FraudNet by Experian is a flexible solution designed to combat online fraud. This platform detects fraudulent activities such as the creation of fake accounts, unauthorized account takeover, and fraudulent transactions. By monitoring device usage for accessing online services, it helps in minimizing financial risks and associated losses.
Touch Bank is currently testing FraudNet for its credit facility applications, deploying it across all online processes to enhance security. The system can recognize the specific device used during the application process and cross-reference it against a blacklist of known devices to ensure the applicant’s profile aligns with the typical user behavior.
Experian operates as a leading global information services company, listed on the London Stock Exchange and included in the FTSE 100 Index.
