KYC, Address Verification, Fraud, AML
FraudIQ® Synthetic ID Alerts can help protect your business from losses associated with synthetic identity fraud while minimizing false positives. The alerts are based on patent-pending algorithms that analyze attributes such as authorized user velocity and identity discrepancies to help determine if the identity presented is potentially synthetic. FraudIQ® Synthetic ID Alerts analyzes potential synthetic ID behaviors revealed by reliable, multi-dimensional data sources, evaluating various patterns with advanced matching logic such as authorized user/credit abuse, ID discrepancies and fraud/ID manipulations
Insights
Code | Description |
|---|---|
GRID-SID-FINAL-ASSESSMENT-FLAG | Y= either AUV, IDD, or IDCB flags is Y N= AUV, IDD and IDCB flags are all N U=Undetermined, e.g. there are no matches on any data sources |
GRID-SID-ASSESSMENT-LEVEL | 0=Final Assessment Flag is not Y If Final Flag is Y, then the value is 1 through 5 with 1=lowest fraud risk and 5=highest fraud risk. Final Synthetic ID Alert assessment risk level is derived using AUV flags, IDD flags, IDCB flags, IDCB rules, and risky inquiry pattern counts 6=Undetermined |
GRID-SID-SHARED-SSN-FLAG | Y=Yes Shared SSN (Name) Flag is Y if SSN is found to be associated with more than one person. Returned if a full nine digit SSN is available (returns the first record if multiple are found), otherwise the result is U |
GRID-SID-INVALID-SSN-FLAG | Y=Yes Invalid SSN Flag is Y if the SSN that is found contains obvious errors. Returned if a full nine digit SSN is available (returns the first record if multiple are found), otherwise the result is U |
GRID-SID-VERIFIED-SSN-FLAG | Y=Yes SSN Verified Flag is Y if the SSN is verified. Returned if a full nine digit SSN is available (returns the first record if multiple are found), otherwise the result is U |
GRID-SID-DEATHMASTER-HIT-FLAG | Y=Yes Death Master Hit Flag is Y if the SSN is found in the SSA Death Master File. Flag is U if the SSN is not provided in the applicant's PII input |
GRID-SID-SHARED-ADDRESS-FLAG | Y=Yes Shared Address Flag will determine if the address is shared with too many credit consumers in most recent 3 months |
GRID-SID-ID-CONFIRMATION-FLAG-1 | Y=Yes Identity Confirmation Flag 1 determines if the consumer Applicant's name matches to property owner |
GRID-SID-ID-CONFIRMATION-FLAG-2 | Y=Yes Identity Confirmation Flag 2 determines if consumer Applicant's name is consistent to household information to the address |
GRID-SID-INQUIRY-FLAG | Y=Yes Inquiry flag determines risky inquiry patterns related to credit monitoring checks |