#United States #San Francisco #AtData #CRS #Fraud Finder

CRS Partners with AtData for Enhanced Fraud Detection

In a significant move for the credit and fraud compliance sector, CRS has partnered with AtData to unveil its latest innovation: the Fraud Finder. This new solution is designed to leverage AtData’s superior email address intelligence to improve fraud detection at the initial stages of the customer journey. The primary aim is to enable credit professionals to identify signs of fraudulent activity long before any credit checks occur.

Real-Time Fraud Detection

Jason Domazet, Chief Revenue Officer at CRS, emphasized the transformative nature of the Fraud Finder, stating, "Identity verification often comes with trade-offs between cost and coverage, but Fraud Finder changes that." By integrating AtData's extensive email validation data, the Fraud Finder can detect fraudulent signals in real-time. This allows teams to intervene earlier, significantly reducing potential losses associated with account takeovers and synthetic identity fraud.

How It Works

The technology behind the Fraud Finder operates on a multi-faceted approach to analyze billions of monthly email signals. By tapping into this wealth of behavioral data, the solution provides credit teams with the tools needed to act promptly and accurately in the event of unforeseen risks. According to Diarmuid Thoma, AtData’s Head of Fraud and Data, "Email sits at the center of every digital identity," which shows the reliability of email-centric fraud detection methods compared to traditional tools.

The Fraud Finder's capabilities extend to various critical functions including onboarding new users and verifying transactions. Its robust API integrates seamlessly into existing workflows, providing businesses with structured and actionable insights necessary for swift decision-making.

A Game Changer for Credit Professionals

The collaboration between CRS and AtData represents a significant evolution in the landscape of fraud prevention. The need for accurate, efficient fraud detection tools has never been greater, especially in an era where online transactions are ubiquitous. By prioritizing email intelligence, the Fraud Finder allows companies to not only streamline their operations but also empower their lending decisions leveraging more reliable and timely data.

CRS, a trusted platform within the financial ecosystem, specializes in merging over 25 years of credit industry expertise with cutting-edge technology. Their goal is to facilitate security and compliance in lending, reinforcing economic opportunity at scale. This new solution aligns perfectly with their ethos of providing reliable and effective tools for responsible lenders.

About the Companies

Founded in 2019 and based in San Francisco, CRS has positioned itself as a valuable partner for U.S. lenders by simplifying the vetting process, compliance, and security through a single API connection. They are a subsidiary of Credit Reporting Services, Inc., a certified reseller for major credit bureaus including Experian, TransUnion, and Equifax.

On the other hand, AtData boasts over 20 years of experience in email address intelligence, recognized for its comprehensive, privacy-compliant solutions. Their innovative use of historical data and advanced machine learning techniques is at the core of real-time fraud prevention compatibility with various industries, making them a leader in this space.

The unveiling of CRS's Fraud Finder powered by AtData marks a new chapter in fraud detection and compliance, enhancing the ability to identify and mitigate risks proactively and effectively. Business leaders seeking to strengthen their fraud prevention measures will find this development notable in the ongoing battle against financial fraud.

In conclusion, the partnership between CRS and AtData signifies a step forward in safeguarding the integrity and security of the financial system, equipping credit professionals with advanced tools to ensure responsible lending in an increasingly digital world.