Use of a system of fraud prevention based on the solution on biometric verification and identification of individuals developed by the resident of a cluster of information technologies of Skolkovo Foundation VisionLabs company allowed the Russian banks to save more than 4 billion rubles for 2015. The Bureau of Credit Histories (BCH) "Equifax Credit Services" reported about it at the end of 2016.
Economy of banks is calculated as the amount of not issued credits at the request for which fraudulent schemes, forgery documents, the request for the credit on the stolen documents, etc. were revealed.
The system of fraud prevention FPS.Bio was created and implemented in commercial operation three years ago. For last period in a system nearly 70 million biometric portraits of clients on 30 million individuals are collected that makes 40% of the active population of the country.
Heart of a system is the neural network created by VisionLabs company with assistance of BKI "Equifax" using unique algorithms. The product offered the market is capable to create a biometric portrait of the client within several seconds, to compare it to millions of similar portraits and to provide to financial institution necessary information for adoption of the credit solution.
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