NYSE:EFXProfessional Services
Equifax’s New Fraud Model Targets First Party Abuse And Lender Stickiness
Equifax (NYSE:EFX) has introduced Credit Abuse Risk, a new predictive fraud model that uses FCRA regulated data.
The product is designed to help lenders flag first party fraud patterns such as loan stacking and credit washing.
Credit Abuse Risk targets an area of fraud that has become a growing operational and credit loss concern for many financial institutions.
Equifax, trading at $188.18, is rolling out Credit Abuse Risk at a time when its recent share performance has been mixed, with a...