CLEARWATER, Fla.--(BUSINESS WIRE)--Clarity Services, the leading subprime consumer credit bureau, announces their newest risk offering, Clear Identity Risk™. Part of a larger suite of services, this solution provides several layers of fraud detection to help lenders identify and avoid funding fraudulent loans.
Clear Identity Risk™ is a powerful identity verification tool, featuring the combination of multi-sourced identity verification (IDV) and email address analysis to identify transactional risk. Email account information, including origination date, domain name and IP location information, is both valuable and predictive when evaluating risk. The use of these elements in screening applicants, while not an industry standard, has shown to give lenders a competitive advantage.
“The multi-source identity verification is powerful, but not fool-proof,” said Product Manager Matt Takamatsu. “Email analysis serves as an extra layer of fraud detection to further support the IDV.”
Clarity’s continuously growing database, composed of more than 55 million unique consumer identities, makes it possible to detect and pinpoint fraud patterns over time. Most lenders are unable to accomplish this on a universal level due to their visibility being limited to their own consumer base. Clarity’s in-house fraud team can track patterns and behaviors across the nationwide Clarity database, allowing them to build solutions that respond to customers’ changing needs.
About Clarity Services, Inc.:
Clarity Services, Inc. provides powerful real-time fraud detection and credit risk management solutions for the non-prime and thin / no file consumer segment. By leveraging unique data assets and scores, Clarity Services' suite of FCRA-regulated reports and scores empower providers with visibility into critical consumer information not available on traditional bureau reports. For more information about Clarity Services, visit our website.