Fraud Detection Software

Fraud detection software in the automotive retail context refers to digital tools that help identify fraudulent activities, whether it’s fake IDs, suspicious credit applications, or unusual transaction patterns. For example, some systems can scan a driver’s licence to verify its authenticity and check it against databases, or flag if the same identity information has been used at multiple dealerships. Others might analyze credit application data for red flags (like mismatched SIN and name, or synthetic profile patterns). Canadian dealerships use these tools to assist F&I managers and sales staff in catching potential fraud early, which protects the dealership from delivering vehicles to scammers or processing bad transactions. Implementing such software complements staff training and helps satisfy due diligence for anti-fraud and AML compliance by adding an automated layer of scrutiny.