(Adnkronos) - Alternative Credit Decisions gives Fraugster customers access to AI enriched data that increases approval rates, reduces credit bureau costs and provides industry and region specific insight
BERLIN, May 18, 2022 /PRNewswire/ -- Fraugster, an AI payment intelligence company, today announced the launch of their latest
Alternative Credit Decisions enriches BNPL credit scoring models with over 100 attributes that give a more accurate picture of a buyer's true credit risk. These include highly valuable data points like a buyer's positive transaction history, account history, purchase history and unpaid amounts. This is made possible by global network intelligence and real-time graph networks.
Christian Mangold, Fraugster CEO, says: "Our mission is simple, we want our customers to feel confident that they can trust the person they are approving to repay the amount they are borrowing. The positive results we are already seeing with trial customers make me confident that we can help the e-commerce ecosystem approve more customers without increasing exposure to loan defaults."
Fraugster customers won't only benefit from more accurate decisions, but also reduced costs. Currently, BNPLs and enterprise merchants broadly use credit bureau checks to increase their confidence in an approval decision and pay a fee for each check. Alternative Credit Decisions reduces the need for these checks altogether to save costs and improve accuracy. The product also helps customers rationalise other third party data vendor costs.
To find out more about Alternative Credit Decisions please visit: https://www.fraugster.com/products/alternative-credit-decisions.
About Fraugster
Fraugster is a Berlin based payment intelligence company. Fraugster enables the world's leading merchants, global payment companies like Worldline and Ratepay to intelligently manage the impact of fraud to minimize the costs of fraud, maximize revenue and improve customer experience. Fraugster has developed one of the most accurate AI compliance, risk and fraud management and revenue uplift platforms in the market and is backed by leading deeptech investors Earlybird, Speedinvest, CommerzVentures and Munich Re Ventures. Further information can be found at https://www.fraugster.com.
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