Services
Solutions Overview
Retail Credit Risk
Market Risk & Anti Fraud
Financial modeling
Technologies we offer
"If a man goes into business with only the idea if making a lot of money, chances are he won't. But if he puts service and quality first, the money will take care of itself. Producing a first-class product that meets a real need is a much stronger motivation for success than getting rich."
Joyce C. Hall (1891 - 1982) Hallmark, Inc.
Market Risk & Anti Fraud
Fraud is on the increase globally. As credit grantors and issuers become more sophisticated in identifying fraud, the fraudsters become better at masking it. Although there are numerous types of fraud, this article will focus primarily on application fraud within the consumer credit environment.
Our responsibility and involvement was to develop and maintain accurate records regarding fraud, and the actual costs and volumes
associated with application fraud are 'lost' in bad debt. We have been helping the collections department, that are faced with the fraudulent accounts, to develop instruments to trace individuals who have become delinquent. These included the development of a prevention model to ensure that fraudulent accounts are not rolling through the collection process, never making a payment, and being written-off as soon as the company's write-off policy allows.