What we do

Fraudscreen helps your organisation to engage with the right customers on the right terms.

About Fraudscreen

Fraudscreen’s purpose is to make it more difficult for people to gain financially by lying.


In the UK, the corrosive effect of financial dishonesty includes losses to companies and public sector agencies. It also has an impact on honest people, who pay higher prices and higher tax. Honest people are treated as if they are dishonest, and are tempted to behave dishonestly just to keep up.

This is not good for any society.

While policy makers face such a moral hazard, Fraudscreen seeks to have an impact and – in the fullness of time – to measure and report upon that impact.

FraudScreen Fraud Detector

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Individual


At this level, codes provide information about a particular person and the area in which they live. We make these codes available via a real-time API, in batch files, or through a web portal

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Address


At this level, codes provide information about a single residential or business address

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Geoplus


At this level, codes provide information about a particular area of the UK. The area is defined by a partial postcode which encompasses about 200 households

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Insurer & Insurance Broker

Fraudscreen benefits to the Insurance sector


Fraudscreen can help companies within the insurance sector to effectively price insurance contracts using an applicant’s honesty. Fraudscreen adds an extra dimension to the data enrichment process prior to pricing. This aids optimum pricing and is proving an effective tool in both retaining existing customers and attracting new ones.

Our codes can be used to highlight collection cases with no intent to pay therefore requiring more effective treatment to improve recovery rate. In the same field our services can help to identify claimants who may need further investigation and conversely those where less verification is required.

All this results in increased profitability for insurers.

Credit Provider

Decision making within the Financial Sector


Fraudscreen can add an extra dimension in the financial services sector, enabling companies to make more comprehensive decisions with regards to offering financial products. Intent and honesty can now be assessed and added as component of the usual credit risk evaluation. This brings an extra dimension to the applications assessment, improving bad rates and increasing accept rates.

Additionally, our codes will help to underwrite applications with thin credit files, improving acceptance rates for this increasingly large population.

Finally, our codes invaluable in highlighting collection cases who have previously shown no intent to pay, therefore requiring more effective treatment to improve recovery rate.

Telecom Provider

Fraudscreen can be useful to Telecoms providers throughout the customer lifecycle.


Fraudscreen can add an extra dimension in the telecom sector, enabling companies to make more comprehensive decisions with regards to offering airtime and telecom products. Focus can be put on high risk individuals insuring the appropriate handsets are offered commensurate with risk.

Intent and honesty can now be assessed and added as a component of the usual credit risk evaluation, bringing an extra dimension to the applications assessment, improving bad rates and increasing accept rates.

Our codes can also assist the assessment of thin file applicants, enabling the appropriate hand set to be offered.

Retail Finance

Fraudscreen can be useful to Retail Finance providers throughout the customer lifecycle.


Similar to the Financial sector, Fraudscreen codes enhance the decision that Retail Finance make.

This is particularly beneficial within this sector as Fraudscreen holds related performance information on the performance of individual transactions. This enables intent and honesty to be included within the overall customer decision.

Utilities

Fraudscreen can be useful to Utility providers throughout the customer lifecycle.


Fraudscreen aids Utilities to support the optimum payment method for their customers ensuring this is aligned to their honesty and intent.

Latest News & Blog

Turning Drivers’ Behaviour into Insurance Claim Risk Index

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Turning Drivers’ Behaviour into Insurance Claim Risk Index


The United States has one of the world’s largest automobile markets, second only to China. With 270.4 million registered vehicles as of 2017 on American roads, there are millions of crashes every year. According to the National Highway Traffic Safety, there were an estimated 7 million police-reported motor vehicle crashes in the US in 2016. This led to about 207 million dollars in collision loss in 2016.

Being able to predict the likelihood of a driver filling a claim in the coming months provides the insurer with the ability to adjust premiums and plan the provisions ahead of time.

Applying predictive analytics to insurance claim is nothing new, however we are witnessing a transition from classical, static and general data-based models (driver age, driver license age, car type, etc.) to models based on actual driving-behaviour (sudden braking and other sorts of unusual driving behaviour indicators).

