Identity Fraud

Helping reduce the risk of fraud

Fraudulent applications create a significant risk to your business.  If these applications are accepted it can mean substantial financial losses in the future. We help you highlight potentially fraudulent applications at the point of acceptance - before a credit decision is made and before you suffer financial losses.

 

Veda's Identity Fraud service helps you assess individuals who are applying for credit for potential fraud. It also assists you in meeting your obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 by verifying an identity in accordance with the risk based regulatory requirements.

 

Veda's Identity Fraud service helps you:

• Acquire more 'good' business, enhancing your brand
• Reduce risks, lowering insurance risk through early identification of suspicious data
• Reduce losses, including future losses and claims processing costs.

 

 Case Study - Pepper Home Loans