Post Tagged with: "PointPredictive"

How Machine Learning Closes the Loop on Hidden Auto Fraud

How Machine Learning Closes the Loop on Hidden Auto Fraud

An unscrupulous finance manager can manipulate a loan application to disguise a fraud scheme and fool even the most diligent lender. To address this, lenders are increasingly enlisting the help of machines to find hidden patterns of fraud. The technique is new in the fight against automotive lending fraud, butRead More

3 Most Common Types of Fraud and Ways to Prevent It

3 Most Common Types of Fraud and Ways to Prevent It

As consumer fraud continues to rise year over year, lenders are seeking ways to detect and prevent fraudsters before the situation escalates, Frank McKenna, chief fraud strategist for PointPredictive, told Powersports Finance. Historically high lending volumes are fueling an estimated $6 billion in annual fraud losses to lenders, due to fraudstersRead More