How We Compare
The hardest part of any Red Flag Rule program is resolving flags identified. A recent study of 700,000 applications for credit found that over 33% triggered one or more flags. ID Analytics for ComplianceTM, with its capacity for automatically resolving flags, can minimize the burden of Red Flag reviews.
Here's a further description of how we can help your company comply:
| Red Flag Rules Requirement | ID Analytics for Compliance |
| Identify Red Flags Creditors must identify Red Flags relevant to their organizations. |
Evaluates more than 100 identity risk variables including 30 Red Flags specifically for compliance. |
| Detect Red Flags Creditors must detect Red Flags during the ordinary course of business. |
Interprets application velocity, information validity, and associations with reported frauds in real time or in batch. |
| Respond to Red Flags Creditors must evaluate and resolve detected Red Flags. |
Automatically resolves flags for low-risk identities. Delivers specific Red Flags to creditors in order to focus review efforts and lower costs. |
| Update Red Flag Program Creditors must update their compliance program to reflect changes in risk. |
Advanced AnalyticsSM are periodically updated to capture evolving fraud tactics. |
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