Experian has launched a new version of its Hunter fraud prevention system, with improved data sharing capabilities and 30 new and enhanced features, including automated completion of fraud submissions to CIFAS, the UK fraud prevention service, and greater sharing of fraud intelligence and investigatory capabilities across multiple business units within an organisation.
An integration with Google Maps allows fraud investigators to see how the addresses on a number of connected applications relate to each other geographically, through the use of its street view, satellite and standard map views. This will, for example, enable investigators using Hunter to spot geographic connections that are not obvious from the data, such as potential fraud collaboration between residents of neighbouring properties located on different streets, and to ensure that commercial properties are not passed off as domestic residences.
Experian’s new CIFAS Autofile functionality will enable Hunter users to automatically populate fraud submissions to CIFAS, the UK’s fraud prevention service, with the required information. This minimises the time spent keying duplicated data and can reduce filing time by a claimed 80%, dramatically improving efficiency and reducing the margin for human error.
Nick Mothershaw, UK director of identity and fraud at Experian, said: “Fraud continues to represent a clear and present danger to the bottom lines of banks, insurance companies and other financial services and credit granting organisations. The enhancements Experian has made to Hunter will improve the efficiency and effectiveness of anti-fraud capabilities with additional tools for investigation and even greater collaboration. We have enabled users to better understand the location of potentially fraudulent applications with a single click within the Hunter environment and to share fraud intelligence far more easily.”
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