Metro Finance Cuts Fraud Losses with IDVerse® Identity Verification
See how Metro Finance uses IDVerse® identity verification to stop fraud before it happens, saving $500k annually while accelerating loan approvals.
Metro Finance Cuts Fraud Losses with IDVerse®
IDVerse® stops fraud before it happens, saving $500k annually while accelerating loan approvals.
First-tier non-bank lender Metro Finance specializes in prime commercial auto and equipment lending that delivers responsive credit and settlement services nationally. The company provides a personalized and high-service approach to vehicle financing through its range of approved brokers.
Before adopting IDVerse, verification processes varied widely between brokers - some met customers in person, others followed inconsistent practices. These gaps increased the risk of fraud and slowed loan approvals. With IDVerse’s document authentication and biometric verification, Metro Finance introduced a fast, digital identity verification process that takes less than one minute to complete.
Before adopting IDVerse, verification processes varied widely between brokers - some met customers in person, others followed inconsistent practices. These gaps increased the risk of fraud and slowed loan approvals. With IDVerse’s document authentication and biometric verification, Metro Finance introduced a fast, digital identity verification process that takes less than one minute to complete.
The results have been substantial:
- $500,000 in annual savings from prevented fraud losses
- 20 minutes saved per loan application
- Significantly reduced instances of identity takeover
By embedding identity verification into its lending process, Metro Finance now delivers faster loan approvals, improved security, and consistent compliance - benefiting both brokers and customers.
To learn how IDVerse® can help your organisation accelerate onboarding and prevent fraud, get in touch today.
