Companies to detail how P2P marketplaces can continue to scale without increasing risk as industry undergoes unprecedented growth
iovation, the provider of device intelligence for authentication and fraud prevention, today announced an upcoming webinar about preventing peer-to-peer (P2P) lending fraud at loan origination. Eddie Glenn and Matt Giberson of iovation alongside Kevin King of ID Analytics, a leader in consumer risk management, will discuss the latest P2P lending fraud trends and how to protect transactions while ensuring a frictionless online consumer experience. The webinar entitled “Mitigating the Risk of Fraud in Consumer Lending” will take place on May 24 at 10am PDT.
“P2P lending has rapidly become a multibillion-dollar industry, making it an appealing target for fraudsters looking to take advantage,” said Glenn. “This means, online services pairing borrowers with investors must simultaneously balance unprecedented demand while stopping fraudulent transactions.”
“Traditional fraud prevention methods in loan origination involve detailed manual investigations, requests for numerous identity verification steps and more,” said King. “But while these techniques can significantly reduce fraud, they come at a cost—they’re expensive and friction-heavy, which can cause customer attrition and scale poorly due to their manual nature.”
In this webinar, iovation and ID Analytics will specifically discuss:
- Understanding fraud behaviors and evasion techniques at loan origination
- The latest lending fraud trends and ways criminals leverage stolen identity information
- The scale at which fraud loss impacts the lending industry
- How to determine a transaction’s risk level by analyzing anomalies around velocity, geolocation, IP address mismatches and other factors
ID Analytics integrates iovation’s device reputation technology into identity risk management solutions to help reduce friction during the application process and reduce the risk of identity fraud loss. iovation’s device reputation database is the world’s largest, used to protect 15 million transactions and stop an average of 300,000 fraudulent activities every day.
To register for the webinar, go to http://bit.ly/1TtnUPF.
iovation is a leader in:
TransUnion Global Fraud & Identity Solutions unite both consumer and device identities to detect threats across markets while ensuring friction-right user experiences. The solutions, all part of the IDVision with iovation suite, fuse traditional data science with machine learning to provide businesses unique insights about consumer transactions, safeguarding tens of millions of transactions each day.