Fraudpoint Score & Attributes
Combat identity fraud with sophisticated scoring
Balancing the threats of stolen, synthetic or manipulated identities with the on-demand service expectations of legitimate customers creates a significant challenge for lenders who are battling identity fraud or fending-off account takeover fraud. Protecting your business should not impact your competitive advantage or disrupt your customer’s experience. LexisNexis® FraudPoint® solutions can help prevent identity fraud, reduce costs and streamline decisions so that your business steers clear of fraud and stays focused on profitable customers. FraudPoint® solutions use comprehensive and dynamically updated identity intelligence and pattern recognition analytics to detect fraudulent applications before the application is booked—resulting in significantly reduced fraud incidents and losses. FraudPoint minimizes administrative costs associated with inefficient and unnecessary investigation to improve your bottom line. The LexisNexis® FraudPoint® Score is reported with fraud-indicative warning codes for high-risk conditions. To help pinpoint the type of fraud most likely being perpetrated against your organizations, six innovative fraud type indices are dynamically calculated and provided. FraudPoint solutions utilizes four major categories of information that provide real time visibility into identity activity and identity behavior across multiple industries. LexID®, the advanced linking technology from LexisNexis, aggregates information from 36 billion records and intelligently examines the data interconnections to provide clear perspective into the complex world of identity fraud. With an identity repository of more than 95% of the U.S. adult population, including entities with limited credit and financial histories, no other provider can offer the level of sophistication, coverage and fraud prediction. In sample validations, FraudPoint has been found to identify up to 75% of fraudulent applications in just 5.9% of a new account base.More information coming soon.