Jump to Content
close
close
ABA: The American Bankers Association
Industry News
  • November 6, 2023

Achieving Near Zero Fraud Rates Blog

As banks and credit unions look to bring more products online, they face numerous challenges: from developing automated instantaneous credit models, deploying new digital workflows and interaction tools, all while training their employees on a new way of operating. But one of their largest concerns center around fraud, and how to handle the influx of fraudulent applications that many institutions see when they bring their processes online. This is especially true for new customers. That is why many financial institutions restrict their online products (particularly online lending products) to either current customers, or potential customers that they've already contacted with pre-screened offers.
See Full Story
Upstart Network, Inc

Upstart is the first lending platform to leverage artificial intelligence and machine learning to price credit and automate the borrowing process. Upstart provides technology to banks via a lending-as-a-service offering called Powered by Upstart.

Related Products

Related to This