Overview
Smartney is a digital lending company owned by the French Oney Bank Group. Smartney’s clients appreciate fast and frictionless consumer credit applications that can be submitted via desktop and mobile channels. Smartney uses Nethone solution to reduce the number of fraud in two main areas: identity fraud and investment fraud.
Challenges
This type of fraud most commonly occurs when a fraudster uses a stolen identity of an unaware victim and tries to use this profile to apply for money anonymously. A high percentage of fraudulent transactions and instability in fighting fraud result in growing numbers of unpaid loans. Thus digital lenders seek solutions allowing them to identify anomalies in the network connection or unusual behaviour.
It is one of the most commonly used practices in the digital finance space. With social engineering techniques, fraudsters manipulate victims to get their credentials, access to their PCs (via remote desktop protocols), personal documents or even their money. Since fraudsters can hide behind the “real” identity of a person who even won’t notice the online fraudulent activity, financial institutions need profiling to recognize if they are dealing with a regular user or an excellent imitation.