Fraud prevention got a major upgrade

Fraud prevention got a major upgrade

April 7, 2016 by Erki Kert

We have added 2 additional features to our credit scoring and fraud detection tools to cover an even wider spectrum of potential fraudulent activity. As a result, we are now doing more than 10 completely new fraud checks in order to better identify the people with bad intentions. The new checks are based on the user’s email address and phone number.


Based on those 4 pillars of sophisticated checks, we are able to identify a large spectrum of potential fraudulent activity without any additional friction to the credit application process. The new fraud flags are delivered to our clients via the same API connection as our existing solutions to better manage their credit quality and issue more credit.

MNewCorrelationsost of the additional fraud flags can also be plugged into credit scoring algorithms. For example, we’ve seen strong correlation between credit quality and phone number status (whether number is available, unavailable or altogether invalid). Also, the fact that the number has changed operators too is often associated with increased credit risk.

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