Bank Zachodni WBK SA to detect fraud with Hunter
Bank Zachodni WBK SA, recently announced they have choosen the Hunter fraud detection system from Experian for its Polish operations.
The bank is one of the biggest Polish operators, formed from the merger between Bank Zachodni and Wielkopolski Bank Kredytowy in 2001.The Hunter solution is a web-based service to identify potentially fraudulent new subscriptions, which will enable the bank to detect and prevent fraud at the point of application, creating another barrier to prevent fraud.
The automated Hunter solution is implemented in the online environment, is fully integrated and operates in real-time alongside the application processing solution. This ensures that Bank Zachodni WBK can match the application against previously verified applications and identify where an alias, false details or impersonation is being attempted.
"Hunter has proved to be the right solution as it stops fraud before it starts, at the point of registering new customers..."
However, Hunter isn’t just a detection tool - it is also an interactive investigative tool that helps the investigation team to review an application and determine if it is fraudulent. Fraud detection continually improves and reflects new fraud trends as the database and rules are updated with every suspect case.
Dariusz Polaczyk, Fraud Prevention and Detection Department Director at Bank Zachodni WBK, commented: “BZWBK´s aim is to establish credit fraud interception systems and to further reduce the loss rate while increasing the process efficiency by being able to check more incoming applications. Hunter has proved to be the right solution as it stops fraud before it starts, at the point of registering new customers. This solution meets all our requirements of flexibility and integration in our system, being user-friendly and also able to manage different databases.”
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