Combatting fraud

At a glance:

With the matching capability of our Data Platform, we can help businesses combat identity fraud across their customer base. A key area of application is the banking and financial services sector.

Our solution works by highlighting data patterns and anomalies that indicate where multiple records exist for the same person.

Our automated technology uses real-time web services to carry out data-matching checks as part of an application or assessment process and will alert you if matches or potential matches are identified.

Examples of fraud that our solution can identify include:

ID fraud

Identifying multiple records to show if a customer is applying for the same service / product / benefit many times over.

Eligibility fraud

Where a person is applying for something that conflicts with eligibility criteria they have already given to other parts of an organisation.

Location-based fraud

Where data anomalies show a person is using different addresses to make multiple applications or claims.

Our fraud solution can also link to other systems across an organisation.

Our Anti-Fraud Solution enables you to consistently manage identity checks and reduce risk across all parts of your business.

Fraud detection software

Using our Data Platform will enable you to consistently manage identity checks and reduce risk across all parts of your business. We can help organisations to share information about specific customers in controlled and compliant ways, both internally and to external business partners.

Seamless integrations

Our automated technology can also link to other computer systems within and outside of an organisation.

Easy data sharing

Cloud technology helps organisations to share information for enhanced cross-checking.

Cost effective

The advanced capability of our software reduces the need for costly and complex investigations into social housing tenancy fraud.

Automatic alerts

Automatically updates data and provides real-time alerts every time an individual or entity crosses threshold criteria.

Sentinel Platform

What is fraud prevention & detection software?

Fraud detection software is used to detect illegitimate and high-risk transactions. The software continuously monitors user behaviours and data to identify potentially fraudulent purchases, transactions, or access.

Fraud prevention and detection software is valuable for e-commerce businesses and digital banking companies, as well as local authorities, housing associations and charities to constantly monitor for potential fraudulent actions to protect customers and businesses from fraud.

The software utilised technologies such as Geolocation, Proxy Piercing, Device Fingerprinting, Address Verification Services (AVS), Fraud Scoring, Application, Submission and Order Re-Screening, Blacklisting and Whitelisting, Velocity Testing, Machine Learning, and Biometrics.

What are fraud detection & prevention tools used for?

Fraud Detection & Prevention Software can be used to detect a number of illegitimate, high-risk or fraudulent user behaviours, transactions or access requests. The extra securities afforded by the software can prevent and highlight duplicate submissions, fraudulent applications, fraudulent transactions or suspicious or high-risk user behaviours.

A key area of application is the banking and financial services sector, but its application is increasingly adopted to protect and secure areas of housing, local authorities, charities and other industries where financial security is paramount. Particularly for areas with significant security and compliance and reporting requirements, identity fraud detection is now part of the standard toolset for detecting individuals applying for the same service, product, or benefit many times over.