Our focus is new member application fraud identification, for deposits and loans, and also existing member portfolio reviews, with an emphasis on synthetics.
Our foundation is based on the collaborative nature of credit unions and we bring that approach as we work very closely with industry leaders and Government Regulators on the issues and trends affecting your business. We identify how best our AI fraud solutions can be applied to protect your members, minimize losses, and keep your credit union a step ahead.
THE LANDSCAPE HAS CHANGED
Today’s environment promotes online activity for credit unions at a greater pace than was ever imagined. With online membership and loan applications, the traditional approach for credit unions must change to compete. This can cause reasons for concern from multiple perspectives, but one area of major concern is the elimination of knowing your member and the opportunity for an increase in fraud. Utilizing the right solution for your credit union, a solution that provides an added lift when identifying synthetic fraud can make a significant impact on reducing loses due to fraud, a traditional rules-based solution does not provide the same results. To eliminate the vulnerabilities regarding fraud, an AI solution to assist with new account fraud detection needs to be implemented to defend your credit union.
A COLLABORATIVE PARTNER YOU CAN TRUST
As new technologies evolve so does fraud, having an experienced partner to rely on knowing that their goal is to make sure you have the most effective solution for you and your members, not for their business, is the goal of FiVerity.