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49 Follow Us At: @DSNewsDaily Industry Updates OCROLUS LAUNCHES NEW COMPREHENSIVE FRAUD DETECTION SOLUTION Ocrolus, a document and data analysis platform, has launched Ocrolus Detect, a comprehensive fraud detection solution for lenders. Ocrolus Detect provides high- quality, decision-ready data that can help lenders minimize risk and prevent losses. Detect indicates where file tampering has occurred on a document, what fields were modified, and how they were changed to provide the necessary level of context for more informed lending decisions. Detect indicates where file tampering has occurred on a document, what fields were modified, and how they were changed to provide the necessary level of context for more informed lending decisions. Lenders traditionally perform manual review of documents to inspect for file tampering, document manipulation, inconsistencies, and other suspicious activities. is time-consuming, tedious, and error-prone process can result in significant losses. Ocrolus Detect automates fraud workflows, providing detailed signals and clear visualizations of fraudulent activity undetectable to the human eye. "Detecting fraud is mission critical to our business, and Ocrolus is uniquely qualified to provide a comprehensive fraud solution with its focus on lending," said Zack Whitaker, Risk Operations at AtoB, a fintech company. "Fraudulent behavior needs to be caught in our underwriting process, and Detect has proven to be a highly-effective insight tool for our team." Detect indicates where file tampering has occurred on a document, what fields were modified, and how they were changed to provide the necessary level of context for more informed lending decisions. Detect also visualizes file tampering on documents received and often can recover the original document for fraud analysts to easily spot the modified fields. Ocrolus processes millions of lending documents weekly, which enables the company to train its machine-learning models with a unique and nuanced understanding of file structure and key data. During a customer beta program, Detect accurately uncovered four times more potential fraud than a leading competitor. "As the lending industry shifts to digital loan application processes, fraud is rapidly increasing and becoming more difficult for humans to catch," said John Forrester, SVP of Product at Ocrolus. "Detect enables lenders to quickly and confidently process more loans by proactively providing them with clear and reliable fraud signals."