How Fraud is Impacting the Small Dollar and Installment Loan Markets

Fraud can pose significant risks to even the most careful companies. It can lead to financial losses, reputational damage, and legal repercussions. Join this LEND360 session to learn how fraudsters, armed with tactics like false identities and using application fraud, are taking advantage of vulnerabilities in the digital lending space. These activities come in many forms, from Nth-payment default—where borrowers make a few initial ontime payments (e.g., 2nd, 3rd, or 4th) before intentionally defaulting—to the use of synthetic identity. Hear from a panel of LEND360 experts as they explore how fraud manifests uniquely in the small dollar and installment loan markets and its impact on portfolio performance. This session will discuss practical steps that can be taken to spot early warning signs of fraud and what to do. Attendees will walk away with strategies to strengthen monitoring while still maintaining conversion and customer access. 

Other Speakers:

Lena Flattery, Chief Revenue Officer, Highwinds 
Ross McLinden, Senior Director of Product, Marketing, & Compliance, Plain Green, LLC 
Satyajeet Prasad, CEO and Founder, Cognute Inc. 
Dorna Shakoory, Chief Risk Officer, Makes Cents, Inc.

For more information, view the event agenda.