Digital Lending Fraud
- Date:November 14, 2017
- Author(s):
- Test
- Sean Sposito
- Report Details: 20 pages, 6 graphics
- Research Topic(s):
- Digital Lending
- PAID CONTENT
Overview
- What effect has the use of digital channels had on the lending space?
- How has fraud changed as a result of lending going digital?
- What are the technology factors affecting the risk of lending fraud in digital channels?
- What are the fraud risks specific to each type of loan product?
- How are different segments of consumers affected by digital lending fraud?
- What are the steps that FIs and other lenders can take to effectively prevent new account fraud?
Companies Mentioned: AU10TIX, BioCatch, Emailage, ID Analytics, Jumio, Mitek, NuData Security, Payfone, SecuredTouch, TransUnion, Yodlee
Methodology
Consumer data in this report is based on information collected in a random-sample panel survey:
· November 2016 survey of 5,028 adult U.S. consumers. For questions answered by all 5,028 respondents, the maximum margin of sampling error is +/- 1.40 percentage points at the 95% confidence level.
· A panel of 10,768 consumers in an online survey conducted from June to July 2017. The margin of sampling error is ±0.94 percentage points at the 95% confidence level for questions answered by all respondents.
· A panel of 10,639 consumers in an online survey conducted in May 2016. The margin of sampling error is ±0.95 percentage points at the 95% confidence level for questions answered by all respondents.
Learn More About This Report & Javelin
Related content
Beating the Fintech Mortgage Influencers: How FIs Can Prevail
To navigate the complex homebuying process, shoppers commonly seek guidance from non-bank influencers such as real estate agents, lending marketplaces, and digital lenders. Javelin...
How to Build Credit Card Wizards That Win Share of Wallet
Banks and credit unions provide a digital shopping experience that can lead customers to pick an ill-suited credit card and put an FI at risk of costly “silent churn.” In contrast,...
The Digital Lending Landscape for Newcomers to the U.S.
Every year, millions of people from around the globe legally enter the United States but struggle to line up banking and lending services because they lack standard documentation, ...
Make informed decisions in a digital financial world