Banking

Financial investigations to combat loan fraud and malpractices

Financial investigations are crucial for the banking sector. They can save you from financial and loan frauds.

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Watertight financial investigation services for your customers

Financial investigation is needed by banks when new customers apply for a loan or a financial assistance. The banks need to verify that the person applying for loan is easily traceable and actually owns the collateral he or she is offering for loan.

During the loan application the customer may submit identification proofs, credit history, proofs of business transactions, address proofs and proofs of criminal records, if any. These documents need to be verified either by checking online databases or by physically visiting various locations. Our financial investigations services will make sure that your bank is giving loan to the right and legitimate person.

Banks run a strong risk of falling victim to fraud or getting cheated. Banks and financial institutions are constantly dealing with loan applications from less than verifiable individuals. They need to verify the customer’s identity and address. In-depth verification checks are required. Banks may require ID authentication, reference check, employment record check and residential address check.

ID authentication

Residential address check

Reference check

Professional credentials

Credit history checks

Pre-sanction screening

Do you want to know if you should sanction a retail loan to an individual or an organization? This can be a high-risk undertaking without a financial investigation. Through our customized financial investigation services for banks, we can verify all the documents submitted by the applicant. We can also collect physical documents and then run them through all the necessary validation processes by the time they reach your desk so that all you need to do is decide whether you should sanction the loan or not.

We can verify the authenticity of the KYC. We can confirm the income of the individual or the cash flow of the organization. We can visit the passport office if necessary to check the validity of the passport. We can go through the health records and find any mismatches or discrepancies. If there have been previous charges of misconduct against the applicant, we can find them out for you. We can also interview business associates and colleagues to help you create a credible profile of the applicant whom you’re considering sanctioning a retail loan.

Risk & fraud control unit

We have our very own indigenous technology to help you in fraud control by monitoring transactions being processed in Real Time and Near Real Time. There can be certain patterns that can reveal instances of fraud automatically and you can take the necessary action.

The banking sector is always prone to being defrauded because of the high volumes of cash it is dealing with. They are constantly handling high-stakes responsibilities. Great financial losses can be incurred, and reputations can be destroyed even by a single transaction. This is where our risk and fraud control unit can help you.

Through our risk and fraud control unit you can reduce your background check liability through qualified risk management. We can doublecheck qualifications. We can validate addresses in ID cards. We can directly interview people who are offering guarantee. We can verify the reputation of people involved in the deal. We provide you every aspect of the information related to the person you’re dealing with and consequently, reducing your risks to almost zero.