Automate Fraud Decisioning With an Orchestration Platform
Learn how an automotive finance company realized a 40% reduction in manual application reviews by automating fraud decisioning with LexisNexis® RiskNarrative™. Find out more in this case study.
LexisNexis® RiskNarrative™ Automates Fraud Decisioning With Orchestration
Advantage Finance provide automotive credit to consumers who may otherwise be underserved by traditional lenders. The company needed a way to expedite fraud decisioning to positively impact customer experience. They also needed a way to automate contributory reporting to the Cifas National Fraud Database.
This case study illustrates the results Advantage Finance achieved by leveraging the RiskNarrative™ platform across key fraud decisioning and onboarding workflows.
This case study illustrates the results Advantage Finance achieved by leveraging the RiskNarrative™ platform across key fraud decisioning and onboarding workflows.
Key requirements included:
- Reduce operational costs while managing risk and mitigating fraud
- Control overall volume of manual referrals
- Minimize false positives
- Simplify Cifas reciprocity obligations by automatically filing fraud cases to the Cifas database
- Focus employee resources on high-value decisions
