3 ways analytics transforms fraud prevention [Video]

Automated Credit Decisioning

Incidents of identity fraud rose to sixteen-point-seven million in 2018, a significant year-over-year increase. With emerging technologies disrupting the financial services marketplace, digital lenders are a primary target for fraud.

Risk analytics solutions are critical in overcoming these challenges in three ways:

One: Gain a broader customer profile. By digging deeper into borrower data, analytics systems can identify problematic information and flag potential fraud.

Two: Improve identity verification. Big data lets you check a wider range of identity verification points, which simplifies authentication.

Three: Accelerate analysis. Slow loan approval processes can leave minimal time for fraud prevention. By automating lending analysis, workers can put more resources into security-related tasks.

Lenders need better tools to stay ahead of threats, and GDS Link provides the holistic risk analytics platform needed to gain keep fraud at bay.

Related Fraud Articles

Request a Demo

From loan originations and decisioning, to customer management and beyond, GDS Link helps thousands of clients manage risk while driving growth.

LEARN HOW