Experian and GBG have expanded their partnership to reinforce fraud prevention and identification verification companies for organisations throughout Australia and New Zealand.
The collaboration combines Experian’s information capabilities with GBG’s greenID platform to assist real-time identification verification throughout banks, fintechs, telcos, utility suppliers, authorized and AML-regulated sectors, in addition to non-regulated companies seeking to scale back fraud dangers.
The answer allows real-time identification checks utilizing title, handle, and date of delivery matching, providing a quicker and safer verification course of for purchasers with out paperwork, delays or in-person visits.
The transfer comes amid rising issues round identity-related fraud.
Based on Experian’s 2024 World Identification and Fraud Report, 71% of companies in EMEA and APAC are struggling to maintain tempo with evolving fraud threats.
GBG information additionally confirmed that 68% of companies in Australia and New Zealand reported an increase in fraud final yr, with identification verification named the highest problem by over half of them.
The partnership builds on GBG’s earlier work with illion, which Experian acquired in 2024, and marks one of many first customer-facing developments from the combination.
“It is a sensible instance of our dedication to bettering the shopper expertise.
By partnering with GBG, we’re making confirmed, high-performing know-how obtainable to extra of our purchasers—serving to them onboard quicker and keep one step forward of fraud.”
mentioned Mathew Demetriou, Managing Director, Software program Options A/NZ of Experian.
“Fraud is evolving quickly, companies want highly effective instruments to handle their fraud threat and buyer expertise, and collaboration is crucial to maintain shoppers and companies protected.
This expanded partnership displays the belief and alignment between GBG and Experian and demonstrates our shared dedication to ship revolutionary, sturdy, compliant and user-friendly options to market.”
mentioned Carol Chris, Common Supervisor APAC at GBG.
Featured picture: Edited by Fintech Information Singapore, based mostly on picture by ismode through Freepik
