A new association has been formed in the marketplace lending industry with a focus on fraud prevention; the Online Lending Network was launched this week at Money 20/20 and will work with ID Analytics on loan tracking and fraud risk solutions; Lend Academy provides more details in their article; focus is on technology from ID Analytics that helps to prevent loan stacking and predict a borrower’s intentions. Source
Lend Academy Article: New Consortium of Online Lending Leaders Aims to Combat Fraud
