Loan and credit processing
Protect the integrity of your loan portfolio
Loan and credit processing
Protect the integrity of your loan portfolio
Loan and credit applications are a playground for opportunistic fraudsters, particularly with non-disclosure and misrepresentation being persistent challenges in processing. Without a reliable early risk indicator, bad actors exploit the current system, financial institutions accept more bad loans, and genuine customers are stuck in the middle. Clearspeed screens for potential fraud early, so the right applications make it through, faster.
You can’t bank on current processes and tools to reveal risk of fraud
Between the volume of loan and credit applications and exploitative actions of opportunistic fraudsters, teams face a burden; move fast and miss fraud risk, or slow down and miss out on potential customers (while competitors offering instant approvals swoop in). Without a fast and reliable way to sort applications by risk level, time is spent on low-risk cases at the expense of the ones that actually warrant scrutiny.
Verify application integrity with trust intelligence
CLARITY
Analysts and underwriters get clarity sooner
A real-time risk indicator at the point of application uncovers opportunistic and organized fraud early – before it enters the ecosystem, resulting in additional downstream costs.
SCALE
Same team, more scale
Potential fraud across massive volumes of transactions represents catastrophic losses – but the teams responsible for identifying fraud risk are finite. Clearspeed is the triage layer that helps underwriters and fraud analysts focus their expertise precisely where it’s needed. The transaction volume is no longer unsustainable.
SPEED
Low-risk applicants clear faster
When low-risk applications are identified early, they move through faster, securing the customer, and delivering a service experience that builds loyalty for the long term.
Get an early indicator of financial fraud risk
01
The questions
A short set of yes-or-no questions, answered by the applicant at the point of application.
02
The signal
Clearspeed analyzes for risk signals in the vocal response.
03
The indicator
You receive a clear risk indicator in real time.
Minimal risk
Route and approve
The application moves forward. No delay, no friction.
Elevated risk
Follow up for review
The cases that need a closer look, get one.
Large US life insurer benefits from unique risk insights
Clearspeed helped a large US life insurer better segment applicants by better understanding tobacco use and BMI-related risk factors earlier in the application process. The insurer was able to accelerate high trust applicants and reduce unnecessary testing costs without trading off on rigor or confidence.
44%
Reduction in testing spend
Large US life insurer
44%
Reduction in testing spend
Large US life insurer
45%
Increase in new risks captured
Large US life insurer
45%
Increase in new risks captured
Large US life insurer
90%
Additional premium capture
Large US life insurer
90%
Additional premium capture
Large US life insurer
How Clearspeed adds a trust layer to application evaluation
Clearspeed screens for risk at the point of application, so low-risk applicants move through fast and underwriters stay focused on the ones that need them. A few yes-or-no questions, grounded in decades of neuroscience.
