MAXMIND offers IP intelligence via the GeoIP trademark. Businesses use GeoIP data to identify and target relevant content and advertisements to their online visitors, as well as for analytics, digital rights
enforcement, and effective internet traffic routing.
Lenders can eliminate manual inspection and stop fraudulent online transactions with MAXMIND's industry-leading minFraud service. The minFraud service screens over 175 million account registrations and e-commerce
transactions every month.
SparkLMS Loan Management Systems integrates with data providers to provide lenders with easy lending solutions. SparkLMS + MAXMIND integration will allow lenders to screen loan applications and transactions for
fraudulent activity effectively in real time.
What it does
With this integration, lenders will be able to:
- Identify and prevent fraudulent loan applications and transactions in real time.
- Enhance risk assessment by leveraging geolocation data and connection information.
- Streamline compliance efforts by flagging suspicious activities and ensuring adherence to regulations.
- Reduce manual review of loan applications, saving time and resources.
- Improve overall security and reliability of the lending platform.
- Improve customer trust and confidence by providing a secure lending environment.
- Optimize lending decisions based on comprehensive fraud detection and risk assessment.
Benefits
- Increase fraud detection accuracy and minimize financial losses for lenders.
- Boost customer loyalty and trust by providing a secure lending environment.
- Streamline operational processes through automated fraud detection and risk assessment.
- Reduce the burden of manual review, saving time and resources for lenders.
- Ensure compliance with regulatory requirements by flagging suspicious activities.
- Improve decision-making by leveraging automated fraud detection insights.
- Enhance the reputation of the lending platform by maintaining a high level of security and reliability.
- Optimize resource allocation by focusing efforts on legitimate loan applications and transactions.
Pre-requisites
After onboarding your lending portfolio on SparkLMS Consumer Loan Software, you must set up an account with MAXMIND. We will guide you through the entire process of setting up MAXMIND in your SparkLMS instance.
