Intelligent Solutions For Cyber Fraud Detection For Financial Institutions
What Is Synthetic Identity Fraud?
In Synthetic Identity Fraud (SIF) criminals combine real and fake information to create entirely new, fraudulent identities to infiltrate financial institutions.
After opening accounts, SIF fraudsters behave like legitimate customers while building up their creditworthiness, buying small items and making all payments on time. But it is all a façade designed to get them more credit to set up bigger scores.
To learn more about SIF, Click here.
Detect Previously Unidentified and Newly Created Fraud
Reduce Friction and the Cost of New Customer and Member On-boarding
Automate Decisions in Real Time to Reduce Manual Reviews