Real-time digital identity authentication fights fastest growing fraud segment, while reducing losses and boosting portfolio quality.
SAN FRANCISCO, March 23, 2021 — SentiLink, a leader in identity verification technology, today announced that it will be offering its synthetic fraud scores through the Teletrack platform. Teletrack is a subsidiary of CoreLogic, a leading global property information, analytics and data-enabled solutions provider. This relationship will help strengthen the authentication of customer identities for lenders and credit issuers using the Teletrack alternative credit reporting platform. Teletrack users will be able to access SentiLink solutions through their existing integrations.
Synthetic fraud is the fastest growing form of fraud in financial services, with annual fraud estimates in the billions of dollars for banks and lenders—often going undetected for years. Unlike identity theft, synthetic fraud generally lacks a consumer victim who would recognize fraudulent activity associated with their identity.
To help lenders and credit issuers avoid the risks and losses associated with synthetic fraud, SentiLink has developed solutions to address the fundamental issue of whether the name, date of birth, and Social Security number provided all belong to a single, real person. The models built to address this issue are trained by the intelligence of an expert Risk Operations team that applies clean, consistent and clearly defined fraud labels to subtle differences in synthetic identities to identify significantly more synthetic fraud with much lower false positive rate.
The Teletrack platform offers lenders and credit issuers superior access and greater insight into borrower credit risk profiles through one of the industry’s largest alternative credit databases. The platform combines upgraded services, data, products and an analytics engine to help users discover new market segments, make smarter risk decisions and grow their business throughout the credit lifecycle. SentiLink’s insights-driven approach to synthetic fraud, paired with Teletrack’s alternative credit performance data, enables lenders to reduce the risk of losses in real time and boost portfolio quality.
“As one of the leaders in synthetic fraud solutions, we are excited to incorporate SentiLink’s technology to empower our clients to fight back against financial losses from fraudsters,” said Keri Kramers-Dove, executive of Alternative Financial Solutions at Teletrack. “As a leader in the alternative credit data market for 30 years, CoreLogic Teletrack’s recent innovations have resulted in a stronger, more data enriched platform that industry professionals have come to depend on from the CoreLogic brand.”
Naftali Harris, SentiLink co-founder and CEO, expressed his company’s enthusiasm for the association with CoreLogic.
“We’re thrilled to be working with the team at CoreLogic and to help power its fraud prevention efforts. SentiLink is committed to working with companies to help protect them from synthetic fraud, as well as related emerging fraud vectors.”
About SentiLink
SentiLink is a leader in identity verification technology. SentiLink’s solutions are grounded in a deep understanding of the dynamic behaviors and tactics exploited by fraudsters. Its predictive capabilities enable real-time authentication of identities with unparalleled accuracy. Institutions doing business digitally can approve more people, faster with SentiLink’s products. For more information, please visit www.sentilink.com.
