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2017 Digital Lending Fraud Report

The explosive adoption of the digital channels is changing the nature of lending. Consumers are coming to expect the kind of convenience and speed that a digital experience can deliver and lenders are increasingly looking to oblige. While many of the benefits to consumers of digital lending are clear, there are some complications related to fraud that arise when lending goes digital. In order to take advantage of these limitations and vulnerabilities, today’s fraudsters rely on a diversified playbook of schemes and techniques to commit loan fraud in digital channels, and they are becoming increasingly successful.

This upcoming webinar will be moderated by Lending Times and sponsored by Mitek, and features guest speaker Al Pascual, Senior Vice President and Research Director at Javelin Strategy & Research. Attend this webinar and be one of the first recipients of the 2017 Digital Lending Fraud Report from Javelin, exploring how issues in digital lending have unfolded and the steps that lenders must take to effectively resist the growing epidemic of digital lending fraud.

Key takeaways:
 Address factors in today's lending environment
that have created a favorable environment for fraudsters.
 How different types of loans are being affected by fraud in digital channels.
 Techniques used by fraudsters to commit digital lending fraud, including synthetic
identities, volumetric attacks, and device spoofing.
 Next steps lenders can take to optimize their lending fraud mitigation process.
Live online Dec 6 7:00 pm UTC
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Presented by
Al Pascual, Senior VP and Research Director
Presentation preview: 2017 Digital Lending Fraud Report

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  • 2017 Digital Lending Fraud Report Dec 6 2017 7:00 pm UTC 60 mins
    Al Pascual, Senior VP and Research Director
    The explosive adoption of the digital channels is changing the nature of lending. Consumers are coming to expect the kind of convenience and speed that a digital experience can deliver and lenders are increasingly looking to oblige. While many of the benefits to consumers of digital lending are clear, there are some complications related to fraud that arise when lending goes digital. In order to take advantage of these limitations and vulnerabilities, today’s fraudsters rely on a diversified playbook of schemes and techniques to commit loan fraud in digital channels, and they are becoming increasingly successful.

    This upcoming webinar will be moderated by Lending Times and sponsored by Mitek, and features guest speaker Al Pascual, Senior Vice President and Research Director at Javelin Strategy & Research. Attend this webinar and be one of the first recipients of the 2017 Digital Lending Fraud Report from Javelin, exploring how issues in digital lending have unfolded and the steps that lenders must take to effectively resist the growing epidemic of digital lending fraud.

    Key takeaways:
     Address factors in today's lending environment
    that have created a favorable environment for fraudsters.
     How different types of loans are being affected by fraud in digital channels.
     Techniques used by fraudsters to commit digital lending fraud, including synthetic
    identities, volumetric attacks, and device spoofing.
     Next steps lenders can take to optimize their lending fraud mitigation process.
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    Orchard’s Online Lending Ecosystem Update: “Lendscape”
    PayPal A Buyer, Not Seller, And May Seek A Big Target
    Why Square Is Entering the Bank Business
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    5. Messaging and PR
    6. And more…
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    In this 60-minute presentation, you’ll learn how the company took a phased approach and implemented e-signatures in the call center and online channels, then expanded to the branch network. This year, OneMain will complete its e-signature roll-out to 1,700 branches, where the majority of its loans are transacted.

    Our speakers will share firsthand insights and advice on topics like:

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    Presenters: David Smith, Vice President, Application Systems, OneMain
    Philip Hannah, Director of IT, OneMain
    Mary Ellen Power, VP Marketing, eSignLive by
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    Summer Fintech Reading Ideas
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    FinTech Alternatives to Short-Term Small-Dollar Credit — Helping Low-Income Working Families Escape the High-Cost Lending Trap

    Two events are also discussed:
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    In today’s digital and mobile-first world, being able to seamlessly originate a loan is key for any organization looking to cut costs and increase top line revenue while meeting ever-stricter regulations. Additionally, the shift to digital lending has fraud rates skyrocketing.

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    Jami Schwartz, Head of Content and Marketing Tech @ Kabbage

    Moderator:
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    Legislative Update 158 (Experian Email), Rated: AAA
    Sofi plans to apply for a bank charter in the next month - Industrial loan company.
    SoFi President Nino Fanlo to Leave Firm for Biotech Startup
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    Zopa receives FCA approval
    New York sues OCC
    Sofi Bank Charter
    OnDeck results
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    2 Events happening:

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    We then discuss articles on:
    Banking as a service
    An explanation of Machine Learning.
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    Plus, an event in New York City on April 18th.

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    http://lending-times.com/category/podcast/
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    Bringing mortgage process out of the dark ages

    Meetup w/ Peer IQ & Mannat: april 18
Fintech credit: everything you need to know
Main source of news and coverage for the b2b aspects of the peer-to-peer (p2p), marketplace and the alternative lending market

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  • Live at: Dec 6 2017 7:00 pm
  • Presented by: Al Pascual, Senior VP and Research Director
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