PointPredictive Announces Auto Lending Fraud Roundtable 2018
On May 30th, 2018, Auto Lenders from around the nation will gather in a united effort to address the growing problem of auto lending fraud as well as misrepresentation leading to first payment defaults and early payment defaults. The roundtable is expected to draw more than thirty lenders representing all segments of the industry — […]
PointPredictive and defi SOLUTIONS Join Forces to Fight Rising Auto Lending Delinquency and Default Rates
New partnership enables close to 100 auto lenders turn-key access to the industry-leading misrepresentation and fraud scoring solutions. SAN DIEGO, Calif., March 15, 2018 – PointPredictive, a leading provider of machine learning fraud and misrepresentation solutions, has announced a new partnership with defi SOLUTIONS. PointPredictive brings the market-leading suite of artificial intelligence (AI) predictive scoring […]
Synthetic ID Fraud is Hot, But Think Bigger
As fraudsters become more sophisticated, more types of fraud are affecting auto finance. But rather than put the bulk of resources into emerging fraud types, auto lenders should develop a holistic approach to fighting fraud, experts say. “There is a tendency for lenders to react to the fraud of the moment,” which for now is […]
$1.8 Billion Dollar Internal Fraud Discovered at PNB
Do you think Internal Fraud is not a big deal at banks? Most banks I know don’t think they will ever get hit. But Punjab National Bank in India might change your mind. In the last week they discovered a $1.8 billion dollar fraud. 3 employees were arrested. And the bank branch where the theft […]
The Website All Synthetic Identity Fraudsters Use
I stumbled across a website that is used by anyone trying to build a synthetic identity. That’s right. And, it’s not on the dark web. It doesn’t require some special browser or password and is available to anyone – including you. Scores of tutorials on “How to Make your Own CPN” can be purchased and […]
Employee Reports Fake Accounts – No One Listens
Have you heard the phrase, “If a tree falls in the forest and no one hears it, did it actually make a sound ?” It’s a mind bender but it makes you stop and think – was a sound made? I would change that phrase just a little bit and say, “If an employee reports […]
Auto Loan Synthetic Fraud Ring Busted
An elaborate multi-loan fraud case involving 22 borrowers was uncovered by Tinker Credit Union in Oklahoma after they analyzed their charge off’s and defaults and noticed an unusual pattern. 22 loan applicants advised the bank that they paid over $2,000 each to a person Paul Barry White – the ringleader of the scheme. In exchange for […]
There Will Be Fraud (And 10 Other Predictions for 2018)
2018 will be a big year for fraud. There will be fraud, lots and lots of fraud in 2018. If that comes as a shock to you. It probably shouldn’t. Fraud has been on the rise for the last 25 years and it is showing no signs of slowing down anytime soon. As a […]
Online Fraudsters Prefer These 7 Things
Online fraudsters are clever but their patterns of fraud are predictable and can be spotted easily if you know what to look for. Feedzai, an innovative machine learning company, does just that mining predictable online patterns of fraudsters that might not be visible to the naked eye. Here are the Top 7 Preferences of Fraudsters […]
PointPredictive Enhances DealerTrace
SAN DIEGO, Calif., April 13, 2017 – PointPredictive Inc. today announced the general availability of an enhanced version of DealerTrace™, a proprietary data repository designed to provide auto lenders with a dealer-level, holistic view of fraud and early payment default risk. This solution allows most lenders to detect dealer fraud up to six months earlier […]
