ID scanning system thwarts fraud attempt

ID scanning system thwarts fraud attempt

Fluent Money, the UK’s largest secured loan distributor, recently thwarted an attempt by a fraudster to obtain a loan using a fake driving licence thanks to electronic ID verification. In this month’s blog, we talk to Tim Wheeldon, COO, and Stuart Almond, Group Compliance Director at Fluent Money about why they introduced ID scanning technology and how it works in their business. Can you tell us more about Fluent Money? Tim Wheeldon (TW): “Fluent Money is the UK’s largest secured loan distributor working through intermediaries and selected partnerships. We were one of the first businesses in our sector to be…read more >
A case of fraud in the insurance sector

A case of fraud in the insurance sector

Fraud is such a pervasive crime with each industry susceptible to different types of fraud schemes and few more so than Insurance companies, particularly due to the advent of online policies.In this second guest blog, Jill Battley CFE, a Director of TrustID with extensive investigative fraud experience, shares a summary of a genuine fraud case in the insurance sector, exploring the background, the risks, the result and what steps could be taken to prevent it.The Importance of Being “Ernest”Mr Ernest Brown applies for an online policy, answers all the questions, passes the relevant checks and is issued with a policy…read more >