Double Credit Fraud Detection

Double Credit Fraud Detection is a product for decrease in level of fraud in financial institution.

The solution Double Antifraud helps to lower default rate indicators on the loan portfolio and to reveal internal fraud in the credit and financial organization.

Software:

• integrates information on the borrower and his environment from open sources with information which the bank has;
• reveals rules and dependences of fraudulent character which lead to losses;
• it is built in the credit pipeline as one of the systems of the automated decision-making.

A system is equipped with considerable opportunities of identification of templates of fraud using social networks, and using analytics of Big Data reestablishes social communication between swindlers. On the basis of templates and the saved-up examination rules which join in process of issuance of credit are developed for the client and allow to prevent fraud.

This tool is relevant as swindlers often use electronic channels for involvement of "beginners" and communication among themselves.