Combat identity fraud with sophisticated scoring and leading analytics.
Stay ahead of evolving threats with advanced fraud detection technology — while reducing costs and increasing efficiency.
Benefits
LexisNexis® FraudPoint® solutions detects fraudulent applications by using advanced analytics that leverage comprehensive and dynamic identity and digital intelligence. Data is updated continuously, giving you the opportunity to get ahead of fraudsters.
Protect profits with a holistic prevention strategy
FraudPoint® solutions allow organizations to identify fraud incidents before the application is booked — detecting synthetic identity and other types of fraud resulting in significantly reduced fraud incidents and losses. FraudPoint minimizes administrative costs associated with inefficient and unnecessary investigation to improve your bottom line.
FraudPoint helps you identify an applicant's risk and delivers an intelligent fraud prevention strategy using digital insights that can:
• Increase profits by realizing faster customer acquisition• Reduce operating costs
• Reduce fraudulent write-offs
• Minimize unnecessary delays in approvals for legitimate customers
• Streamline decisions to increase operational efficiencies
• Lower false positives
Features
Actionable data-driven insights
With access to some of the most authoritative fraud prevention data and analytics including digital insights, the FraudPoint solution is an analytic suite that delivers critical, relevant insight to substantially improve the ability to identify many types of fraud, including synthetic identity fraud. The FraudPoint solutions are available through the FraudPoint Score — an effective, dynamically calculated fraud risk score with associated fraud risk indices and fraud warning codes. FraudPoint is also available through FraudPoint Attributes — which provides organizations with the power of the FraudPoint Score identity intelligence for modeling within internal scoring or rules engines.
Comprehensive data sources
FraudPoint incorporates a wealth of constantly updated public records and digital insights and can evaluate up to 75 million more consumers than traditional credit bureaus. Once the data is gathered from multiple sources, it goes through a sophisticated linking and analytics process that ultimately assigns a score based on fraud potential or the lack thereof. Our comprehensive suite of investigative tools allows you to quickly research and resolve fraud cases.
Industry-specific results
An identity scoring and management solution, FraudPoint that has been tailored to the needs of financial institutions, bankcard issuers, telecommunications companies and other organizations that offer loans or lines of credit and are at risk for fraud.
Convenient ordering and delivery options
Available in batch, XML, and a simple user interface, FraudPoint solutions can be used in conjunction with other LexisNexis identity verification and authentication solutions to strengthen your prevention strategy and supporting programs.
Get it now: For more information about FraudPoint, please call 1-408-200-5755.