Leading lender steps up detection of fraudulent digital loans
APIS
NETWORK APIS
CAMARA API
SPECIALISED PROGRAMMATIC
FIDELITY / COMPLIANCE
ECONOMIC GAINS
FRAUD / ID
SECURITY
Summary
European credit provider enhanced fraud detection using CAMARA-based Know Your Customer Match and SIM Swap APIs, reducing broker fraud by 70%, improving compliance, and building trust in digital lending.
Challenges
Surge in fraudulent activity with fake brokers; traditional fraud detection ineffective.
Solution
European Credit Provider uses CAMARA-based Know Your Customer Match and SIM Swap APIs for fraud detection in digital lending.
Outcome
Reduced broker fraud cases by 70%, blocked 0.5% of suspicious applications, improved regulatory compliance, strengthened brand trust, and reduced financial losses due to fraud.
Sources
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