?? We have some exciting news! ??Today we have launched IEValidate??, a game-changing income and employment validation tool. ? Double the coverage ? Fraction of the cost ? Zero friction IEValidate revolutionizes lending by: ? Reducing paystub use ? Replacing costly database checks ? Validating income & employment in <500ms Learn more: https://lnkd.in/ev2pmFfz #verification #validation #voie #finTech #lending #innovation
Point Predictive
软件开发
San Diego，California 4,850 位关注者
Streamlining loan approvals for lenders with machine learning by precisely identifying truthful applications.
关于我们
Point Predictive is an Ai technology company with deep expertise in building machine learning scoring models that have been widely deployed by banks and lenders. Point Predictive solutions enable lenders to fund more loans using a patented combination of Artificial and Natural Intelligence [Ai+Ni] that powers machine learning risk assessments. Point Predictive helps automotive, mortgage, retail, personal lending and student loan finance companies identify consumer loan applications that have truthful and reliable information without the intense interrogation and verification of data prompted by solutions currently in use. Highly regarded as one of the most trusted fraud and misrepresentation solution providers to financial services companies, Point Predictive leverages that experience to help lenders safely fund more loans to more consumers while reducing their first-party and third-party misrepresentation and fraud losses. Point Predictive is a big data company using unique insights powerfully orchestrated from millions of examples of true and falsified loan applications, billions of derived proprietary data elements, and scientifically-selected third-party data sources to build powerful machine learning models augmented by the natural intelligence of human experience. Located in San Diego, California, more information about Point Predictive can be found at www.pointpredictive.com.
- 网站
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https://www.pointpredictive.com
Point Predictive的外部链接
- 所属行业
- 软件开发
- 规模
- 51-200 人
- 总部
- San Diego，California
- 类型
- 私人持股
- 创立
- 2016
- 领域
- Predicitive analytic solutions、Consumer lending solutions、Risk management solutions、Real estate solutions、Mortgage solutions、Auto finance solutions、Automotive Fraud Management、Automotive Lending Risk Management、Fraud Scores、income verification、fintech solutions、identity verification和employment verification
地点
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主要
获取路线
350 10th Ave
Suite 800
US，California，San Diego，92101
Point Predictive员工
动态
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Our very own Frank McKenna was recently quoted in The Wall Street Journal, highlighting a pressing issue in the financial industry: “Paper checks remain a prime target for fraudsters because of the simplicity and access they provide.” Curbing the rise in check fraud is a challenge that impacts both financial institutions and consumers alike. Check out the full WSJ article here: https://lnkd.in/ebtstwtR
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Justin Davis, CFE,?Has just released another episode of "This Just In," featuring?Frank McKenna. This episode, timed for International Fraud Week, discusses the "little white lies" some gig economy workers tell... listen in for the details ?? #internationalfraudweek #gigeconomy #lending #fraud
It's International Fraud Week....and you know what that means. Another episode of This Just In! Today Frank McKenna and I discuss a concerning trend in lending. A trend we call "gig hiding" here at Point Predictive??? What exactly is gig hiding? It's when gig economy workers (think Uber, DoorDash, Lyft) intentionally mask their employment on loan applications to appear more "stable" to lenders. The numbers paint a clear picture: ?? 8% of gig economy workers change their claimed employer within 30 days between applications ?? When "gig hiding" is present, loans are 2.5x more likely to default than the industry average "It's just a little white lie about where I work" - Right? Wrong. Here's the reality: when a misrepresentation influences a lending decision AND leads to loss...that's fraud, plain and simple. What can lenders do? 1?? Leverage tools like IEValidate to instantly validate employment and income 2?? Use consortium data to spot behavioral patterns and information inconsistencies across applications The impact of these small deceptions adds up quickly. Understanding these emerging fraud trends isn't just important - it's crucial for protecting your portfolio. #fraud #fraudawareness #fraudprevention #fraudstrategy
