Reasons We’re Sponsoring Fraud & Financial Crime Europe 2022 Event

Fraud and Financial Crime Europe 2022 is fast approaching and we’re extremely excited to be a sponsor 🤗. Hosted by the Center for Financial Professionals (CeFPro), this year’s event focuses on managing the evolution of fraud and financial crimes and effective mitigation techniques.

What makes the event so special? When it comes to sponsoring or attending a conference, we look for three key things: content, curation and connections. Rest assured, CeFPro is firing on all three cylinders. Here’s what to look out for…

CONTENT

A conference without good content is a travesty for all involved. A conference with good content is fun, interesting, insightful, extremely valuable, and (especially if Honey Badger is sponsoring) exciting too.

Thankfully, Fraud and Financial Crime Europe 2022 has an amazing line-up of speakers talking about relevant and interesting topics. We’re especially excited to hear from Dr Philip Bonhard (Head of Design – Security, Authentication and Identity, Lloyds Banking Group) talking about Exploring the role of technology in protecting increasingly complex digital identity.

If you’re interested in combating scams, then be sure to check out the panel discussion on Managing increasingly complex scams landscape as tactics continue to evolve which has fascinating panellists such as Vinaya Parvate (Managing Director, Global Head of Fraud Risk Oversight, Citi).

You can see a full list of speakers here. At our last count there were 33! 😮

CURATION

A good conference is curated such that there’s a good balance of presentations, panel discussions and networking breaks. If you’re anything like us at Honey Badger, we can only sit still for so long – thus having an opportunity to ask questions during panel discussions and to network with other attendees is much appreciated. Thanks CeFPro 🙏

You can see the full agenda here. Day 1 is moderated by Honey Badger’s very own Co-Founder and CEO, Matthew Salisbury. Grab Matt or another member of the Honey Badger team at any time over the two days if you’d like a demo of Geo Authentication.

CONNECTIONS

It’s not just the speakers that make a great conference, it’s the attendees too. We particularly like Fraud and Financial Crime Europe 2022 because of its focus on fraud in financial services. This attracts attendees who are often tackling the same challenges at different organisations.

Combine this with a venue and format that’s conducive to networking and you have a recipe for making lasting connections. At Honey Badger, we’re hoping to make some new friends, listen to the needs of the industry to help define our roadmap, and share our own thought leadership.

Here’s to a great event 🍻. We hope to see you there!

Honey Badger HQ

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Account Servicing

Stop fraud and improve customer experience during account servicing by eliminating SMS One Time Passwords (OTP). Instead, leverage phone based SIM authentication which involves comparing data generated by the Mobile Network Operator (MNO) with mobile device session data. This provides a foolproof way of proving that an individual is in possession of their two-factor device.

Benefits

This new approach to authentication isn’t susceptible to SIM swap attacks and doesn’t require the user to enter a password. Ultimately, account takeover attacks are blocked, while customer experience is improved and the time taken to service a request us reduced.

Made for

 LENDERS   ONBOARDING   AUTHENTICATION 

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Contact Data Cleaning

Contact Data Cleansing verifies that the contact and personal information you hold isn’t out of date or inaccurate. Data is compared against the information held on file by Mobile Network Operators (MNOs). Whether processing a single record or sanitising thousands of records in batch, you’ll quickly identify bad data.

Benefits

The case for maintaining up-to-date records goes way beyond good practice for compliance and regulatory reasons. It’s critical to ensuring customers are contactable. Furthermore, it reduces security threats by ensuring communications aren’t sent to the incorrect individuals.

Made for

 LENDERS   FINTECH  KYC 

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SIM Swap Detection

SIM Swap Detection is a critical step in stopping account takeover. Why? Because account takeover attacks commonly exploit the ease of which a phone number can be stolen by simply assigning it to a new SIM. This allows bad actors to intercept communications, such as SMS one-time-passwords (OTP), which are used by 93% of enterprises worldwide to verify customers.

Benefits

SIM Swap Detection instantly and silently checks the history of a SIM card to see when it was last swapped. Recent swaps indicate high risk of fraud, allowing you to take appropriate action, such as failing verification or requesting additional security procedures are followed.

Made for

 FRAUD PREVENTION

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Social Trace

Social Trace significantly reduces the risk of losing contact with your customers by diversifying communication channels. Simply drop the Social Trace widget into your onboarding workflow and allow customers to connect one or more social channels with just a click.

Benefits

Lenders who capture social channels are significantly less likely to lose contact with their customers. Why? Because different demographics prefer to engage over different channels. This is particularly important when it comes to collections. Initiating contact over different channels increases your chances of getting a response, which in turn increases the likelihood of resolving late or non payment. 

Made for

 LENDERS   ONBOARDING   COLLECTIONS

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 MONTHLY FEE 

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Mobile Fraud Check

Mobile Fraud Check allow you detect fraud indicators using data provided by Mobile Network Operators (MNOs). Key checks include device overseas, call forwarding, SIM swap, a high risk number database lookup and much more.

Furthermore, Mobile Fraud KYC allows you to verify a person’s firstname, lastname, date of birth and postcode against the data held on file by MNOs. Since MNOs conduct their own KYC checks on new customers, it gives you the ability to match personal information you collect against a trusted and verified source.

Benefits

Mobile Fraud Checks happen instantly and with zero customer friction. The data held by MNOs is often more recent and reliable than other data sources and a level of granularity is provided,  allowing you to see how many and which KYC fields matched.

Made for

 LENDERS   ONBOARDING   FINTECH  RISK ANALYSIS

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Mobile Data for Credit Risk

Mobile Data for Credit Risk delivers the data required to predict credit risk based on a persons mobile phone information. Key data attributes include the network provider, line type, and KYC match information. Working in partnership with lenders we’ve been able to clearly identify correlations between this data and the likelihood of a loan going into arrears.

Benefits

Open Banking Vs Mobile Data. Which is the most effective in predicting bad borrowers? A recent project with a UK lender compared a risk model built with Open Banking against a model built with Honey Badger’s Mobile Data. The results showed that both models outputted almost identical risk scores. The difference? Mobile Data could be deployed immediately with no customer friction required to calculate a risk score.

Made for

 LENDERS   ONBOARDING  RISK

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 EMBEDDABLE WIDGET   WEB INTERFACE   API 

Pricing

 PAY PER LOOKUP 

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Geo Authentication

Geo Authentication™ provides frictionless identity verification that reduces abandonment rates. Users simply select images that they recognise from nearby to their address. In built anti-fraud controls ensure that valid users can complete the challenge whilst bad actors are blocked.

Benefits

Leading lenders such as Amplifi Capital use Geo Authentication during applications as an alternative to more intrusive identity verification checks, such as document uploads, that cause high friction and lead to increased dropouts. Completion rates with Geo Authentication are 28% higher and have subsequently helped drive an increase in revenue for the business.

Made for

 LENDERS   ONBOARDING   ACCOUNT RECOVERY 

Get started via

 EMBEDDABLE WIDGET   WEB INTERFACE   API 

Pricing

 PAY PER AUTHENTICATION CHECK 

Request a demo