Yorkshire Building Society has selected Quest’s Q-Guard fraud detection and prevention suite. This will provide a bespoke layer of security that integrates with the organisation’s existing mortgage processing and enables the lender to select the risk alert type that Q-Guard analyses for them, depending on their specific needs.
Richard Wells, general manager for risk at Yorkshire Building Society, says: “We share the FSA’s view that financial crime management is a priority for the industry to protect the interests of customers and financial institutions. We will always invest in the best tools and people available to ensure that we discharge those responsibilities. I see working with Q-Guard as a major step on the evolutionary journey of closing down opportunities for those that would cause losses for the industry and which, if not addressed through adoption of such tools, could impact pricing and service.”
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