Case Study: Advantage Finance expedites fraud decisioning and cuts manual referrals by 40% with LexisNexis Risk Solutions' RiskNarrative

Expediting Fraud Decisioning and Realizing Operational Efficiencies Via the LexisNexis® RiskNarrative™ Platform

Advantage Finance, a leading UK specialist automotive lender processing over one million applications a year, faced rising costs and slow customer journeys due to an overload of manual referrals and siloed systems for handling Cifas National Fraud Database matches. The lender lacked sophisticated rules to distinguish true fraud from false positives, struggled to automate reciprocity reporting to Cifas, and needed a scalable way to reduce risk, cut operational overhead and speed decisions.

By deploying LexisNexis RiskNarrative—with built-in Cifas integration—Advantage Finance created customizable rules to automate fraud and accept decisions and file cases directly to Cifas. The change cut manual referral volume by 40%, automated 20% of fraud and 20% of accept decisions, sped up journeys for the top 20% of good customers, reduced fraud risk from human error, and enabled in-house teams to refine decisioning without IT support.

Advantage Finance

Alan Tuplin

Director of Credit Risk