Automated Fraud Detection Engine
FraudSimple Machine learning and NLP driven Fraud scoring product using the power of alternate data (Enterprise data, social data, mobile data, Government data etc).
Using FraudSimple, the lenders can quickly identify any Fraudulent information/data provided by the Loan applicant in his application form.
Every loan applicant shall be given a Fraud Score through an algorithm by mapping the application data with the pertinent alternate data.
KEY BENEFITS OF USING FRAUDSIMPLE
- IMPROVED FRAUD DETECTIONS
COST EFFECTIVE VERIFICATIONS
- Algorithmic driven Fraud identifications in the Credit applications facilitating accurate and faster Fraud detections in the applications
FASTER PROCESSING OF CREDIT APPLICATIONS
- Allocate Verification resources to applicants who have high Fraud score, instead of spending time on verification of applicants whose applications can be processed without physical verifications.
- Real time Fraud assessment of each credit applicant facilitating faster and quicker processing of credit application.