The integration of these tools is designed to enable investigators 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 with the required information.
This minimises the time spent keying duplicated data and can reduce filing time by 80% dramatically improving efficiency and reducing the margin for human error.
Large organisations running Hunter across disparate business units will also be able to centralise fraud investigation operations internally.
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.”
