Banks and financial
The financial services industry has the highest fraud loss of any industry with over £3.6 billion (source: National Fraud Authority annual fraud indicator report, January 2011). The National Fraud Initiative provides datascreening services to help your organisation address these fraud risks.
NFI will be able to match your application secured and/or unsecured loans data to identify applicants that have no right to stay and, if applicable, no right to work in the UK allowing you to quickly authenticate the immigration status of the applicant and prevent fraudulent applications being approved.
All new applications for credit will be able to be checked on a real time basis.
Retrospective checks of your existing customer data can also be matched on a batch basis.
Further information
- Real time matching
- Banks may also be interested in our payroll data screening
- You may also be interested in our bespoke screening service
- How to take part
If you’d like more information about any aspect of the National Fraud Initiative, please contact us.