What is Collaborative Identity Intelligence? 

How does Collaborative Identity Intelligence work? 

Collaborative Identity Intelligence takes the following steps for retrieving and sharing fraudulent customer information: 

1. Identity data is submitted by a financial institution for validation within the fraud network via secure API communication.   
2. PII data is anonymized by Security Nodes before being sent to the network. 
   
3. Intel from the network indicating potential fraud is returned
   
4. A risk score is generated to the institution based on the nature and likelihood of potentially  
   fraudulent activity
   
5. Automation rules are created to expedite approval or rejection of applications based on risk thresholds
   
6. Alerting and priority review queue for analyst intervention
   
7. Verified results are fed back through the secure API to update and enrich the network intelligence 

What are the benefits of a Collaborative Identity Intelligence solution?

• Increase and accelerate the detection, verification and prevention of fraud
• Collaborate between fraud and data teams for improved internal modeling 
• Reduce the cost and time of fraud investigation