LexisNexis® FraudPoint™ UK: Securing consumer lending in a high-risk fraud landscape
Consumer lending fraud is surging in the UK. FraudPoint UK, a fraud prevention solution built specifically for UK lenders, empowers you to make informed decisions, combat application fraud, and streamline operations.
Fraud Prevention
The UK consumer lending sector thrives on trust. But with fraudsters constantly devising new methods to exploit vulnerabilities, lenders face a growing challenge: protecting both their businesses and their customers. From fabricated applications to account takeover scams, financial crime can have a devastating impact.
Learn More About LexisNexis® FraudPoint™ UK
This is where LexisNexis® FraudPoint™ UK steps in.
Built for UK Consumer Lending
FraudPoint UK is a fraud prevention solution designed specifically for the unique needs of the UK consumer lending market. Leveraging the power of LexisNexis® Risk Solutions, a global leader in data analytics and risk management, FraudPoint UK empowers lenders with the tools they need to:
Make informed lending decisions
Our solution generates a risk score for each loan application, taking into account a vast array of data points relevant to the UK consumer landscape. This score helps you identify potentially fraudulent applications, allowing you to lend with confidence.
Combat application fraud
FraudPoint UK utilises LexID®, our industry-leading identity linking technology, to uncover fraudulent identities and synthetic accounts. This helps you prevent losses from fake applications and protects your loan portfolio.
Streamline operations and reduce costs
By automating fraud checks and prioritising high-risk applications, FraudPoint UK frees up your team to focus on what matters most – serving legitimate customers. This translates to improved operational efficiency and cost savings.
Recognised Industry Leader
The effectiveness of FraudPoint UK is demonstrably successful. In the 2023 Tackling Economic Crime Awards (TECAs), FraudPoint UK was a finalist in the "Outstanding New Product, Software or Technology" category. This recognition highlights our commitment to delivering tangible results for the UK consumer lending sector.
Tailored for the UK Market
FraudPoint UK isn't a generic solution. We understand the specific challenges faced by UK lenders, including regulatory compliance and evolving fraud tactics. Our solution is built with these considerations in mind, incorporating relevant UK data sources and adhering to local regulations.
LexisNexis® Risk Solutions: Your partner in consumer lending success
At LexisNexis Risk Solutions, we are committed to partnering with UK lenders to create a safer lending environment. Our team of experts understands the intricacies of the UK consumer lending market and regulatory landscape. We offer ongoing support and guidance to ensure you get the most out of FraudPoint UK.
Ready to secure your lending future?
FraudPoint UK empowers you to make informed lending decisions, streamline operations, and ultimately, protect your business and your customers from fraud. Let's work together to build a more secure future for UK consumer lending.
Learn MoreContact us today to learn more about how LexisNexis® FraudPoint™ UK can help you achieve your fraud prevention goals.
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