Costa Mesa, Calif., November 9, 2022 — Experian®, the world’s leading global information services company, today announced Sentinel™, a suite of commercial entity fraud detection solutions, to help lenders and insurers prevent fraud and protect small to large businesses. The suite has three solutions — Multipoint Verification, Identity Velocity™ and Commercial First Party Fraud Score.
An Experian research report found that more than 70% of businesses say that preventing fraud is their top concern, the highest it’s ever been. With some businesses struggling to keep up with the rapid digital transformation that’s taken place during the past few years, fraudsters are attracted by large loans and a lack of sophisticated commercial fraud detection platforms.
Experian’s Sentinel suite may help businesses detect and distinguish different types of entity fraud, including first-party, third-party and synthetic identity fraud. By recognizing the specific types of fraud risk, lenders and insurers can set up the right controls to mitigate fraud and better serve businesses of all sizes. The three solutions include:
Additionally, Commercial First Party Fraud Score and Multipoint Verification are available through CrossCore®, Experian’s market-leading digital identity and fraud platform.
“We’re committed to helping small businesses succeed, and a key piece of that is ensuring they have access to the capital they need,” said Hiq Lee, president of Experian’s Business Information Services. “Our new Sentinel commercial entity fraud suite can help lenders and insurers prevent fraud so that funds can go to legitimate businesses that need it and stay out of the hands of fraudsters.”
To learn more about Experian’s Sentinel suite, please visit: https://www.experian.com/business-information/commercial-fraud.
Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime.
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