Financial institutions are at high risk of falling victim to fraud and identity theft. This can result in significant financial losses and damage to their reputation. Our automated ID verification solution helps financial service organisations to identify fraudulent data at an early stage, reducing the risk of financial damage. By implementing our pre-screening software into their customer onboarding and KYC processes, financial institutions can greatly reduce their exposure to fraudulent activity and protect their bottom line.
Effective Data Verification
Financial institutions such as banks, insurance companies and other financial service providers face the challenge of verifying the identity of their customers while maintaining a positive customer experience. The process of customer onboarding and Know Your Customer (KYC) procedures can be time-consuming and costly, making it important for these organisations to have an efficient and effective solution in place. Our IDFEX solution is assisting with reducing the risk of fraud and ensuring that they are working with legitimate customers.
Identify fraudulent data
Protect from deceased Identity Fraud
Fraudsters are always attempting to use the identities of deceased individuals to carry out illegal activities. With our cutting-edge identity pre-screening solution, IDFEX and our approved Australian Death Check data services, our clients can effectively detect and prevent such fraudulent attempts. Our solution can accurately identify any instances of deceased details being used, which significantly reduces the risk of financial damage and helps organisations maintain the integrity of their customer data.
Multiple Source Record Detection
Protect your organisation from potential fraudsters with IDFEX’s ability to detect and display multiple source records for a single customer. Our advanced displays data from multiple sources, providing you with a comprehensive view of a customer’s information and ensuring that they are not using multiple identities or addresses. This added level of security helps you to ask questions, make decisions, reducing the risk of financial damage and supporting your efforts to combat identity theft and fraud in the financial services sector.
Fraud Detection
Fraud Detection is Essential for the Financial Services Sector
The financial services sector must arm itself with robust fraud detection tools to fend off the ever-evolving tactics of criminals and safeguard the hard-earned money of millions of customers. Equipping the financial services sector with advanced fraud detection tools is no longer a choice but a mandatory requirement to combat criminals and safeguard the interests of customers and the economy.
What our customers say about IDFEX
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INTRODUCING IDFEX
IDFEX can also help with
Employment Checks
IDFEX's red flag system alerts employers to discrepancies in applicant information, preventing potential problems. This due diligence helps avoid hiring individuals with fraudulent or criminal history, protecting businesses and employees.
Employment Checks
Identity Pre-screening
Our solution validates customer identities, ensuring services are provided to the correct person. It quickly identifies anomalies in data, like false addresses and contact details.
Identity Pre-screening
Financial Services
Our solution aids customer onboarding and KYC processes for financial institutions, detecting fraudulent data before significant expenses are incurred and limiting financial loss.
Financial Services
Fraud Prevention
Quickly flag erroneous data, including names, phone numbers, addresses, dates of birth, email addresses, and social media information. Confirm customer identity with ease and verify key application details.
Fraud Prevention
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“Idfex has an amazing match result and we are passing almost 80% of queries. It’s great how you can also validate more than just their names and addresses and include phones, emails and social media."
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Product Solutions
Our Products
For over a decade, we’ve been helping organisations overcome their data challenges, particularly when it comes to enhancing the strength and completeness of Australian Consumer data.
Quester
Effortlessly target your ideal consumer audience and launch your campaign with our user-friendly platform, where you can quickly and easily download Australian marketing lists in minutes.
Caspar
With Caspar, tracking down missing debtors and persons of interest has never been easier. Easily uncover their contact information and reconnect with them in a snap.
Insiight
Our self-service datawashing platform allows for the repair, validation and enrichment of outdated Australian Consumer data. Improve the quality of your data in minutes.
IDFEX ID Check
Stay compliant and secure with our comprehensive identity verification and risk assessment solution, featuring validation, verification and matching of various metrics.
ADC Death Check
Protect your business reputation with our Australian Death Check solution. Maintain data accuracy as required by law, improve customer experience, save money and fight fraud.
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