This transition is mainly driven by the emergence of big data frameworks and their ability to manipulate and analyse larger and less structured data sets. This has led some companies to start collecting data related to driving patterns by using the devices installed by insurance companies in the insured person’s car.

While a number of devices exist to monitor, and log data provided by the car, there are large disparities in the quality of the data elements available between older and newer models. Therefore, in a given insurer’s portfolio, a large portion of the collected data may contain much less information and the data is very inhomogeneous. Nevertheless, good data mining techniques and engineering make this data exploitable.

This is the challenge GDS Link faced recently when analysing data from a few insurance companies where different logging devices had been used over a very diverse fleet; the only data fields consistent across all the cars were timestamp, coordinates, speed and distance travelled (odometer data). The challenge of such an analysis resides in the limited number of features available and the frequency difference at which they are collected (from 30 seconds to every few minutes).

Despite this challenge, GDS Link was able to transform the features into a set of attributes defining the profile of the driver. These includes acceleration, routine trips, similar routes, time at which the vehicle is being used, number of trips, driver type (week-end, casual, commuter), route patterns, usual distance travelled and frequency, speeding patterns, etc. These features will help the insurance company to understand the risk level associated with a particular driver.

By combining this data with publicly available data sources we can dive deeper in the analysis of the driver’s behaviour and the conditions under which they operated their vehicles. Including weather data such as sunset/sunrise times, the type of road and the amount of rain that might have fallen on a specific route at a specific date brings another risk dimension to an already rich data set.

Starting from a large raw data set of 123 million records containing only four attributes each, the GDS Link Advanced Analytics team constructed rich drivers’ profiles, with more than 1,200 attributes describing their behaviour patterns and associated risk. The number and granularity of these attributes allow modelling claim insurance probability with a high degree of confidence.

The key to successfully derive predictive analytics from real life scenarios is often more about the data than the sophistication of the algorithm. It is about being creative and being able to extract innovative attributes that reveal the complexity of the data. Only then, modelling algorithms will be able to exploit the full potential of the data and deliver the best predictions.

Serent Capital invests in GDS Link

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Serent Capital invests in GDS Link


28 August 2018Serent Capital, a San Francisco-based private equity firm focused on investing in fast-growing software and services businesses, has made a minority investment in GDS Link, a global provider of credit risk management software for the financial services industry.

GDS Link helps its clients efficiently manage their credit risk strategies while improving their lending and account management efforts. Leveraging its differentiated platform, GDS Link serves traditional and alternative financial service lending through both brick-and-mortar and online channels, marketplace lending for both consumer and small business, point of sale retail finance, credit card, auto, and leasing.

“Since founding GDS Link in 2006, we have built a company that has experienced significant growth, gained market recognition globally and provided the financial services industry with innovative solutions for managing risk,” said Paul Greenwood, president and chief executive officer of GDS Link. “We decided that this was the perfect time for us to bring in a partner, and we believe Serent Capital is the ideal investor to help us accelerate our growth strategy. Serent Capital aligns with GDS Link’s core values, has deep financial technology experience, and brings the resources to bear that will enable continued innovation and unparalleled value to our customers. We’re excited to be working with Serent Capital as we build on the momentum we have created in our business and work to achieve our long-term vision in the years to come.”

“We are thrilled to partner with GDS Link, a global leader and innovator in credit risk management software. GDS has created a unique platform that is now used globally across the financial services landscape,” stated Lance Fenton, Partner at Serent Capital. “We are excited about the opportunity to collaborate with Paul and the experienced team at GDS Link, and we look forward to the company’s continued growth and success.”

Serent’s investment in GDS Link represents its twelfth investment in fin tech and fourth platform in the lending technology market.

GDS Link Webinar: Get Ahead of Your Bad Debt

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GDS Link Webinar: Get Ahead of Your Bad Debt


GDS Link Acquires Fraudscreen

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GDS Link Acquires Fraudscreen


25 January 2018 – GDS Link, a global provider of risk management solutions and consulting for multiple verticals within the financial services industry including marketplace lending, retail finance, alternative financial services, credit card, auto, and business lending and leasing, today announced that it has finalized the acquisition of Fraudscreen, the UK’s leading provider of analytics to identify first-party fraud.

