Published on 01 June 2009

In difficult economic conditions, the scale of fraudulent credit applicants increases, putting greater pressure on automated decisioning systems and the manual checks that supplement them.

Fraudulent applicants are using greater tenacity to access limited credit facilities.

Credit providers must respond by implementing more robust & sophisticated techniques to intercept fraudulent applicants.

Human Inference's automated fraud detection system replicates the ‘natural language processing' capabilities of a human brain. Human Inference uses a knowledge base of language rules, facts and logic to interpret personal data and achieve industry leading matching against sanction lists and credit watch lists.

For example Human Inference will recognise that ‘Dr John J Farren', and ‘Jon James Pharan PhD.' are probably the same individual. Traditional techniques would not recognise this as a match, and consequently a fraudulent applicant could slip through the net.

ING Lease UK in Redhill, Surrey, has embedded the sophisticated matching from Human Inference into it's existing ALFA Systems application architecture, from CHP Consulting. ALFA's Business Rules Engine (BRE) calls the Human Inference fraud detection routines as part of the automated credit decisioning process.

Paul Stevens, Chief Information Officer at ING Lease UK states: ‘ Regardless of the increased volatility in the financial markets, the need to ensure ‘right first time, every time' decisions at the speed required by introducers is an essential element of a funders service. ING Lease UK, a key partner in the introduced lease business market, is always seeking ways to improve the quality of service offered to introducers and has selected Human Inference to further enhance its market leading proposition. Human Inference uses ‘Natural Language Processing' to achieve results which are quicker, more accurate and more consistent than manual checks in a time critical, volume market'.

For further information on Human Inference , please contact:
Bill Brazier, Human Inference, 01235 769913, .(JavaScript must be enabled to view this email address)

This article was originally printed in Leasing World, June 2009.