BMTX Identity Verification can streamline the admissions process and enhance security by verifying the identity of your prospective students with ease.
Detecting fraudulent submissions early in admissions is important to prevent financial and risk burdens. Fraudulent applications can increase your costs and negatively impact acceptance and retention rates and course decisions.
Fraud rate reduced
compared to traditional services
Up to
reduction in third-party and synthetic identity fraud
Up to
reduction in false positives
Save an average
hours/week of manual peak-season work
Pieroni, Alejandra Sosa “3 Key Takeaways from the Cost of Recruiting an Undergraduate Student Report” Education Insights Blog
Multi-layered fraud controls
Human-in-the-loop labeling
Fabricated vs. manipulated classification
Consortium reported/cleaned synthetic data
Credit header/inquiry and velocity data
Synthetic-specific features and patterns
Models trained to think like fraudsters
Hundreds of data sources: 7 billion records and growing!
Colleges and universities face challenges due to fraud vulnerabilities during the student enrollment process, and BMTX can help! We created a data-driven, student identity verification solution which will have a key role within the university enrollment process.
As a result, universities will have enriched identity information to inform university-driven business rules to accept or reject student enrollment applications well before any fraudulent disbursements can occur.
