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CPS saves over $1M in potential fraud exposure in Q1 

New AI tool targeted fraud 

James Van BramerbyJames Van Bramer
May 21, 2024
in Risk Management
Reading Time: 3 mins read
0

Consumer Portfolio Services launched an AI fraud tool in the first quarter that saved the company over $1 million tied to fraud exposure.   CPS employed its new tool on the heels of a significant rise in synthetic identity fraud targeting the auto industry, which the technology intends to limit, President and Chief Operating Officer Mike […]

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Tags: aiauto finance fraudConsumer Portfolio ServicesPremium
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