Using a Consortium Approach to Address Fraud and Credit Risk in Online Lending

ID Analytics identifies the need for a specific type of fraud prevention that focuses on short term application velocity or loan stacking; ID Analytics has been very involved in loan stacking prevention, promoting a consortium approach and helping to establish the Online Lending Network which is an association focused on identifying loan stacking fraud through real time information sharing; members of the Online Lending Network can receive real time information on a borrower allowing them to identify up to the minute application activity that can be used in credit underwriting; ID Analytics is committed to the Online Lending Network and expects to see continued growth in its coverage and membership. Sponsored Blog Post

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]