New origination credit limits for credit cards associated with synthetic identities decreased between 2016 and 2017 for the first time in five years. Though synthetic fraud balance growth has slowed, these identities remain a part of lenders’ portfolios.
Read our case study to learn how:
- A financial institution combatted significant losses from consumers who had charged off on loans or credit card accounts
- To analyze your portfolio for fabricated data or a compilation of multiple, real identity elements
- TransUnion’s Synthetic Fraud Model discovers anomalies or suspect patterns