Círculo de Crédito, Featurespace to fight against application fraud in Mexico

As part of the agreement, the aim is to bring a more effective defense against application fraud to lenders in the market. The ARIC platform combines adaptive behavioural analytics and anomaly detection to automatically identify risk and catch new attacks as they happen. This is possible by learning the unique behaviours of applicants across all channels and by building individual profiles, against which it identifies anomalies.

Moreover, application fraud is applicable to fintech lenders, credit cards, bank accounts or loans, and it has become a rampant problem in Mexico. It occurs when a person intentionally modifies information in an attempt to illegally receive benefits or when a criminal steals personal identifiable information from someone and opens an account.

the paypers logo

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

 

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

 



No part of this site can be reproduced without explicit permission of The Paypers (v2.7).

Privacy Policy / Cookie Statement

Copyright