For the fintech industry, "the authenticity of user identity" is the first line of defense for enterprise risk control. However, the dynamic changes of global number status have repeatedly breached this defense line.
In credit applications, users forge contact information with dormant numbers or virtual numbers and lose contact after overdue; during large-value transactions, it is impossible to confirm whether the bound number is currently actively used by the user, leading to capital fraud risks; after number portability, the mismatch of operator information affects the risk control model's evaluation of user credit. These issues result in an average fraud loss rate of 3.2% for fintech enterprises and a customer complaint rate of over 15%.
As an innovator in the field of international number verification, NumVerix leverages core capabilities of "real-time data + risk scoring + multi-dimensional verification" to create a full-process risk control solution for fintech enterprises, blocking fraud risks associated with numbers from the source.
I. What Risks Will Enterprises Face Without Number Verification?
1. False Contact Information: Dormant/Virtual Numbers Cause "Post-Loan Disappearance"
Credit applicants register with long-unused dormant numbers or one-time virtual numbers. Their authenticity cannot be verified during the review process, and neither calls nor SMS can reach them after overdue. The non-performing loan rate is several times higher than that of real users.
2. Invalid Transaction Verification: Unclear Number Status Triggers Capital Risks
In key links such as large-value transfers and password resets, SMS verification codes are required to verify user identity. If the bound number has been shut down or ported, the verification code cannot be delivered, which may be exploited by criminals to operate accounts and cause capital security incidents.
3. Misjudgment of High-Risk Numbers: Unidentifiable Numbers Linked to Fraud Records
Some numbers are marked as high-risk due to frequent use in fraud and theft, but traditional verification tools cannot synchronize this data. This leads fintech enterprises to mistakenly include high-risk users in their service scope, increasing the probability of fraudulent transactions.
II. NumVerix's "Risk Control Combination": Full-Process Protection from Verification to Interception
Targeting the risk control needs of fintech, NumVerix integrates core verification functions to form a closed-loop system of "identity verification - status verification - risk interception", focusing on solutions for high-risk scenarios:
1. HLR Verification: Confirm "Active Status" in Real Time to Avoid Post-Loan Disappearance
During the credit review process, HLR Verification can query in real time whether the number is in the network and powered on, and synchronously return the mobile country/network code to confirm that the number is a real number currently actively used by the user.
2. FraudShield Verification: Risk Scoring + High-Risk Marking for Proactive Interception
Integrating a global fraud number database, it generates a risk score of 0-100 for each number and accurately marks high-frequency fraud numbers and blacklisted numbers. Users with a risk score lower than 30 can be intercepted during the registration process, reducing fraudulent applications from the source.
3. FraudShield Enhanced: Multi-Dimensional Risk Control for Core Financial Scenarios
As an "upgraded solution" for financial risk control, it adds verification of roaming status, real-time active status, and number portability status on the basis of FraudShield. Before large-value transactions, it confirms the consistency of "number - user - transaction" through multi-dimensional data to prevent risks such as theft and fraud.
Through real-time data and multi-dimensional verification, NumVerix helps fintech enterprises strengthen the first line of risk control defense, reduce fraud losses, and enhance user trust.
About NumVerix
NumVerix is a global number verification service provider, with its services covering over 200 countries. It specializes in offering one-stop real-time verification solutions for enterprises. Its core products fall into two key segments: Number Verification (including Basic, HLR, MNP, and FraudShield) and Social/App Platform Verification (covering more than 10 mainstream platforms such as Facebook, Zalo, email services, Binance, and KuCoin).
Through functions like invalid number detection, activation status detection, and activity detection, NumVerix helps enterprises accurately screen real users. Leveraging a massive global real-time database, it empowers enterprises to achieve the digital development of global precision marketing.