Lithic Eliminates Fake Applicants and Secures Recruiting Pipeline with Tofu Fraud Detection
Summary
Lithic, a leading fintech infrastructure company powering modern card programs, operates at the intersection of technology and financial services. With their mission to enable companies to launch and scale card programs efficiently, Morgan Stanley, Head of Talent, needed robust solutions to protect their recruiting pipeline from the sophisticated fraud attacks targeting fintech companies.
Tofu helps us rid bad actors from our pipeline with a single click. Since we integrated Tofu with our ATS we have a much higher degree of confidence in our applicants.
Morgan Stanley
Head of People · Lithic
The Challenge
Before implementing Tofu's fraud detection capabilities, Lithic faced significant security and efficiency challenges in their recruiting process. As a high-growth fintech company, they became a prime target for applicant fraud. Morgan's team struggled with:
- Multiple fake applicants reaching phone screen stages weekly, consuming valuable recruiter and hiring manager time.
- Extensive manual background verification processes requiring time-intensive internet searches to validate candidate authenticity.
- Engineering managers wasting interview slots on fraudulent candidates, compromising pipeline integrity and threatening hiring velocity.
How Tofu Helped
Automated Fraud Detection at Scale
Tofu's fraud detection agent analyzes every applicant using dozens of open and closed-source databases, instantly identifying suspicious patterns and validating candidate authenticity before any human interaction occurs.
Seamless ATS Integration
With Tofu's direct integration into Lithic's ATS, fraud detection results appear automatically in candidate profiles, enabling recruiters to make informed decisions without leaving their existing workflow.
Comprehensive Identity Verification
Tofu's multi-layered approach validates email authenticity, LinkedIn profiles, employment history, resume patterns, phone carrier data, and social media presence.
Network Intelligence Protection
Leveraging insights from hundreds of companies in Tofu's fraud detection network, Lithic benefits from real-time identification of known bad actors and emerging fraud patterns across the industry.
Impact
Tofu's fraud detection capabilities have transformed Lithic's recruiting security posture, enabling them to operate with confidence in a high-risk industry. By automating fraud detection and eliminating manual verification processes, Lithic has not only secured their hiring pipeline but also preserved valuable team resources for strategic recruiting activities. In the competitive fintech talent market, Tofu ensures that Lithic's recruiting efforts focus exclusively on authentic, qualified candidates.