In the traditional way of lending, how can we detect fraud?
One of the answers we got is – If a person is in an ‘extreme hurry’ to secure a loan.

Can we use the same logic in digital lending? How can we detect if a person is in an extreme hurry?

By checking the following things:

1) Age of the Phone number (Most fraudsters use a new SIM card to apply for a loan).
2) Age of the Email ID (Fraudsters create random email IDs newly to apply for a loan).

We have APIs to detect these red flags immediately in digital lending.

#frauddetection #digitallending #api #manispeaksmoney

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