“Fraudscreen is unique in the UK, bringing together diverse data into their products and is a welcomed addition to the software and decisions solutions for which GDS Link has a growing world-wide reputation. We can now provide additional indicators to our clients that look at the intent and honesty of customers at key life cycle decision points” said Paul Greenwood, President and Co-founder of GDS Link.

Andrew Carter, Managing Director of Fraudscreen, welcomed the acquisition and commented that “the transaction provides synergies for both companies which is truly win/win. Being part of a rapidly expanding decision solutions company will enable faster growth for all and more innovative solutions for both Fraudscreen and GDS Link clients.”
For more information about the acquisition, please contact GDS Link at info@gdslink.com or visit www.gdslink.com/contact-us/.

About Fraudscreen
Fraudscreen exists to make it harder for people to gain financially through dishonesty and to make it easier for honest people to be identified and therefore treated accordingly. Fraudscreen operate a closed user group of retail, payments, financial services and insurance information and use this with their bespoke algorithms to identify behaviours. Fraudscreen has a broad customer base ranging from insurance uses at pricing, data enrichment and claims, whilst they add an extra dimension in financial services in credit risk and customer management decisions making more comprehensive decisions possible.

GDS Link – One of the Best and Brightest companies to work for

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GDS Link – One of the Best and Brightest companies to work for


30 November 2017 – GDS Link, a global provider of risk management solutions and consulting for multiple verticals within the financial services industry including marketplace lending, retail finance, alternative financial services, credit card, auto, and business lending and leasing, today announced that it has been selected as one of the Best and Brightest Companies to Work For® in Dallas/Fort Worth.

“Being recognized as one of Dallas/Fort Worth’s Best and Brightest Companies to work for is a tremendous honor and a recognition that everyone at GDS Link is proud of,” said Paul Greenwood, President and Co-founder of GDS Link. “At GDS Link, our success is driven by promoting and fostering a positive company culture that is built upon dedication, transparency and collaboration while being client-focused.”

“Dallas/Fort Worth companies realize that their employees are key to business success. The companies that were selected demonstrated innovative human resource practices. They intentionally keep employee needs at the forefront of their policies,” said Jennifer Kluge, President and CEO of National Association for Business Resources. “We are very impressed by the commitment that they have demonstrated to their employees.”

According to 101 Best & Brightest, an independent research firm evaluates each company’s entry, based on key measures in various categories. They include Compensation, Benefits and Employee Solutions; Employee Enrichment, Engagement and Retention; Employee Education and Development; Recruitment, Selection and Orientation; Employee Achievement and Recognition; Communication and Shared Vision; Diversity and Inclusion; Work-Life Balance; Community Initiatives; and Strategic Company Performance.

GDS Link and other Best and Brightest Companies to Work For® in Dallas/Fort Worth will be recognized on January 22, 2018 at the Dallas Arboretum. For more information on the Workforce Symposium and Awards Luncheon, as well as a complete listing of winning companies, please click here.

About the Best and Brightest Programs

The Best and Brightest Companies to Work For® is a program of the National Association for Business Resources that provides the business community with the opportunity to gain recognition, showcase their best practices and demonstrate why they are an ideal place for employees to work. This national program celebrates those companies that are making better business, creating richer lives and building a stronger community as a whole.

About GDS Link
GDS Link, LLC’s core platform, DataView360®, provides its clients in multiple financial verticals with the power and flexibility to rapidly implement their credit risk strategies in support of their lending and account management practices. GDS Link’s data bureau gateway provides easy access to a multitude of third-party data sources in support of risk assessment, fraud prevention and mitigation, income and employment verification processes. Our workflow component fulfils a client’s requirements for processing applications that require manual intervention. Founded in 2006, GDS Link is headquartered in Dallas, Texas with seven international offices including the United Kingdom and Spain

Contact Us

Fraudscreen Ltd


Fraudscreen Ltd
1 City Square
Leeds
LS1 2ES
UK

+44 (0)3303 335 903
info@fraudscreen.co.uk

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