CURRENT AFFAIRS

Detailed explanation-1: -Ascend Market Insights provides financial institutions with access to credit and fraud data along with powerful and ready to use analytics. These insights help them to make smarter data-based decisions”, said Ashish Singhal, Managing Director, Experian Credit Information Company of India.

Detailed explanation-2: -Experian can help you: Detect cases of fraud – we support your fraud detection systems throughout the customer journey, from knowing the customer’s identity, through accepting his or her application, to growing the business by cross-selling to customers with authenticated identities.

Detailed explanation-3: -Hunter Fraud Score is a rating score launched locally in India by Experian Credit information company of India (ECICI), to detect fraud in credit applications to banks and insurance companies and help them lower their losses.

Detailed explanation-4: -Fraud detection is applied to many industries such as banking or insurance. In banking, fraud may include forging checks or using stolen credit cards. Other forms of fraud may involve exaggerating losses or causing an accident with the sole intent for the payout.

Detailed explanation-5: -Credit card fraud detection is the collective term for the policies, tools, methodologies, and practices that credit card companies and financial institutions take to combat identity fraud and stop fraudulent transactions.