Dunfermline Building Society is Scotland’s largest building society. In the lending sector, it provides a range of residential mortgage products to members throughout the UK and, in 2002, entered the commercial lending sector, where it has quickly become recognised as a successful niche player in this market.

Following a comprehensive review in the latter part of 2006 of fraud tools available in the market, the decision was taken to select Experian’s Hunter fraud prevention solution to manage data sharing and help combat the potential for fraud.

The Hunter system combats key issues such as identity fraud by checking new applications for financial products against previous applications, claims and fraud databases. By interrogating so many sources of information, it makes fraudulent applications much easier to spot. Suspicious cases are immediately flagged to staff who can then investigate further and take any measures required.

Crawford McCaughie, Senior Manager of Lending at Dunfermline and current Chairman of the CML in Scotland, said “Identity fraud has been a key issue for some time now. While the Society has an excellent security record, this is only because we are highly vigilant and invest in systems like Hunter to keep our members safe. The contract with Experian means that our members can continue to be confident that Dunfermline Building Society always has security at the top of the agenda. Hunter will help us to identify possible fraud at the earliest stage, before any damage is done. As the methods criminals use to try to commit these offences improve, we are upgrading our defences above and beyond current needs in order to stay ahead both now and in the future.”

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