APPLICATION FRAUD
Identify, Manage,
and Mitigate
Application Fraud
Designed for flexibility, Zoot's application fraud system integrates seamlessly with your existing LOS and is adaptable to your evolving risk landscape - enhancing portfolio profitability, ensuring risk-adjusted growth and maximizing confident approvals.
Zoot offers a range of ready-made application fraud systems created to support your business needs, streamline processes, and drive better outcomes, all while delivering seamless experiences and enhancing the customer journey.
With a flexible, future-ready system, the possibilities are endless.
Maximizing Portfolio
Health
Gain full visibility into common areas of fraud to maintain a healthy credit portfolio and quickly adapt to emerging fraud trends and patterns.
Driving Risk-Adjusted
Growth
Grow your portfolio with confident safe decisions by stopping fraud early, reducing losses, and keeping bad applications out of your approval process.
Improved Reporting
Governance
Empower teams with customizable audit-ready reporting capabilities to support optimal oversight and strategic fraud prevention.
Fortify Your
Fraud Defenses
Zoot’s application fraud system equipped with multiple fraud stages and orchestration types will help you gain visibility into common fraud occurrences and leverage valuable insights to refine your long term strategy.
-
Integrate seamlessly with your existing LOS and get up and running up to 30% faster
-
Test various fraud-fighting strategies with a variety of data providers to find the most optimal outcomes
-
Leverage advanced automation and data orchestration to implement your policy based on your unique business needs
-
Add layers of verification across the customer journey to reinforce risk controls and ensure confident approvals
Proven Results for the Industry's Top Players
Supporting 5 of the Largest Banks in the U.S.
Backed by decades of experience, our expert teams create meaningful results for some of the largest organizations in the country.
Managing Regulatory
Compliance
Utilize Zoot's configurable technology and testing tools to address compliance needs & employ best-practice risk management and mitigation.
Committed to Outstanding Service
With Zoot, you're not just adopting a system; we're with you every step of the way, from implementation to ongoing support.
Working With Zoot
We understand that your team is working with tight deadlines and eager to see results quickly. We're committed to setting the foundation for a successful partnership from the very beginning, prioritizing getting everything in order and finalized quickly so you can stay on track to meet your goals and deadlines.
You’re getting a partner committed to your success, from start to finish.
Providing the
Info You Need
We begin by understanding your needs. Our team will quickly supply any information needed and help identify the most common areas of risk for your organization to get a plan in place to mitigate them.
Connect With the Right
Data Providers
High-quality, trustworthy data is crucial to your organization's decisions. With best of breed data providers such as LexisNexis and SentiLink already integrated you will be up and running quickly - ready to start securing safe approvals.
Optimize Fraud
Controls
Enhance your fraud fighting strategies with increased visibility into the most common fraud occurrences and ensure you're receiving the best data for your needs with Champion/Challenger functionality.
Drive Fraud Prevention with Reliable Data
Ensure confident, risk informed decisions with seamless access to top-tier data providers. Enhancing fraud detection, accelerating approvals, and safeguarding the customer experience.
Zoot’s application fraud system combined with your LOS centralizes data and reports, empowering analysts to drive smarter, faster decisions, and provide quicker responses to your customers by intelligently acquiring and orchestrating the right data at the right time.
Easily integrate with existing systems through Zoot’s API, simplifying communication while ensuring robust security.
Mitigate Risk
through Advanced Orchestration
Save as much as 20% in fees via least cost routing, only calling data providers when necessary to get the full picture of each applicant based on your risk thresholds.
Zoot's base system includes three orchestration types - Simple, Waterfall, and Parallel - that can be arranged in any order across up to four decision stages. Enabling you to compare data providers, call multiple providers, and ensure you get the data you need in case of a data provider outage or no hit.
With Champion/Challenger functionality you can easily compare data providers and flows to identify those that will be most effective in mitigating risk with your specific business needs in mind.
Frequently Asked Questions
What is the impact of Zoot's fraud solution on customer experience?
The impact of Zoot’s application fraud system on customer experience is aimed at finding a balance between fraud prevention and delivering a positive experience. By leveraging various technologies, Zoot’s solution streamlines decision-making processes, improves customer engagement, and offers a seamless experience while effectively managing fraud risks.
Does Zoot's fraud solution integrate with existing systems and processes?
Yes, Zoot’s application fraud system is designed to integrate with existing systems and processes. The platform provides flexibility, customization, and seamless integration, allowing clients to adapt rules, processes, and policies across the enterprise, leveraging existing investments and practices.
What are the standout features and capabilities that differentiate Zoot from its competitors?
Zoot’s biggest competitive advantage lies in its exceptional flexibility, offering clients unparalleled adaptability to tailor solutions to their unique needs. This flexibility translates into numerous benefits for clients, including the ability to seamlessly integrate with existing systems, customize processes for optimal efficiency, and swiftly respond to evolving market demands, ultimately driving greater agility, scalability, and competitive advantage for the organization.
“We can mitigate fraud faster. The fraudsters were always 1-step ahead of us. Without it we wouldn't have had a chance."
Vice President
Deposit Account Acquisition
"We can identify red flags…easily and split those applications out for a second look, a harder look, to help us in our effort to reduce losses."
Product Manager
Consumer Credit Card, Top U.S. Card Issuer
Ready to Take the First Step?
Ready to unlock the power of data-driven decisioning technology solutions for your business? Dive into tailored solutions or schedule a consultation with our team.
Contact Sales
-
sales@zootweb.com
-
(406) 556-7555