FeaturedWHITE paper

  • Identifying and Streamlining Low Risk Customers or Applicants: Techniques & Benefits
    Identifying and segmenting high and low risk claims, applications or order attempts allows organizations to treat these groups differently and in ways that benefit both the consumer and the business. This can provide substantial benefits for all parties in the online lending and insurance industries while being applied at both the quote or application and claims processes.

 

This white paper is SPONSORED by:

Neuro-ID Confidence Indicator Service

Neuro-ID’s NOW Data™ is the first of its kind to provide brands with rich, unique and abundant behavioral data directly from their customers in real-time. Neuro-ID leverages patented software to monitor, analyze and score human-computer interactions in real time in order to enhance a user experience as it happens. Neuro-ID collects and measures various behavioral indicators of confidence, indecision, state-of-mind, intention and emotion. Neuro-ID calculates and delivers actionable Neuro Confidence Scores using proprietary models, which are customized to dramatically improve strategies and performance for CX, marketing, fraud and risk.

 

 

TFP

Offering a neutral, unbiased, source for information related to setting up and maintaining solutions for online payments and fraud prevention.

subscribe to newsletter

Identifying and Streamlining Low Risk Customers or Applicants: Techniques & Benefits

While most tend to focus on fraud and high risk when it comes to risk management, there is value in considering signals of low risk as well, as this can provide a more complete view of the applicant, customer or claimant. This white paper discusses strategies for identifying low risk applicants and claims for improving operational and risk management performance in the insurance and credit/lending industries.

 

Confidence Indicator white paper
  • Type: Prepared Research, White Paper, Discussion Document
  • Presented By: The Fraud Practice Inc.
  • Length: 19 pages
  • Cost: Free
  • Release Date: June 5, 2019

what to expect

Most organizations lack reliable signals of low risk for fraud or credit default screening, limiting their ability to see the full profile of the applicant or claim and often leading to unneccesary credit checks, fraud checks or investigations. This white paper discusses the value of identifying and leveraging signals of low risk within a risk management strategy, then disusses strategies and examples for doing so. This includes examples leveraging the use of policy rules, technology tools and Confidence Indicator services for screening credit and insurance applications as well as insurance claims in the online channel.

Identifying and segmenting high and low risk claims, applications or order attempts allows organizations to treat these groups differently and in ways that benefit both the consumer and the business. The lower risk applicants or claims can enjoy a smoother process, while the organizations benefits from higher conversion and lower screening costs amongst this group.

Learn more. Receive a free copy of this white paper by completing the request form below.

Additionalresources

  • fraud library confidence indicators technique page
    Confidence Indicators Technique Page - Fraud Library

    The Fraud Practice's Fraud Library Technique page describing and discussing Confidence Indicator Services as a risk management technique used in the Customer Not Present Channel.

  • Confidence Indicator Technique Course
    Confidence Indicator TECHNIQUE Course & Data Sheet.

    The Confidence Indicator Services Technique course and accompanying data sheet provide a detailed overview of how this technique works, where it is applied, how it fits into a risk management strategy as well as vendors and alternative service offerings available in the market. It is an essential resource for Banks and online lenders, insurance providers, financial services businesses and other organizations that have an on-boarding process or are considering the use of Confidence Indicator services.

requestForm

Please complete the following form and a copy of the white paper will be sent to you within 1 business day.


Web Form
Company   :
First Name   :
Last Name   :
Email   :
Phone   :
Description   :
   

 

Subscribe to our newsletter