CENTRIX Financial Chooses IdentityVerification System

November 18, 2004, 1:00 a.m. EST 1 Min Read

Facebook
Twitter
LinkedIn
Email
Show more sharing options
Share Show more sharing options

Register now

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.

Facebook
Twitter
LinkedIn
Email
Show more sharing options
Share Show more sharing options

Reprint

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

TRENDING

Expense management

Banks take harder look at expenses

First Horizon, TCF and Webster are among the banks eyeing efficiency initiatives that could include more branch closings, layoffs and reduction of office space. Expect others to follow suit as low rates and tepid loan demand tied to the pandemic pressure revenue.

By Jim Dobbs

11h ago
Regulatory reform

Trade group seeks underlying data behind OCC's 'fair access' proposal

The Bank Policy Institute submitted a Freedom of Information Act request to the Office of the Comptroller of the Currency requesting the agency's analysis used in crafting the plan.

By Brendan Pedersen

December 1
Challenger Bank

Online lender LendUp launches challenger bank

Like LendUp, a small-dollar lender, Ahead Financials is targeting consumers who are gainfully employed but have blemished credit histories.

By Miriam Cross

December 1

MORE FROM AMERICAN BANKER

Earnings

Banks' net interest margins plunged to record lows in 3Q

The Federal Deposit Insurance Corp.’s latest report on the industry’s health had positive news about the earnings recovery last quarter, but it also showed that low interest rates amid continuing economic uncertainty are putting downward pressure on asset yields.

By Brendan Pedersen

December 1
CARES Act

As Congress weighs new stimulus, senators spar over old one's demise

Tuesday's hearing on the CARES Act was dominated by bickering over Treasury's decision to shut down the Fed's emergency lending facilities, drowning out pleas from some lawmakers for more aid.

By Neil Haggerty

December 1
Community charters

Hiway expands field of membership, tweaks branding after charter change

The credit union now has a community charter to serve seven counties in addition to several select employee groups.

By Jackie Stewart

December 1
Workforce management

Banks delay office reopenings until well into 2021

With COVID-19 cases soaring, a growing number of banks, including JPMorgan Chase, U.S. Bancorp and Capital One, have pushed back target dates for bringing employees back to offices. Some are even allowing them to work from home indefinitely.

By Allissa Kline

December 1
Regulatory relief

OCC announces 3% cut to assessments in 2021

The reduction marks the third time in three years the agency has cut annual fees for national banks.

By Brendan Pedersen

December 1
Succession planning

Veteran CEO of BlueOx Credit Union to retire

Fran Godfrey, who has spent more than 35 years at the Michigan-based institution, will step down at the end of January.

By Ken McCarthy

December 1