Payments and Lending

  • More Legitimate Loans
  • Less Processing Expense
OFX Customer VideoMoneyplace Case Study

Real-Time Authentication to Accelerate Genuine Loans and Prevent Fraud

Real Time Online Fraud Prevention

Did You Know?

Attacks using stolen or spoofed identities are continuing to rise! Download Q1 2017 Cybercrime Report
Online lenders and payment processors use ThreatMetrix to identify cybercriminals early before they have a chance to submit fraudulent loan applications and payments.

Fast and easy online loans and payments attract borrowers, consumers, and cybercriminals. Fraudsters look to exploit short transaction cycles, an abundance of breached data and the anonymity afforded them by the Internet.
ThreatMetrix uses real-time, behavior-based fraud protection to help stop fraud at the front door. This mitigates fraud risk at Web speed, accelerates approvals and reduces manual reviews.

Securing Mobile Applications - Read the Whitepaper!

Detect Fraudulent Loan Applications by Leveraging Dynamic Data

With literally thousands of large-scale data breaches in recent years, cybercriminals have stitched together complete identities from information bought on the dark web. This has rendered many static identity assessment methods (e.g., user ID / password) no longer effective for online authentication. Real time analysis of dynamic information such as device, location, behavior and threats provides online lenders and payment providers a powerful tool to fight fraud without impeding legitimate customers.

Relying on static PII attributes alone would result in millions of losses. Static identity attributes are only useful when paired with dynamic user information so you can look for linkages and patterns. This makes the ThreatMetrix solution a significant component of our fraud model. - Head of Fraud, Online Lender

Reduce Operational Costs Related to Verifying Fraudulent Loan Applications

Fraudsters use stolen information for account registration. This compromises the verification process. Background, identity and credit checks are usually cleared because these are processed against legitimate identities that have been stolen. By filtering out fraudulent applications earlier in the process, lenders and payment providers reduce dependence and costs associated with verifications and manual reviews. This accelerates processing of legitimate transactions and avoids spending valuable resources reviewing fraudulent applications.

Using ThreatMetrix we can clearly see the spider web of linked, fraudulent accounts. We’ve almost got a 100% hit rate on known negative devices. - Jim Winters, Director of Financial Crime, Fraud & Underwriting, TSB

Detect Fraudulent Loan Applications by Leveraging Dynamic Data

Online lenders offer quick processing times and often cater to underbanked and unbanked clientele. To attract new customers, it’s important to ensure that fraud and security controls do not deter legitimate customers with overly aggressive or intrusive fraud controls. With ThreatMetrix lenders instantly authenticate new loan applications with up to 95% accuracy without adding additional friction to the loan application process.

ThreatMetrix allowed us to have bespoke, risk-based authentication that is ahead of the curve. We continue to improve the online experience for valued customers while removing unnecessary friction.
- Evgeny Vinogradov, Head of Data Warehousing & Analytics, Yandex.Money

Protect Against Bust-Out and Loan Stacking

Online lending can offer fraudsters a lucrative business in the form of loans they don’t intend to repay. To do this, cybercriminals use stolen credentials and cloaking technologies such as proxies or spoofed locations to mask their true identities and whereabouts. ThreatMetrix analyzes transactions from several of the largest lenders across the globe and enables them to avoid Bustout or Stacking Fraud where fraudsters use loans from one lender to pay another.

ThreatMetrix has some of the biggest banks and payments providers in the world feeding into its Network, and we can leverage that. It makes us feel protected.
- Paul Abbey, CRO, MoneyPlace

Prevent Unauthorized Access Without Adding Friction

Cybercriminals gain unauthorized account access using credentials obtained through phishing attacks, compromised devices, malicious personas, shared passwords, keyword loggers and other tricks. They know that it’s often easier to trick unsuspecting people than it is to exploit some technology loophole. ThreatMetrix looks beyond user IDs and passwords to forensically analyze account access requests. We do this in real time to identify suspicious patterns, compromised devices, unusual locations (including attempts from known botnets or hidden proxies/VPNs) and other anomalies.

ThreatMetrix was the partner we were looking for. Not only does it have robust fraud prevention capabilities but it delivered these to us in such a way that we were able to integrate data in our own risk engine and machine learning models. - WePay Online Payment Solutions

Recognize Trusted Customers Across Devices, Locations and Credentials

Lenders and payment providers want to deliver valued customers an elegant online experience. At the same time, the faster they get cybercriminals off their websites the better. To do this, they need to clearly differentiate trusted users while blocking fraudsters in real time. Companies across the globe use ThreatMetrix to transparently and instantly analyze millions of transactions each day, authenticating guests using the largest anonymized database of trusted and compromised digital identities in the world.

ThreatMetrix provided immediate peace of mind. We also knew that the tool is continuously evolving to mitigate against new types of fraud. - Kathryn Petralia, COO, Kabbage

What Our Customers Say

“Having seen ThreatMetrix in use, and having seen how well it picks up people you just don’t want on your site, we wouldn’t want to operate without it. That is the level of trust that we have got in the system now.”

People gathering around a mobile phone depicting a lack of mobile app security leading to fraudulent media transactions

Fraudulent Account

Fraudsters often use false and stolen information to open new accounts. These fraudulent accounts are then used to obtain loans and make payments. ThreatMetrix supports risk-based decisioning that prevents fraudulent accounts.

Solution Brief
Digital numbers depicting cross-channel identification and online gaming fraud

Account Takeover

Cybercriminals armed with user IDs and passwords login to customer accounts and commit fraud. This can have devastating impacts to your customers, business and brand. ThreatMetrix detects account takeover attempts in real time by stopping fraudsters at the front door.

Solution Brief
Secure Network depicting Transaction Fraud Prevention

Cross Device

Lenders and payment providers need to clearly differentiate the experience for trusted users while blocking fraud in real time. ThreatMetrix ensures online guests across web and mobile channels are legitimate before they connect to your business systems for loans and payments.

Solution Brief

ThreatMetrix Supporting Visa Consumer Authentication Service

There are more than 2.4 billion Visa cards worldwide. With the growth of digital commerce, Visa is delivering innovative solutions…

Download Case Study

Kabbage Reduces Fraudulent Loan Applications

Kabbage deployed the ThreatMetrix solution to accurately identify fraudsters using stolen credentials during the application process. The advanced solution reduces…

Download Case Study Cut Down Fraud-to-Sales Ratio by Nearly 50% YoY

Download Case Study
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