Fraud is sprouting throughout automotive, so Modives is doing what it can in the individual identity and car insurance spaces.

On Monday, Modives announced results six months after leveraging IDScan.netʼs Digital Identity Verification Engine (DIVE) for identity verification in CheckMyDriver, which is Modives’ application for auto transactions.

Modivesʼ results showed that 22.5% of auto transactions it verified through CheckMy Driver involved either a fake ID or insurance that was inactive, inaccurate, or inadequate, exposing substantial risks for auto dealers, rental companies, service departments, and financial institutions.

To combat the rise of synthetic identity fraud, CheckMy Driver leverages advanced ID verification to validate identity documents through a partnership with IDScan.net.

“Fraud in auto transactions is evolving quickly, and winning that fight requires more than detection. It requires an end-to-end approach,” IDScan.net CEO Jimmy Roussel said in a news release from Modives. “Our DIVE technology plus Modivesʼs remediation and insurance capabilities create an industry-leading workflow that reduces fraud, speeds transactions, and protects the bottom line.”

Since launching the integration, the DIVE technology has used forensic checks to flag sophisticated fraud and deepfake imagery, which has led to:

—Identifying 2.5% of all examined IDs as fraudulent

—Preventing millions of dollars in potential losses during auto transactions

—Finding an additional 20% of auto insurance policies verified or monitored during transactions were inactive, inaccurate, or inadequate, creating coverage gaps, and working with those drivers to get their policies back in compliance through its automated remediation process and embedded insurance solutions from Modives’ 48-state licensed insurance agency

“In our fast-paced, high-volume dealership, there’s no time to waste,” said Suzanne Cochrane, general manager at Helms Bros. Mercedes in Queens, N.Y. “But CheckMy Driverʼs process made it easy to verify our customers’ insurance and identity, fitting right into our flow and catching dozens of insurance policies that could put us at substantial risk.

“All it takes is one mistake, and we could be hit with a crippling loss or FTC violation. CheckMy Driver protects us from those risks,” Cochrane continued in a news release from Modives.

CheckMy Driver can either be used in person during transactions, including leasing/buying a car, test drives, or service loaner rentals.

The tool also can be used along with ID verification before an appointment through CheckMy Driverʼs Express Check-In capability, sending drivers text messages and email links to complete verification before their appointment.

“The proliferation of AI is driving an explosion in synthetic fraud during auto transactions, but it’s not enough to just identify the problem,” Modives CEO Fred Waite said. “Finding synthetic fraud is critical, but you must close the loop.

“Our ability to remediate the issue using Modives Insurance Agency helps the consumer get back in compliance quickly and easily, removing friction from the transaction. That complete solution is why DIVE and CheckMy Driver partner so perfectly to protect businesses like auto dealers, rental companies, service departments, and lenders,” Waite went on to say.