Featured Blog
Update from the Hill: Progress on electronic identity verification by the SSA
I have two important updates from the Hill regarding progress on the Economic Growth, Regulatory Relief, and Consumer Protection Act. In my previous posts, I discussed a provision in the Act that directs the Social Security Administration (SSA) to …
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The value of alternative credit data in separating risk on the margin
In my last blog, I discussed how the use of alternative credit data has become a mainstream answer to the challenge of identifying creditworthy consumers who are credit invisible. While that is perhaps the most familiar use case for risk …
Alternative credit data case study: Top-ten card issuer uncovers credit invisibles
Almost one-fifth of adults in the United States face obstacles to obtaining credit because they are considered “credit invisible”—meaning they either don’t have a credit history with, or are treated as unscorable by the nationwide consumer reporting agencies. Leveraging alternative …
Synthetic identities: How well are you reading the signals?
For some lenders and service providers detecting synthetic identities might seem like an exercise in futility or perhaps even a lesson in fortune telling—how can they determine whether an applicant identity is real and predict future behavior when the signals …
An analysis of synthetic identities from a fraud and credit risk perspective
One of the most sophisticated synthetic identity fraud rings in U.S. history created 7,000 new identities, received 25,000 credit cards and amassed a $200 million bounty from banks between 2003 and 2013.¹ Credit card issuers aren’t the only ones caught …
