraud analytics such as fraud risk scores should allow you to automatically approve, reject, or review certain applications or actions, saving time and money while streamlining the customer journey for tasks such as account verification.
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6 fraud and identity predictions to help you protect your business and customers
Our fraud risk scores solutions
Utilising the very latest in supervised Machine Learning capabilities, Experian Fraud Score leverages over 30 years of global fraud prevention expertise.
A batch run service that can be run on current accounts as a one off or monthly batch service.
First and third-party fraud
First-party fraud is where the applicant provides false information to get approved for credit or financial products they might not normally be approved for, while third-party fraud is where an individual’s identity or personal details are used fraudulently, without their consent or knowledge, by another party to get credit or products. This is typically called identity theft.
Effective fraud risk management covers both first and third-party fraud.
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How can our solutions help?
Hunter prevents application fraud by highlighting suspicious applications, allowing you to investigate and prevent fraud without inconveniencing genuine customers.
Detect allows you to increase your fraud protection whilst speeding up the acceptance of good customers.
Anti-money laundering and fraud
Any company handling financial transactions must implement effective AML processes to prevent money laundering and fraud – fraud risk extends far beyond banking and banks. Access to the right tools and data can help transform your approach to money laundering fraud detection and prevention, uncovering hidden risks.
Our AML solutions
Transform your approach to money laundering detection, prevention, and compliance, uncovering hidden risks relating to businesses and the people behind them.
Experian Mule Score is our latest fraud detection solution that will help all current account providers in the UK protect consumers from APP scams.
Fraud case management
An effective case management solution plays an essential role in any fraud department, providing a 360 view of your customers so that you can utilise a range of data sources from a single platform and manage all your records in one place.
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What should we expect from fraud case management in the future?
Our fraud case management solutions
Hunter prevents application fraud by highlighting suspicious applications, allowing you to investigate and prevent fraud without inconveniencing genuine customers.
Fraud strategy and consultancy
Knowing what you need to do for fraud management and assessment is one thing, but implementing these steps into your business isn’t always so clear-cut. Working with an experienced fraud consultant, such as one of our specialists, will help you ensure your business minimises risk and meets all relevant regulations, providing peace of mind.
