Bank of Scotland Dealer Finance - FOIL fraud modelling
Challenge: Reduce BOSDF’s fraud losses, increase the productivity of the fraud team and reduce false positive rates to reduce the cost of finding fraud
Solution: Their data was combined with shared data from our syndicate to develop a bespoke FOIL fraud propensity model used in prioritising applications
- 90% reduction in third party click fees by fast-tracking low-risk apps without invoking other fraud detection tools & 2% decrease in referral rates
