LexisNexis® Risk Solutions sought primary market research with lenders to understand small and mid-sized business (SMB) lending fraud. The intent was to generate insights to create an industry benchmark and help lenders stem SMB lending fraud by identifying and deploying best practices.
Specific objectives included to understand:
Respondents included credit unions, small and large banks, digital lenders and payment processors.
Three key findings emerged:
Watch the webinar to get all of the details and learn what processes and tools lenders are putting in place to reduce SMB lending fraud.