Atreus Application Fraud system is designed with a simple principle in mind: the best way to control fraud is to prevent fraud in the first place.
Most financial service providers are horrified when they write off a large proportion of their unpaid loans or when communication service providers find that a good percentage of the […]
In simple terms, Application fraud is the deceptive practice of applying for products or services with an intent to defraud the service provider. Application fraud is pulled off in many ways – using own identity but with subtle changes in personal details to circumvent normal personal rules checks; creating fake, synthetic or multiple identities that […]
Detecting and preventing application fraud requires more than just credit scorecards. The ability to process applications and make connections to previous fraud can go a long way to detect and prevent application fraud.
Application fraud manifests in different ways but the overarching principle that applies to Application fraud is those customers who come in with an intent to defraud the organization – i.e. applying for products or services for which they have no intent to pay.
Application Fraud Management, as we see it, is a powerful way to stop fraud from occurring in the first place. Anecdotal evidence suggests that fraudsters take full advantage of vulnerabilities in the application process and come back aggressively to exploit the system. If anyone is interested in controlling fraud, controlling application fraud should be the first step.
We are delighted to announce the release of Referrals+, a fraud search tool designed to prevent fraudsters from re-entering the network. Referrals enables Credit Control Analysts to vet a customer in near real time or batch (e.g. post connection review) as part of the