Tru Cooperative Bank selects DataVisor for fraud prevention

Tru Cooperative Bank is upgrading its security by implementing DataVisor’s AI-driven fraud prevention platform. For retailers and service providers who rely on credit unions for lending partnerships, this is a signal of a larger industry shift. Lenders are moving away from traditional, slow fraud checks in favor of real-time monitoring. This change aims to protect the entire 'banking journey,' which includes the point where your customers apply for financing. For your business, better fraud detection at the lender level usually translates to fewer 'false positives' and smoother transaction approvals. When a lender can instantly verify a customer's identity with high confidence, the friction at the point of sale decreases. This technology helps prevent account takeovers and application fraud, ensuring that the financing process remains secure for both you and your customers. As financial institutions tighten their digital defenses, operators should expect more seamless integration between security checks and the checkout experience.

Source: Finextra — Lending

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