Topic: Experian South Africa launches fraud prevention tool

[Samker]

Experian South Africa has launched its latest application, a fraud prevention tool aimed at helping companies tighten security.

"Experian's application fraud prevention solution will encompass best practice consultancy and support to clients," said David Challies, who heads up Experian's Decision Analytics division in South Africa. "The launch of Hunter II into South Africa, coupled with our fraud consultancy capabilities, will provide a very compelling offering to our clients."

Hunter is a rules-based matching engine that works by screening credit applications and checking for inconsistencies in the application data supplied. It compares the information with other information on the form, with previous applications made by the individual and against all other applications held in the lender's Hunter database. It is also able to check the information against other data from internal and external databases.

Applications that have been identified as suspect can be prioritized and passed to the lender's fraud investigation team for review. The software provides the fraud investigator access to interactive tools to interpret the suspect information and determine whether it is fraudulent.

In this respect, Experian envisages that Hunter II will provide a platform for optimized application fraud data sharing across the credit lending industry in South Africa over the long term.

(NetworkWorld)