BEIJING, July 24, 2017 /PRNewswire/ -- Hexindai Inc. ("Hexindai" or "the Company"), a fast-growing consumer lending marketplace in China, today announced that it has entered into an agreement with GBG DecTech ("GBG"), a leading provider of anti-fraud, anti-money laundering, and decision management services to organizations of all sizes in more than 40 countries, to implement its Instinct Application Fraud Detection Solution ("Instinct").
Implementation of the anti-fraud solution will enable the Company to rapidly process and compare every application and assess and grade each applicant with a fraud risk score leveraging the Company's historical data, behavioral rules, data validation and risk management system. Instinct will further strengthen Hexindai's fraud detection systems and reduce the risk of syndicate, small time, third party and internal application fraud, and first payment defaults. The Company expects to launch the system in the fourth quarter of 2017.
Established in 2001 and based in Melbourne, Australia, GBG has become a leading provider of anti-fraud, anti-money laundering, and decision management services to organizations of all sizes in more than 40 countries. It currently has offices in Australia, Malaysia, Korea, China, Indonesia, Philippines, Singapore, and Spain.
Hexindai is a consumer lending marketplace based in Beijing, China that facilitates loans between borrowers and investors.
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SOURCE Hexindai Inc.