It's critical that banks and financial institutes have a fraud compliance program in place to prevent, detect and mitigate identity theft.
Can your compliance program keep up with the regulatory market?
As fraud increases and fraudsters become more sophisticated, financial compliance is imperative to protect both your business and customers.
Experian offers authentication tools, fraud scoring models, consumer identification, credit information and decisioning tools — all of which can help you establish a federally compliant identity theft program, protect your customers and improve your bottom-line.
Ready to get started? Let us help you meet federal fraud compliance requirements.
Know Your Customer (KYC)
Know Your Customer (KYC) and Customer Due Diligence (CDD) policies are critical elements of effectively managing your business risk and protecting your business from financial crime. Knowing who you are doing business with is the first step to quickly identifying and preventing potential identity theft.
Red Flags Rule
Prevent and mitigate identity theft. The federal Red Flag Rule requires organizations to have both written and operational identity theft prevention programs to identify potential identity theft. We’ll help your business meet these mandates, identify potential red flags and catch fraud in real-time.