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Digital Identity Verification: The Key to Reducing Lending Fraud

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Carl Steve
Digital Identity Verification: The Key to Reducing Lending Fraud

A digital identity verification system is the new way to verify the identity of potential borrowers. Banks and Fintech face daily risks from lending fraud. They must have solutions in place to combat fraudulent applications, manipulated statements, and fake identities. The world is leaning more and more into the virtual world and all forms of digital transactions now are commonplace. Online financial institutions and digital lenders have an added threat to contend with while doing business in cyberspace due to the lack of in-person business interactions.

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Carl Steve
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