The Karus Podcast

Roy Christian is a Senior Solutions Consultant on the Global Fraud & Identity Solutions team at ⁠TransUnion⁠, a global information and insights company that makes trust possible in the modern economy. As one of the world's premier consumer credit reporting agencies, TransUnion collects and aggregates information on over one billion individual consumers in over thirty countries and provides solutions to over 65,000 clients that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people. In this episode, we dive deep into the world of consumer auto finance with a special focus on synthetic fraud. Join us as Roy and Karus COO, Jamie Harrison, engage in a comprehensive discussion covering the following key topics: Understanding Synthetic Fraud: What is it? Roy explains the basics and how it relates to other types of fraud like identity fraud and income fraud Mechanics of Synthetic Fraud: We explore how synthetic fraud is committed and the tactics used to create data confusion and evade detection Two Types of Synthetic Fraud: Roy discusses the differences between malicious and non-malicious synthetic fraud, and the implications of each Role of Dealers: The responsibility of auto dealers in identifying potential fraud through Know Your Customer (KYC) practices is discussed Combating Fraud: We discuss the score-driven, GLBA & FCRA compliant models being offered by TransUnion About ⁠Karus⁠: Karus is a financial technology and data analytics company with a distinct focus on consumer auto finance. We assist lenders in identifying and enhancing areas of underperformance, as well as empowering established lenders to leverage their strengths. Through our expertise in AI-powered risk-based pricing, cash flow forecasting, and predictive modeling, Karus plays a pivotal role in optimizing consumer auto lending operations & performance. In addition to our lender partnerships, Karus operates as the exclusive Auto ABS forecasting partner for the capital markets on Intex. Through this collaboration, we deliver essential forecasts - prepayment, default, and severity - for all active Auto ABS deals. Our forecasts are seamlessly accessible to a wide spectrum of Intex users, including issuers, ratings agencies, underwriters, valuation teams, and investors.

Rich Francisco is Vice President of Automotive Market Development at TransUnion, a global information and insights company that makes trust possible in the modern economy. As one of the world's premier consumer credit reporting agencies, TransUnion collects and aggregates information on over one billion individual consumers in over thirty countries and provides solutions to over 65,000 clients that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people. In this episode, we dive deep into the world of AI and auto finance with a special focus on data analytics and credit worthiness assessment. Join us as Rich and Karus CEO, Aaron Travis, engage in a comprehensive discussion covering the following key topics: 1. Trended Credit Data - Unveiling the significance of trended credit data and its role in the auto finance landscape. Discover why this data is crucial for making informed lending decisions. 2. Pandemic Policy Skewed Data - Explore how lenders are adapting their credit data strategies in response to the unique challenges posed by the pandemic, including the influence of government stimulus programs on credit data and underwriting models. 3. Credit Score Inflation - Delve into the effects of the proliferation of credit score-building apps and websites on the credit bureau industry, and how this phenomenon is reshaping credit assessments. 4. Selection Strategies - Gain insights into the alternative data sources that lenders are increasingly leveraging to enhance their lending decisions. Learn about innovative approaches to data utilization. 5. Looking Ahead - Peer into the future as we discuss the emerging frontiers of data analytics for evaluating creditworthiness. What lies ahead in the evolving landscape of auto finance and AI-driven data analysis? About Karus: Karus is a leading financial technology company that provides AI-powered risk-based pricing, cash flow forecasting, and data layers for participants in the consumer auto finance value chain.