Digital Matrix Systems (DMS) Partners with PointPredictive to Combat Growing Fraud Types
New Partnership Gives Turnkey Access to PointPredictive Suite of Fraud Solutions to over 1,200 Lending and Banking Clients
PointPredictive, a leading provider of machine learning, fraud and misrepresentation solutions, has announced a new partnership with Digital Matrix Systems (DMS), a leading risk management solution provider. As part of the partnership, PointPredictive will integrate its full suite of misrepresentation and fraud scoring solutions into the DMS platform including Auto Fraud Manager, Synthetic ID Alert™ and Income Validation Alert. The integration provides turnkey access to over 1,200 clients on the platform, and helps them better identify misrepresentation and fraud at new account opening or during an application process.
PointPredictive will integrate its full suite of misrepresentation and fraud scoring solutions into the @DMatrixSystems platform including Auto Fraud Manager, Synthetic ID Alert™ and Income Validation Alert.
“Our clients are looking for ways to better identify the emerging fraud types that PointPredictive specializes in detecting,” stated Mark Dreux, Vice President of Business Development for DMS. “Synthetic identity fraud, lending fraud and income misrepresentation are key pain points for many of our clients, and they are always looking to us to help them manage these emerging risks to reduce their losses. This partnership gives our clients access to fraud signals and patterns before they fund loans or open new accounts.”
PointPredictive’s market leading suite of predictive, artificial intelligence (AI) scores give financial services companies on the DMS platform the ability to streamline applications for loans and new accounts by precisely identifying which applications have lower risk of future losses from misrepresentation or fraud and receive real-time alerts on those applications needing further scrutiny.
“We’re excited to offer our solutions through DMS,” said Tim Grace, CEO of PointPredictive. “Our vision is to provide real-time, actionable fraud scoring and alerts for every application a financial institution receives. With DMS, it is easy for banks, lenders and card companies to use this technology without expensive and time-consuming implementations. With DMS, we can get a client live very quickly to help them prevent fraud and streamline their lending processes.”