Customers expect instant decisions and a quick, easy application process when applying for credit. With attempted fraud increasing* you need to ensure your fraud referral process does not slowdown the experience for your customers but does minimise your business risk.
Experian develop statistical models combining your data with our data and adding the expertise we have gained in key variables which predict a fraudulent event. Credit scorecards are developed to provide a probability for fraud for each applicant. The models can be segmented to predict the probability of 1st and 3rd party fraud and our scorecard monitoring service makes sure the models are stable after you set them up on your application platform.
*CIFAS Fraud Scape 2016