Recognize and stop fraud
Analytics-based solution to help combat fraud
FraudIQ Identity ScoreTM delivers identity insights that detect linkages and suspicious patterns, helping determine that the customer is who they claim to be. Using these insights and customizable scoring, you can make critical decisions in real time when spotting potential fraudulent requests – often without increasing manual reviews or sacrificing customer satisfaction.
The model leverages Equifax’s advanced keying logic to validate components of an applicant’s identity. This keying technology drives down the number of false positives that normally accompany fraud products. As shown by Equifax’s customer validation studies, decisions based not only on high-quality data about an individual from multiple data assets, but also with advanced analytics, can result in an almost 25% reduction in false positive rates.