Preventing intentional misuse has been extremely challenging — until now.
Stop high risk applicants who fall between the cracks of fraud and credit controls
As organizations look to grow their lending portfolios, they need new approaches to help defend against evolving risks.
Intentional Misuse of Credit (IMOC), sometimes referred to as first-party fraud, is a growing category of financial losses stemming from applicants who intend to misuse credit at your organization, yet utilize their real identities and prime or near-prime credit histories to breeze past identity proofing controls and meet credit criteria.
LexisNexis® RiskView™ Intentional Misuse combines traditional and alternative credit data to fill a gap at the point of application that allows these high-risk applicants to elude risk controls.
RiskView Intentional Misuse equips you with the targeted insights you need to support more confident lending decisions:
Improve credit abuse prediction capabilities
Leverage near-real time visibility into an applicant's credit-seeking behaviors
Take adverse action and avoid costly step-up remediation
Increase portfolio performance by reducing open-to-buy for IMOC account holders
Accelerate risk assessment with a unique view of consumer behavior
Add critical layers of protection
Detect IMOC applicants that can pass through traditional authentication controls
Identify an extensive range of intentional misuse threats
Prevent consumers who intend to utilize their personal credit history to open accounts at your organization with no intention to repay
Enhance risk management
Identify existing customers who show signs of IMOC elsewhere in the market, prior to bust-out
An easy-to-integrate solution that helps prevent future credit abuse
RiskView Intentional Misuse provides a three-digit credit risk score with reason codes that empower you to explain why suspicious applications are declined or, if approved, why they failed to qualify for the best interest rates.
Analyze for intent
Identify high-loss incidents before they can harm your organization, including first-payment defaults and bust-outs.
Decline high-risk applicants and justify your lending decisions based on a risk score and provided reason codes.
Works with existing LexisNexis Risk Solutions products
Use with LexisNexis® RiskView™ Attributes or LexisNexis® RiskView™ Scores for added protection during risk assessment.
Looking to enhance your credit risk management strategies?
LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit www.risk.lexisnexis.com and www.relx.com. Our solutions assist organizations with preventing financial crime, achieving regulatory compliance, mitigating business risk, improving operational efficiencies and enhancing profitability.
This document is for informational purposes only and does not guarantee the functionality or features of the LexisNexis Risk Solutions products identified. LexisNexis Risk Solutions does not warrant that this document is complete or error free.
LexisNexis and the Knowledge Burst logo are registered trademarks of RELX Inc. Other products and services may be trademarks or registered trademarks of their respective companies.
LexisNexis® Credit Optics® Intentional Misuse may only be accessed in compliance with the Fair Credit Reporting Act, 15 U.S.C. 1681, et seq.