Experian announces new U.S. fintech data network to combat fraud

May 10, 2023
Experian’s Hunter comes to the United States with nine top fintechs committed to participating

COSTA MESA, Calif., May. 10, 2023 — Amid an uptick in fraud across the fintech industry, Experian® has introduced a fintech-focused version of Experian’s Hunter, an industry-leading fraud prevention data network, to the United States. This new U.S. fintech data network already has participation commitments from nine leading fintechs and is designed to bring a new level of protection to businesses and consumers from fraud.

Experian has a legacy of success in bringing fraud prevention data networks to the market globally. Hunter is used by more than 450 organizations in 24 different countries today across a variety of vertical markets. Across the globe, Hunter saves clients over $6.5 billion annually.

How it works

This collaborative data network enables participants to have a line of sight into borrower activity across the fintech industry to match potential fraud risk. Participants will share fraudulent activity in real-time by contributing data that are then securely linked across the network. As fintechs establish new customer relationships or verify existing ones, they can inquire against the network and are alerted to suspicious information when matched to other observed fraud events.

Fintechs can then take appropriate action based on the type of fraud risk identified. Experian’s fintech clients will be able to rapidly identify and prevent fraud, improve the customer experience, reduce false-positive referrals, and optimize fraud decision strategies. On average, clients see a 35% uplift in fraud detection when participating in a Hunter network.

“Experian is dedicated to the fintech industry and to delivering innovative, data-driven solutions that can help protect them and the consumers they serve from sophisticated fraudsters,” said Robert Boxberger, president at Experian Decision Analytics in North America. “Our new U.S. Hunter network will harness the power of data and analytics to address real pain points that fintechs experience in combatting fraud. By taking a collaborative approach, fintechs can use this additional data to make more informed decisions that enable smart portfolio growth, improve the customer experience, and mitigate major fraud losses.”  

The Hunter network will be available in the United States later this year. To learn more about Experian’s fraud prevention solutions, please visit https://www.experian.com/business/solutions/fraud-management.

About Experian

Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime.

We have 21,700 people operating across 30 countries and every day we’re investing in new technologies, talented people, and innovation to help all our clients maximize every opportunity. With corporate headquarters in Dublin, Ireland, we are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.


Sponsored Recommendations

Shutdown averted as Biden signs seven-week spending bill

President Joe Biden signed a short-term spending bill to avert a partial government shutdown starting Sunday after a dramatic turn of events Saturday that saw the House quickly...

Knightscope receives two more K5 expansion contracts for casinos

These two new ASRs bring the total robots under contract to 5, which include deployments in Las Vegas, Nevada; Council Bluffs, Iowa; and Aurora, Illinois.

ISACA adds new credentialing pathway as part of its new CMMI model upgrade

Successfully completing this course also opens the gateway to advanced CMMI training, equipping professionals with the prerequisites required for more specialized courses in the...

Barrier1 features expanded portfolio of crash rated, storefront safety bollards at NACS 2023

On display and available for demonstration at Barrier1 booth# B5205 is the Tomcat S10 Storefront Bollard, a crash-rated bollard designed to stop a 5,000lb vehicle traveling at...