Online lending: How to build a powerful process to eliminate fraud

During the last two years, we’ve been actively discussing this crucial subject with our clients operating in online lending and microcredit spaces. Our objective was to understand how we could help them reduce drastically the number of default rates they encounter on their websites. The main keyword here? Process. And no, this is not a scary word – it’s just the most efficient way of dealing with user verification in your company. Combating efficiently fraud on online services means creating

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Lending: the 2 things you should ALWAYS ask your customers to avoid fraud in LatAM

Did you know that in Mexico, financial companies (ie. banks or lending services) were 3 times more targeted by fraudsters? Even worse: according to a study by Lexis Nexis from last year, the amount of money they lost to frauds is 8 times bigger than what other companies have declared. For them, cost of fraud tends to reach an awful 2.39% of annual revenue. The reason? Historically, most financial companies here in Mexico tend to only verify a user’s identity

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Rental Industry & How To Fight Fraud

How StayMinty eliminated chargebacks from thousands of dollars to $0 in one month. StayMinty is a vacation rental management company that curates uniquely designed properties infused with local culture in places you want to go.  They offer hotel like consistency, 5 star service, & ’round the clock hospitality for families going on vacation, party groups and more. They operated in cities across the USA and are rapidly growing. Mati is a Silicon Valley startup focused on building trust tools and

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