Spring Labs is Building the Future of Anti-Fraud and Identity Verification

A new blockchain-based anti-fraud and identity verification system is being built by Spring Labs in cooperation with major online lenders; the Equifax hack has highlighted the urgent need for a decentralized approach where all lenders keep the personally identifying data of their customers on their own servers and not in a centralized credit bureau; 16 lenders have signed up to be part of this system including many of the big names in the industry; Lend Academy runs through an example to demonstrate exactly how this will work in practice. Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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