Did You Know You Can Eliminate Almost 100% of Document Manipulation Risk in Credit Origination?
Not fraud in general & Not identity theft… …but document manipulation. SABRIC reports that vehicle asset finance fraud applications more than doubled in 2023, resulting in 𝗥𝟭𝟯𝗯𝗻 in losses. The LexisNexis True Cost of Fraud study shows that for every 𝗥𝟭 lost to fraud, South African businesses incur an average cost of 𝗥𝟯.𝟲𝟰. In unsecured short-term lending, we estimate roughly 𝟮% of […]