Percayso Inform is developing a new anti-fraud platform for members of the Credit Hire Organisation (CHO).
The platform, which will be officially launched at the CHO’s annual conference on 12 October, will enable subscribers to screen claims in order to manage and identify fraudulent activity.
Anthony Hughes, Chairman and CEO of CHO, said, “Our members tell me that fraud is one of their biggest headaches. There is a lot of voluntary, informal information sharing across the sector, but we do need a fully-functioning intelligence and data platform, and Percayso came up with a great option. The new platform will fill a gap in the industry’s anti-fraud arsenal and underscores our strong commitment to countering fraud.”
Ian Lilley, head of partnerships at Percayso, said, “This is a great opportunity to work with the CHO and deliver a bespoke counter-fraud platform for the credit hire sector. This project is an evolving platform that will grow with and respond to the collective needs of CHO subscribers, with potential for additional data sources and anti-fraud measures to be introduced from elsewhere in the motor insurance industry.”
