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Home Community Banking - Sponsored Content

Fighting Fraud Is Becoming More Challenging For Lenders

November 16, 2018
Reading Time: 1 min read

 

 

 

Findings from the 2018 LexisNexis® True Cost of FraudSM Online Lending
study show that fraud costs are increasing for large online lenders.


Fraud costs as a percentage of revenue have increased 34%

66% of online lenders use an automated flagging system

For international transactions, 49% rank identity verification as a top challenge

 

There are lessons here for all lenders. Ominous trends like increasing fraud, international threats and the need for rigorous protection are keeping lenders up at night.

Click Here

to get the infographic and learn more

 

 

 

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