Combination of data, analytics and decisioning gives clients the opportunity to underwrite more thin file applicants and tackle first-party fraud
DALLAS, Jan. 25, 2018 – GDS Link, a global provider of risk management solutions and consulting for multiple verticals within the financial services industry including marketplace lending, retail finance, alternative financial services, credit card, auto, and business lending and leasing, today announced that it has finalized the acquisition of Fraudscreen, the UK’s leading provider of analytics to identify first-party fraud.
“Fraudscreen is unique in the UK, bringing together diverse data into their products and is a welcomed addition to the software and decisions solutions for which GDS Link has a growing world-wide reputation. We can now provide additional indicators to our clients that look at the intent and honesty of customers at key life cycle decision points” said Paul Greenwood, President and Co-founder of GDS Link.
Andrew Carter, Managing Director of Fraudscreen, welcomed the acquisition and commented that “the transaction provides synergies for both companies which is truly win/win. Being part of a rapidly expanding decision solutions company will enable faster growth for all and more innovative solutions for both Fraudscreen and GDS Link clients.”
Fraudscreen exists to make it harder for people to gain financially through dishonesty and to make it easier for honest people to be identified and therefore treated accordingly. Fraudscreen operate a closed user group of retail, payments, financial services and insurance information and use this with their bespoke algorithms to identify behaviours. Fraudscreen has a broad customer base ranging from insurance uses at pricing, data enrichment and claims, whilst they add an extra dimension in financial services in credit risk and customer management decisions making more comprehensive decisions possible.
About GDS Link
GDS Link’s core platform, DataView360®, provides its clients in multiple financial verticals with the power and flexibility to rapidly implement their credit risk strategies in support of their lending and account management practices. GDS Link’s data bureau gateway provides easy access to a multitude of third-party data sources in support of risk assessment, fraud prevention and mitigation, income and employment verification processes. Our workflow component fulfills a client’s requirements for processing applications that require manual intervention. Founded in 2006, GDS Link is headquartered in Dallas, Texas with seven international offices including the United Kingdom and Spain. For more information, please visit https://www.gdslink.com.
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