The expensive "gut feeling"
In a busy sales department, "yes" is the most important word. But what if that "yes" costs you DKK 142,000? That is the average bill for a single overlooked credit check. B2B fraud is rarely about stolen credit cards; it’s about systematic patterns that exploit a lack of transparency.
At Risika, we know that risk isn't a gamble—it’s a strategy. But to build that strategy, you need to see what is hidden from the naked eye.
When is a fraud module necessary?
Many companies believe their current credit information is sufficient. However, traditional bureaus often look backward. The fraud module is essential for those who:
- Handle large orders across Nordic borders.
- Experience an influx of new customers with no established history.
- Want to automate "gatekeeping" so sales aren't slowed down by manual checks.
The 4 "hidden" indicators we monitor for you
Our data doesn't lie. We have identified specific patterns that correlate directly with fraud and bankruptcy:
- Distance to CEO: Did you know that only 1 in 10 directors live more than 35 km from their business? If the distance is greater, the risk increases significantly.
- Duplicate Financial Statements: Companies with identical financial reports across different VAT/CVR numbers have a 37% higher risk of bankruptcy. This is a classic sign of "zombie companies."
- Address Change Patterns: There is a strong correlation between frequent address changes and the likelihood of a company vanishing before the bill is paid.
- Name Changes: Only 2% of healthy companies change their name more than twice in five years. If your customer does this, alarm bells should ring.
From risk to strategic trust
The fraud module isn't about saying no to everyone. It’s about granting the right trust to the customers who deserve it and stopping the 2% who ruin it for the rest. This quarter, Risika is diving deep into corporate fraud—stay tuned to our newsletters to master fraud indicators.
Are you ready to see the full picture?
Risika reveals everything.