How lenders can fight fraud risk with RPA
Lenders face higher costs of fraud than other industries. According to LexisNexis Risk Solutions, for every dollar of fraud, lending companies incur $2.82 in costs, which includes fees, interest, etc. Large digital lenders, with over $50 million in annual revenue, are hit hardest by fraud in this space When lending went digital, it gave fraudsters […]
Beware! Online frauds, a big challenge to the lending industry
“It takes 20 years to build a reputation and few minutes of cyber-incident to ruin it.” – Stephane Nappo, Global Head, Information Security, Société Générale International Banking pole Online Frauds is an ever-increasing threat to lending firms. It is a critical problem to address as it directly affects the firm’s profitability, its customer experience, and […]
