Uncover fraud risk upfront, whilst enabling frictionless processing for trusted customers
LexisNexis® FraudPoint® UK uses predictive analytics powered by LexisNexis® Risk Solutions extensive data resources, advanced statistical linking and supercomputing technology, to help catch fraud at the point of customer application.
Drawing on over 1,000 fraud attributes taken from billions of public and private records, FraudPoint UK helps to uncover difficult-to-spot, suspicious connections and anomalies that might indicate a risk of fraud, allowing businesses to take action instantly and prevent fraud before it causes harm further downstream.
All of this also means a better and faster experience for genuine, trusted customers.
A perfect storm of identity fraud risk
Fraudsters are using credentials stolen from global data breaches and scams to open new accounts and carry out fraud, or take control of your customers’ accounts, to make unauthorised transactions.
FraudPoint UK can identify complex fraud threats almost instantaneously upfront, without introducing friction to the customer journey, preventing any increase in application abandonment as a result of additional checks.
What challenges can LexisNexis® FraudPoint® UK help with?
Evolving fraud threats
Reputational risk
Application abandonment
Unleash the power of predictive analytics
The FraudPoint UK API offers an analytically derived Fraud Score – either flagship or custom-built – and/or a suite of over 1,000 model-ready Fraud Attributes. Our solutions consultants will work with you to evaluate your needs and build the most appropriate solution to address your existing fraud challenges and business goals.
Extensive Data Universe
Our data universe comprises datapoints from billions of public and proprietary records, giving an accurate, near-complete account of the UK adult population. And we regularly append – not replace – our records with fresh data, ensuring a complete and accurate view of the customer, over time.
Advanced Linking
We ensure high levels of data record accuracy by matching and connecting disparate data to an appropriate customer record, using our own unique identifier, LexID®, combined with our proprietary statistical linking capability.
Sophisticated Analytics and Insights
We apply data science and leverage proprietary algorithms to provide better decision intelligence.
FraudPoint UK Benefits
Increase fraud capture rates and reduce fraud losses
Improve customer experience for trusted customers
Provide explainable intelligence for fraud risk decisions