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The latest episode of "This Just In" has just been released! In this episode, Justin Davis, CFE, and Frank McKenna discuss an elaborate employment fraud scheme uncovered by the Fraud Team. ?? Listen in for more below #fraudprevention #lending
?? New Episode Alert: When Dealerships Cross the Line In our latest podcast episode, Frank McKenna and I discuss how the Point Predictive Fraud team discovered a single dealership orchestrating a sophisticated employment fraud scheme that could have cost lenders hundreds of thousands if left undetected. The scheme: ?? Dealership created multiple shell companies ?? Used their own residential address to register fake businesses ?? Strategically routed applications to a specific lender ?? Fabricated employment data across multiple applications Why this matters: This case exemplifies why dealership monitoring isn't just a compliance checkbox—it's a critical line of fraud defense. One fraudulent dealership can impact hundreds of loans and multiple lenders before detection. The vast majority of dealerships are hardworking and honest. But this is why it's so important for lenders to actively monitor their dealership network. ?? A bad apple can spoil the bunch. By leveraging consortium insights from Point Predictive lenders can quickly catch when they may be getting adversely selected with bad loans, and shut off the spigot from bad dealers. #fraud #fraudprevention #autofinance #dealerfraud
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A powerful video about the impact that vehicle accessibility can have on people's lives, by our partners Open Lending #lending #accessibility
Meet "The Valet"— a powerful story about how expanding vehicle accessibility changes lives. At Open Lending, our mission wouldn’t be possible without our valued partners. Together with financial institutions and auto lenders, we’re making the dream of vehicle ownership a reality for more people.? ? We’re proud to work alongside these organizations to create opportunities, foster independence, and drive meaningful change, one loan at a time. Watch the video and see the impact for yourself. See the full video at: https://lnkd.in/g7xMySeg
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Read our latest Fraud Watch Newsletter to get details of some of our Fraud Analyst investigations last month, plus the latest partnership and awards news! #fraudwatch #lending #lendtech
October Fraud Watch Newsletter
Point Predictive，发布于领英
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? The income validation paradox: ?? 90% of borrowers are truthful ?? Yet we subject everyone to the same rigorous process ?? Leading to unnecessary friction and lost opportunities ? Ready to learn about smarter approaches? Download our comprehensive white paper. https://hubs.la/Q02Xg0410 #lendinginnovation #financialservices #customerexperience #incomeverification #employmentverification
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?? Gig Workers & Auto Lending More borrowers are hiding their gig work to get approved for loans. ?? We detailed how gig economy trends are affecting fraud risk in our 2023 Auto Lending Fraud Risk report. If you didn't grab your copy yet, get it here https://hubs.la/Q02W_Pt30 Is your system detecting these patterns? Contact us for more details on how Point Predictive excels at fraud detection. #GigEconomy #AutoLendingTrends
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?? Exciting partnership alert! ?? Point Predictive + OttoMoto, LLC Join Forces! We're thrilled to announce our strategic collaboration with OTTOMOTO? bringing advanced fraud prevention and validation solutions directly to auto dealers nationwide. This collaboration addresses the critical $8 billion challenge of auto lending fraud by providing dealers and lenders with cutting-edge tools to streamline verification processes and reduce risk. Read more at the link ?? https://hubs.la/Q02WNRDH0
Point Predictive Partners with OTTOMOTO? to Deliver Advanced Fraud Prevention, Income, and Employment Validation Solutions to Auto Dealers Nationwide - Point Predictive
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??? Fraud History Repeats: Lessons from the Check Fraud Boom of the 1970s Did you know that check fraud once reached a staggering $4 billion in the mid-1970s? That's equivalent to over $30 billion in today's dollars! In our latest Frank Takes blog post, you can read more about the history and the resurgence of check fraud: ?? https://hubs.la/Q02WBpWL0 #fraudprevention #fraudfriday #checkfraud
Frank Takes: How Banks Solved the Check Fraud Boom of the 1970s? - Point Predictive