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Solutions > Fraud Detection |
Fraud Detection
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Custom fraud scoring models can be built specifically for your company based on a combination of internal and external knowledge sources.
Scorto™ models use artificial intelligence technology - they continuously improve over time and adapt to new trends.
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You can be alerted to potentially fraudulent applications before you book an account.
Fraud scoring models rank-order applicants according to the relative likelihood that an application may be fraudulent. Fraud scoring helps you instantly decide which of the applications should be rejected or set aside for more in-depth evaluation.
With this advanced fraud prevention tool, credit grantors can significantly reduce the application fraud rate in their portfolios, and, thus, gain a competitive edge toward profitability.
Scorto's™ fraud-scoring models can be used by credit grantors to:
- reduce credit losses and verification costs,
- achieve faster approval process,
- subject fewer valid applicants to the verification process,
- process a greater proportion of valid applicants,
- decrease investigation costs and time,
- improve consumer satisfaction.
As a result, by identifying potential fraud at the earliest point possible, lenders can increase their profits and enhance their customer service.
All fraud-scoring models are based on Scorto's™ sophisticated neural network technology and fraud control experience. These models compare application, credit and demographic information to assess fraud risk accurately and quickly.
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