Haywood Talcove is CEO of LexisNexis Risk Solution, government sector. He’s seen California EDD dealing with a pandemic, and there are several things that escape him.
âI am very frustrated. We’ve been talking about fraud and government programs for over a decade, âHaywood told Finney. “Can you imagine JPMorgan Chase and Wells Fargo losing money like California lost?”
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He is not happy that EDD is sending money to scammers and withholding money because the legitimate requester may be a scammer.
One of Talcove’s main concerns is: âWhat you need is what each bank uses, what each financial institution uses. It’s a digital lock. It is very simple and consumer. We use the digital escapement on the left as. “
In other words, our computer’s fingerprint. He says it will take years to solve many EDD computer problems, but not all.
âMost importantly, ID is just a bolt,â Tarcove says. âThe implementation literally takes about four days, costs a few million dollars, and that’s it. The crooks are leaving. You can’t go through digital locks. It’s impossible.”
7 On Your Side asked him this question, “Now your solution is for California to hire you, right?”
He replied, âThere are three companies in this space, not just us. All of these companies represent almost 100% of the market share of the identification space. “
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Talcove says Equifax and Experian can do the job as well.
He then challenges the state and lets the company find out how much of the turmoil is ESD.
âWe want to catch 200,000 or 300,000 recipients and show them what a scam. We have problems and we will do it today. Said Talcove.
7 On Your Side asked EDD for an interview. I confirmed the request, but nothing has been defined. 7 On your side will discuss with lawmakers to see if they will challenge LexisNexis and report back.
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California Unemployment: Risk Analysts Offer ‘Numeric Lock’ Solution to EDD Fraud Problems Source Link California Unemployment: Risk Analysts Offer ‘Numeric Lock’ Solution to EDD Fraud Problems ‘EDD