Quickly discover hidden risk within loan and credit applications
Identity theft and synthetic identities, falsified financial information, and misrepresentation of income sources are increasingly being used to gain fraudulent access to new credit and/or repayment terms. With simple to administer voice-based questionnaires, Clearspeed helps financial institutions uncover opportunistic and organized fraud risk early in loan and credit processes, before it enters your banking ecosystem.
Falsified documentation
Loan stacking
Repayment intent
Improper use
Loan applications
- Uncover risks of falsified income, assets, addressing, or occupation
- Spot warning signs of loan stacking over short periods
- Quickly clear low-risk borrowers
Credit card applications
- Proactively detect application inconsistencies, and early risk indicators of credit default
- Validate customer's intent to use the product for legitimate purposes and to repay the facility
- Process the majority of low-risk applications faster
Debt repayment
- Better assess borrowers' ability and intent to make timely repayments
- Customize negotiation strategies
- Improve debt repayment rates
