Russia’s OTP Bank Stops Up to 300 Potentially Fraudulent Loan Applications Every Month with Experian’s Hunter Anti-Fraud Platform

Posted by Joachim Bartels | Oct 3, 2016 | Experian, Fraud Solutions, Member News, Platforms / Workflow Tools, Russia, The BIIA Network | 0 |

Russian retail lender OTP Bank is detecting and stopping up to 300 suspicious loan applications every month, thanks to a partnership with Experian, the global information solutions company.

OTP Bank implemented Experian’s Hunter anti-fraud platform for retail lending just over six months ago. It has already proved invaluable to OTP Bank, thanks to its efficiency and ability to directly embed it into the bank’s strategic fraud analysis.

Experian’s Hunter is a decision-making system that automatically analyses customer data for reliability and consistency. Using pre-set rules, it detects fraud at the application stage. It is also constantly enhanced as new forms of fraud emerge. Besides Hunter, OTP Bank is also successfully operating Experian’s Tallyman system, designed for the management of overdue debt.

Source: Experian News

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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