Unfortunately fraud continues to rise and businesses struggle to keep pace. Introducing generic controls and unnecessarily disrupting the new account application process can lead to abandoned applications, impacting top-line growth.
Fraud Share provides the platform and a single point of reference upon which participating organisations can collectively build an in-depth view of fraud to enhance fraud detection and prevention.
Other Experian national fraud data-sharing schemes have resulted in increases in fraud detection of 45-70%.
Increased verification and controls without disrupting the user experience for good customers. Faster 'time to yes'.
Enhanced protection for consumers from identity theft, new application fraud and account takeover.
Side-by-side comparison of ‘Inconsistent’ or ‘Fraud’ data matches enables focused investigation effort and reduced investigation times.