Experian Fraud Score Aims to Boost Fraud Prevention in the UK
Advanced analytics technology will help more businesses and smaller organisations in the battle against fraud
Solution accurately identifies 2 in 3 frauds from the riskiest 1% of transactions
The service is independent of any data consortium membership, allowing organisations to have access to an advanced fraud prevention score ‘out-of-the-box’.
Experian technology helped prevent £1.8 billion in fraudulent transactions in the
By harnessing the insights from billions of credit applications and application data points, alongside confirmed fraud application data, the launch of Experian Fraud Score marks a new era in fraud prevention technology, widening access to this cutting-edge technology in the market.
Developed using the latest Machine Learning capabilities, front-line data analytics, and proprietary bureau and fraud outcome data, Experian Fraud Score deploys a probability scoring system from 1 to 1,000 – with a low score signifying a lower risk – to help businesses better understand the fraud risk of each new and existing customer interactions.
“Whether an organisation is taking its first step into fraud prevention, or it has a sophisticated team with multiple technologies and capabilities already in place, the solution will support businesses of all sizes in the ongoing, evolving battle against fraud.”
Delivered via the award-winning CrossCore platform, Experian Fraud Score will empower new and smaller businesses to establish their fraud prevention systems simply and help them meet any compliance requirements too.
Simply submitting basic application information such as name, address, and date of birth, and a fraud score will be returned, with additional insights into the decision available. Users will receive results in real time from the day they implement the service, giving them access to crucial information immediately.
Users will also be able access to the full suite of Experian CrossCore services and functionality, including Identity and Age Verification, Device Intelligence and other fraud prevention tools.
To find out more about Experian Fraud Score visit www.experian.co.uk/business-products/experian-fraud-score
*Online Payment Fraud report 2022,
Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime.
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Robert Goodman, PR Manager, Corporate & Business, UK&I, Experian
Tel: +44 7989 398 498 / Email: Robert.Goodman@Experian.com