Experian Enhances Hunter Fraud Prevention System
Released on: February 29, 2012, 11:09 am
Experian, the global information services company, has
announced the launch of a new version of Hunter, its industry-leading
data-sharing fraud prevention system, improving the effectiveness and
efficiency of anti-fraud operations.
The upgrade – available from the end of February 2012 – enhances Hunter’s anti-fraud
investigation and collaboration capabilities with more than 30 new and enhanced
features. These include integration with Google Maps, automated completion of fraud
submissions to CIFAS and greater sharing of fraud intelligence and investigatory
capabilities across multiple business units within an organisation.
The integration of Google Maps into Hunter allows fraud investigators to see how the
addresses on a number of connected applications relate to each other geographically,
through the use of its Street View, Satellite and Standard map views. This will, for
example, 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 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 per cent, dramatically improving efficiency and reducing the margin for human
Large organisations running Hunter across disparate business units will also be able
to benefit from new collaboration capabilities and take advantage of opportunities
to centralise fraud investigation operations internally. Investigators are now able
to pull together a greater level of fraud intelligence from other parts of the same
organisation and investigate cases across all business units, increasing
productivity across the group and providing richer data through sharing of
information between departments and offices.
Nick Mothershaw, UK director of Identity & Fraud at Experian, commented: "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 fraud prevention 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."
Experian’s Hunter fraud prevention system has been used across
the UK’s banking, financial services and insurance sectors for more than 20 years to
detect, investigate and record fraud at the point of application.
Experian is the leading global information services company, providing data and
analytical tools to clients in more than 80 countries. The company helps businesses
to manage credit risk, prevent fraud and banking fraud,
target marketing offers and automate decision making. Experian also helps
individuals to check their credit report and credit score, and protect against
Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of
the FTSE 100 index. Total revenue for the year ended 31 March 2011 was US$4.2
billion. Experian employs approximately 15,000 people in 41 countries and has its
corporate headquarters in Dublin, Ireland, with operational headquarters in
Nottingham, UK; California, US; and São Paulo, Brazil.
For more information, visit http://www.experianplc.com.
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