Thank you for Subscribing to CIO Applications Weekly Brief

At the Forefront of Identifying Fraud and Misrepresentation
Our clients are looking for ways to better identify the emerging fraud types that PointPredictive specializes in detecting.
By
CIO Applications | Monday, January 21, 2019

Digital Matrix Systems (DMS) has evolved from extensive roots in the credit industry into a comprehensive data management solution provider. Businesses that depend on data and analytical decision-making have trusted DMS for more than three decades to provide integrated software and consulting services. Innovative solutions of DMS allow financial services, brokerage, and insurance customers to leverage data power to improve business performance. The DMS suite of licensed, hosted and Internet-based products offer easy access not only to credit offices but also to a variety of new data sources that support every stage of the digital customer life.
A leading provider of machine learning fraud and misrepresentation solutions, PointPredictive, believes that its partnership with DMS can create new insights with the collaboration of their solutions. PointPredictive solves the billion-dollar fraud issues of auto lending, mortgage lending, and online retail fraud with state-of-the-art technology platforms, intelligent science, and business experience by using big data analytical models. The machine learning techniques of the company will work to stop fraud and early payment default (EPD) of their customers. They focus on helping the customers use their data to mine historical fraud patterns and build production-ready models in combination with powerful industry fraud consortium data.
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
On behalf of the collaboration, Mark Dreux, Vice President of Business Development for DMS states, “Our clients are looking for ways to better identify the emerging fraud types that PointPredictive specializes in detecting.” Tim Grace, CEO of PointPredictive, adds, “We’re excited to offer our solutions through DMS.” PointPredictive’s vision is to offer real-time, actionable scoring of fraud and warnings for each application received by a financial institution. With DMS, this technology can easily be used by banks, lenders, and card companies without costly and time-consuming implementations. They believe that they can quickly get a customer to help prevent fraud and streamline their loan processes with DMS.
"Our clients are looking for ways to better identify the emerging fraud types that PointPredictive specializes in detecting."
On the other side, DMS could integrate cross-industry solutions from PointPredictive that can help financial firms better understand specific kinds of misrepresentation. Synthetic ID Alert allows banks to identify applications requested by customers with potentially fictitious or manufactured identities and income validation alert helps financial institutions to identify legitimate stated income from inflated or manufactured claims.
Check out: Top Fraud And Breach Protection Companies
More in News

