Accelerate loan approvals without increasing friction or fraud
From lead evaluation to account origination and every transaction that follows, lending companies need multiple intelligent layers of verification to differentiate a trusted borrower from a fraudster. Today’s lenders are facing a multitude of challenges: regulatory scrutiny, the ever-present threat of fraud, as well as increasing pressure to get the customer experience right—every time. By taking a risk-based approach to identity verification, you can tailor your processes to match the level of risk of the transaction, enabling faster and more accurate decisions over the life of the account.
Automate approval decisions, lower acquisition costs and minimize friction—all while keeping pace with ever-changing compliance regulations and fraud schemes to stay ahead of fraud. Receive real-time notifications from IDology fraud analysts on high-risk activity across our Consortium Fraud Network to prevent known fraud from entering your system.
How we help
Streamline Know Your Customer (KYC) compliance
Satisfy regulators without adding unwanted friction for borrowers using document, data and biometric authentication that can be flexibly configured to your business needs and any risk-based approach.
Confirm the identity of your borrower
Automatically authenticate government-issued identity documents during account creation or high-risk transactions to prevent fraudsters from accessing accounts with stolen identity data.
Combat fraud with real-time mobile risk intelligence
Prevent identity fraud and account takeovers with real-time insight into your account owner’s mobile risk profile, including SIM swaps, number porting and other device changes for added confidence in verification results.
Quickly establish trusted business relationships
Optimize your Know Your Business (KYB) processes to efficiently onboard new account holders while applying multiple layers of risk detection and automated workflows to balance due diligence with customer experience.
Sector Spotlight Report: Alternative Lending
Fifty-seven percent of lenders cite shifting tactics used by fraudsters as the biggest challenges to fraud deterrence.
This spotlight will examine the lending market’s individual challenges around digital identity verification and outline our anticipated future outlook.
Testimonial
Overall, through IDology, we have been able to increase our approval rates and get more customers while also filtering out the bad ones."