First Party Fraud

The following modules and products were used in the creation of this demo:

  • Data Hub Visualization
  • Advanced Matching Module
  • Name and Phone Standardization


Demo Description

First-party fraud, also known as credit muling, typically occurs when an individual obtains a loan with no intention of repayment. This can also occur by defaulting a depository account without repayment. First-party fraud is becoming one of the most common types of fraud due to advancing technology. Financial institutions are the hardest hit by these schemes. According to Javelin Strategy & Research, lenders have reported $340 million in annual losses. This video will demonstrate how you can effectively mitigate the risk of first-party fraud using the Precisely Spectrum Technology Platform.

Click the image to view a video walkthrough of the demo, or click here.

Leave a Comment