Experian, Touch Bank to launch fraud prevention solution

Tuesday 20 December 2016 13:02 CET | News

Touch Bank, the digital bank of OTP European financial group has announced the launch of FraudNet from Experian for analysis of online credit applications.

Experians FraudNet is a scalable solution for the prevention of online fraud. The platform identifies fraudsters who open fake accounts, take over accounts of existing customers, or make fraudulent online transactions. It helps to minimise the risks of fraud and losses through recognition of devices used to access online services and monitoring of the related activities. and servicing transactions.

Touch Bank is performing a trial run of FraudNet, using it for all online applications for credit facilities. The technology allows them to recognize the device that was used for filling in the application form, and to match it against the black list of electronic devices and assess to what extent this device corresponds to the profile of the potential customer.

Experian is a global information services group listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

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Keywords: fraud prevention, web fraud, online transactions, banking, Experian, Touch Bank
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: World
This article is part of category

Securing Transactions