In this episode we talk with the CEO and Co-Founder of Sardine, Soups Ranjan, about fraud prevention. He discusses the trends in fraud attacks today and how fintechs can prepare themselves in their battle with fraudsters.
In this episode we talk with the COO and Co-Founder of SEON, Bence Jendruszak, as he discusses fraud prevention tools and the different types of fraud that fintech companies should be focused on today.
In episode 365 we talk with Mike Tuchen, CEO of Onfido, as he discusses identity verification and how financial institutions are balancing the need for ease of use and fraud prevention.
Remote ID is quickly becoming part of the new normal and identification verification startup Onfido has been the benefactor; the...
SoFi said it missed their internal 4th quarter earnings projections due to lower than expected loan performance, increased hiring costs and expenses related to management changes according to the WSJ; the company also said they expect the loan performance trend to continue into 2018 as the look to refine their credit model; the company is also looking to improve fraud prevention, automate loan processing and get better at collections. Source.
Insights have found the switch to more digital transaction since the start of the COVID-19 pandemic show that individual and organizational risk is even greater now.
Ravi Sandepudi of Effectiv discusses where fraud stands today and how much the last two years have impacted the market.
The idea is to protect consumer accounts from fraud so well that the company is backed by PayPal and used by the paytech firm for its protection.
The UK’s Financial Conduct Authority has issued new guidance to payment providers and e-money companies on safeguarding customers’ funds; the...
Synthetic fraud is when fraudsters use a collection of information to create a fake identity for fraudulent loan applications; data verification regulations are also making synthetic fraud more challenging to detect; Auriemma Consulting Group provides three strategic suggestions for online lenders: 1) strengthen front end detection and prevention 2) use data analytics to learn from synthetic accounts and 3) enrich reporting and information sharing. Source