Subsidiary Bank Sberbank of Russia introduces fraud prevention technology in lending business processes

26.08.14 12:19
/KASE, August 26, 14/ – Subsidiary Bank "Sberbank of Russia" JSC (Almaty), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), today provided KASE with the following press-release of August 21, 2014: quote Hunter system of Experian company – allows efficiently detect credit applications of potential borrowers using fraudulent schemes, and timely respond to new schemes. Hunter system is aimed at detecting risk of fraud transactions already at the stage when the bank's potential customer is filling in application for credit. It shows to the bank's employees "suspiciously" filled in clauses of the application for credit an considerably speeds up process of approval of the application, submitted by a honest person. "Growth of retail lending, undoubtedly, increases risks and it is very important for us to keep quality of credit portfolio at the high level. Therefore Hunter system is considered by us as a part of general strategy for decreasing fraud risks. It will be used under consideration of application for all types of credits to individuals in all branches and subdivisions of the bank", - noted Chairman of the Management Board of SB "Sberbank" JSC Aleksandr Kamalov. unquote The full press release is available on KASE website at: - http://www.kase.kz/files/emitters/SBER/sber_reliz_210814_kz.pdf – in Kazakh; - http://www.kase.kz/files/emitters/SBER/sber_reliz_210814.pdf – in Russian. [2014-08-26]