Last month I published an article for Point Predictive titled Fast Money, Fast Fraud Scams. In this I highlight some of the concerns of an increasingly hot market, both in the automotive and mortgage industries. As demand for lending increases, the major competitive advantage for lenders is speed. The speed at which they approve a …
When I’m talking to fraud professionals or consulting businesses on best practices, fraud prevention can often become much more complicated than it needs to be. Although the proper approach to fraud prevention is a layered one, that doesn’t mean that the more complex the system the better it is. I typically have 3 steps to …
Say you have a thorn in your foot. You’re in extreme pain and go to see your doctor. After you’ve made it through the waiting room, checking your height and weight, and having the nurse take your vitals, you’re finally ready to see the doctor. The doctor walks in to see the thorn in your …
Card fraud has a special place in my heart. It’s where I began my career in fraud, and what helped propel me to where I am today. As a card issuer there aren’t many ways to differentiate your product from your competitors other than the benefits that are offered and APR (Maybe a cool design …
Card Fraud: 4 Keys to Building a strong Program Read More »
com·pet·i·tive ad·van·tage a condition or circumstance that puts a company in a favorable or superior business position Competitive advantage is what differentiates businesses and industries. It’s what separates and determines success. Products, business models, marketing, or sales strategy. But what about in the context of fraud prevention? When I think of competitive advantage, I think …
Competitive Advantage – Redefining Fraud Prevention Read More »
Synthetic Identity Fraud. The biggest buzzword right now in the world of financial crime. But what is it? Over the last few years I have delivered several presentations around synthetics and each time I ask two questions: Who in the room has ever heard of synthetic identity fraud? Of those, who can define it? Luckily …
Scratching The Surface – Synthetic Identity fraud Read More »
