Overview

Fraudscreen is the UK's leading solution for identifying, predicting and preventing 'first party fraud'. This is a growing and significant financial issue, costing the UK economy an estimated £5 billion per annum. It is not organised crime or identity theft. It is perpetrated by a growing percentage of consumers, using their own identities, who have deliberately chosen to behave dishonestly in their dealing with business. Examples of this behaviour include: Buying goods on credit with no intention of paying. Falsely claiming that goods were never received. Falsifying insurance claims and inflating the value of belongings. Falsely claiming a lost, stolen or damaged mobile phone to obtain the next generation handset. Intentionally defaulting on utility bill payments. Providing false or misleading information on applications. Taking out loans with no intention of repaying them. First party fraudsters behave this way because they can. There is often little deterrent to stop them and it's relatively easy to do. In many quarters it's almost becoming an acceptable form of behaviour - consider the rise in personal injury claims for whiplash. An organisation's ability to predict these 'intentions' will impact risk, marketing and collections decision-making. Fraudscreen has developed a suite of award-winning products to do just that, with the sophistication and accuracy to help businesses make a confident assessment of which customers to engage with, and on what terms.