Experian India launched fraud detection mechanism named Hunter Fraud Score
Free Current Affairs to Your Email
Posted on:29 Apr 2016 14:07:25
29 April 2016 Current Affairs: Experian, the global information services company, in the last week of April 2016 launched a fraud detection mechanism named the Hunter Fraud Score.The new scoring mechanism measures the probability of fraud in a credit application across banking and insurance industries.Experian had launched the Hunter Fraud Management Services for the life insurance sector in India in March 2016.
Highlights of Hunter Fraud Score : As per Experian, the new score will help retail finance providers and insurance companies in India significantly increase their efficiency in fraud detection. Businesses will be able to identify applications that should be screened for potential fraud, and prioritise those that have a high probability of being fraudulent.This will enable the businesses to potentially lower their fraud losses and focus on approving applications from genuine customers.Hunter prevents application fraud by matching credit application data against multiple data sources, including the shared fraud data. It comprises several rules that work towards identifying inconsistencies in credit applications.The suspicious applications are moved into the investigation tool for further analysis and action.
Experian : Experian is a global information services group with operations in 40 countries.The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.Experian is a partner in the UK government's Verify ID system.
FreshersLive - No.1 Job site in India. Here you can find latest 2017 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.