Case Study: 4Finance reduces fraudulent loan applications by 40% with TransUnion TruValidate Device Risk

4finance Reduces Fraudulent Loan Applications By 40%

4Finance, a fast-growing short-term lending company operating in multiple markets, faced rising fraud risk as its speed and expansion made it more vulnerable to organized fraud. The company needed a way to stop fraudulent loan applications without slowing down the customer experience, and turned to TransUnion’s TruValidate Device Risk to help close the gap.

TransUnion implemented TruValidate Device Risk to identify links between devices and accounts in real time, using device fingerprinting and shared fraud evidence from its network of subscribers. The result was a 40% reduction in 4Finance’s overall fraud rate, with more than €16 million in prevented fraudulent business and faster processing for trusted customers’ loan applications.

4Finance

Lasma Supe

Fraud Leader