Case Study

LexisNexis® Risk Solutions Enables NewDay to Increase Fraudulent Application Detection to 70%

LexisNexis® Risk Solutions Enables NewDay to Increase Fraudulent Application Detection to 70%

Pages 5 Pages

CASE STUDY COMPANY NewDay REQUIREMENTS • Identify credit card applications using stolen credentials. • Reduce revenue losses from fraudulent credit card applications. • Reliably identify good customers from bad actors in near real time. SOLUTION Leveraging LexisNexis ® ThreatMetrix ® digital identity intelligence, NewDay can reliably detect fraudsters attempting to apply for new credit cards using stolen identity credentials that compromise good customers’ established credit. NewDay can also differentiate good customers from fraudsters in near real time, reducing friction for customers utilizing their instant spend service. BOTTOM LINE • Successfully customized policies and models, preventing fraudsters from compromising the established credit of good customers. • Reliably detect

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