Home Peer to Peer Lending Whitepaper Discusses the Risk Posed by Serial Fraud

Whitepaper Discusses the Risk Posed by Serial Fraud

Whitepaper Discusses the Risk Posed by Serial Fraud


A lot has been made concerning the advances in doc automation that has led to efficiencies in lots of areas of fintech. However the fraudsters even have entry to this similar expertise.

It’s automation and the dimensions it makes potential that units serial fraud aside. It’s outlined as industrial (re)manufacturing and distribution of fraudulent paperwork through automation practices. 

Criminals can leverage a respectable doc however create large numbers of illegitimate copies with faux identities. These sorts of assaults may be prevented by solely essentially the most subtle fraud detection techniques.

A brand new whitepaper from Fintech Nexus and Resistant.ai sheds gentle on this complicated subject. Listed below are a few of the dialogue factors:

  • The challenges that serial fraud creates for monetary establishments and actionable steps that these organizations can take to safeguard their techniques
  • Doc codecs accepted by monetary establishments wherein serial fraud happens world wide
  • The 2 principal forms of serial fraud perpetrators in addition to the digital applied sciences and doc sourcing strategies that these criminals sometimes make use of
  • How Resistant AI makes use of doc fraud detection strategies to cease serial fraud

Fraud detection was one of many hottest matters of 2023 and it’s prone to be the identical in 2024. We’re in a brand new age of fraud. What began as undetectable fraud via digitization now sees industrial-scale copy and distribution through automation in serial fraud. Criminals exploit distant operations underneath faux identities, evading in-person dangers.

Find out how the digital shift of documentation brings alternatives for speedy buyer onboarding but in addition unprecedented dangers of onboarding fraud.

You possibly can obtain this whitepaper right here.



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