
Where Credit's Due Ep. 7: A digital economy carries the risk of fraud in financial services
Tearsheet Podcast: Exploring Financial Services Together
Introduction
With consumers continuing to take a digital first approach, frost s are finding new and inevitive ways to commit fraud. There is many different types of fraud, with idea theft and synthetic fraud being the most common. Reducing the stress of fraud allows for a more stream line application process making it easier for consumers to get a proof for a loan or a bank account. This aspect also has implications for groups of consumers that previously had a hard time accessing credit or other types of financial services.
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