CENTRIX Financial Chooses IdentityVerification System

Published November 18, 2004, 1:00 a.m. EST

|

Updated August 27, 2020, 2:38 a.m. EDT

1 Min Read

DENVER - (11/18/04) -- CENTRIX Financial, a provider ofsubprime auto loan insurance for credit unions, said it haslaunched LexisNexis RiskWise to help it increase accuracy and speedof loan application verifications and to help it detect identityfraud. RiskWise InstantID minimizes the possibility of fraud byverifying loan applicants' information and reducing the number ofhours spent researching keystroke errors. With InstantID, CENTRIXhas been able to correct an average of 500 mistyped entries a monthon loan applications.

Processing Content

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Artificial Intelligence

Bank chatbot platform Kasisto acquired by Backbase

Kasisto developed one of the first conversational AI chatbots for banks, and the deal brings its technology to Backbase's new AI-based bank operating system.

By Melinda Huspen
Tech Reporter

2h ago
Federal Reserve

Talk less, smile more: Behind Warsh's communications gambit

The Federal Reserve's new chair wants to change the way the central bank communicates with markets and the public. What those changes ultimately amount to could represent a major shift in an agency that has made transparency a guiding light for decades.

By Kyle Campbell
Staff writer

4h ago
Housing

Housing bill sails through Senate, cruising toward passage

The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.

By Claire Williams
Reporter

June 22
Cryptocurrency

ICE, OKX tap Andrew Cuomo to lead joint crypto venture

The former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.

By Jasmine Ni

June 22
Digital Assets

Citi lets clients invest in private companies via a blockchain

The service is an alternative to an IPO or a special-purpose vehicle, the bank says.

By Penny Crosman
Executive Editor, Technology at Arizent

June 22
Stablecoin

Inside Payoneer's stablecoin strategy

The company's forthcoming stablecoin, PAYO-USD, is designed to spur increased transaction volume revenue rather than interest income on reserves, a model championed by most stablecoin issuers.

By Joey Pizzolato
Reporter

June 22

Load More