India Infoline’s subsidiary - India Infoline Finance has decided to implement Experian National Hunter, the fraud prevention service, in order to reduce levels of costly application fraud, which is a growing global problem. Application fraud occurs when fraudsters use another person’s identity to apply for finance or when individuals misrepresent their own information in an attempt to obtain financial services they are not entitled to.
The company will be able to detect potentially fraudulent applications and fraud rings quickly, through this Experian’s National Hunter service. The most effective strategy is to prevent the fraud at the point of application and Hunter achieves this without affecting customer service levels and turnaround times.
