Experian to roll out new U.S. fintech data network to combat fraud | Auto Remarketing Auto Fin Journal


Amid an uptick in fraud across the fintech industry, Experian on Wednesday introduced a fintech-focused version of its Experian’s Hunter network to the United States.

Experian highlighted 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 said the Hunter network will be available in the United States later this year.

Experian said it 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.

Hunter saves clients more than $6.5 billion annually, according to Experian.

Here’s how it works.

This collaborative data network can enable participants to have a line of sight into borrower activity across the fintech industry to match for potential fraud risk. Participants will share fraudulent activity in real-time by contributing data that’s then securely linked across…

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