Factoring: fidis and Bürgel cooperate on fraud prevention

fidis integrates Bürgel’s information portal into factoring software / Quickly detecting attempts at fraud and reducing the risk of default

Kaarst, 28 October 2015. Factoring specialist fidis and credit bureau Bürgel have entered into a cooperation arrangement. Their common goal is to support factoring service providers with systematically detecting evidence of fraud. To this end, fidis is integrating the Deutsche SchutzPortal (DSPortal) developed by Bürgel into its FACT.pilot factoring software. fidis GmbH is one of the leading suppliers of IT solutions based on SAP for the factoring sector.

Bürgel Wirtschaftsinformationen GmbH & Co. KG developed DSPortal to prevent attempts at fraud in applications for loans and for opening accounts. The suspicious cases of all the participating financial institutions are gathered and systematised in a data pool. Based on this information, evidence of fraudulent activity in factoring can also be uncovered, in fact very quickly and on a large scale. Factoring companies can as a result greatly reduce the risk of default.

“Protection against fraudsters is an enormously important task for factoring service providers,” declares Otto Johannsen, the Managing Director of fidis GmbH. “It’s crucial that the factor detects the attempt at fraud even before buying the debt, otherwise its money is lost. In bulk business that is difficult to achieve. Thanks to this cooperation arrangement with Bürgel, our clients can now automate this check.”

DSPortal identifies anomalies that point to fraud on the basis of plausibility checks. What is more, the system constantly learns as it does so. If it discovers an instance of fraud, it systematises the pattern of fraud and improves the rules for its detection. DSPortal was developed to allow banks, leasing companies and financial service providers to detect fraudsters in applications for loans and for opening accounts. “Thanks to our partnership with fidis GmbH we can now considerably expand our target group,” declares Frank Heisel of Bürgel. “At the same time, the data pool continues to grow and DSPortal is becoming even more effective in combating fraud.”

fidis GmbH is one of the few service providers globally that develops software for financial processes based on SAP. With the FACT.pilot® and ABS.pilot® products, factoring companies, banks and savings banks are increasing their competitiveness and fulfilling their legal duties. fidis is integrating DSPortal into a new risk tool for its FACT.pilot suite.

press contact
Eva Wagenbach möller pr Telephone: +49 (0) 221 80 10 87-89 E-mail: ew@moeller-pr.de www.moeller-pr.de

About Bürgel

Bürgel Wirtschaftsinformationen GmbH & Co. KG is one of Germany’s leading companies for commercial and creditworthiness information and collection services. Bürgel is a subsidiary of Euler Hermes Aktiengesellschaft (Allianz Group) and EOS Holding GmbH (Otto Group).www.buergel.de

About fidis

fidis GmbH is internationally one of the leading service providers of standard software for factoring and ABS processes based on SAP. The use of “FACT.pilot®” and “ABS.pilot®” enhances the competitiveness of factoring companies as well as the banking houses and saving banks. At the same time, they also fulfil the statutory stipulations. The modular structure of the software ensures quick implementation on the required scale. Irrespective of its size, every business can take advantage of this solution. fidis was founded in 2000. Its customers include leading factoring companies, big banking businesses and savings banks. www.fidis.com

This release was published on openPR.