Improving Origination Fraud Detection

This whitepaper explores how the integration of address standardisation processes with fraud detection systems will increase fraud identification in Australian financial institutions.

It evaluates the effectiveness of new fraud detection tools and offers new thoughts and considerations for fraud managers and risk officers to evaluate.

Data extracted from Experian’s fraud detection system (Hunter), within two major Australian financial institutions saw the following results:

• A 47 per cent uplift in the number of fraud matches when using clean and standardised address data
• Potential for AUD $3M saving on identified new frauds in the first two years (based on 300,000 applications per month)

To gain insight into how your organisation can improve origination fraud detection, please complete the following registration form and download a copy of the paper.