On 30th March our community came together for FTT Lending 3.0, where we explored the key trends, innovations and technologies that are powering the future of lending.
During the day, our Co-Founder and Chief Strategy Officer, Lisa Moyle, sat down with James Hudson-Dale, Senior Partnership Manager at IDnow. The two discussed the key highlights across the day and how streamlined ID verification can benefit lenders and give them a competitive advantage.
As we come out the pandemic, credit card fraud and application fraud have been at an all-time high. This level of fraud has been able to occur because of archaic background or credit reference checks, as well as what is termed “friendly fraud”. James looked to processes in other regulated markets such as Germany, where banking regulation around account opening calls for a certain level of assurance when it comes to identity verification.
Streamlined identity verification and particularly document verification will enable lenders to combat fraud and protect their borrowers. Listen to the full interview now as James expands on how IDnow’s platform solutions can provide a high level of protection whilst ensuring that the user experience is maintained.
Watch the full interview now.
