Boston, January 15, 2019 – Alternative lenders in the U.S. are increasingly joined by traditional financial institution lenders looking to find new retail banking revenue streams. While unsecured personal lending represents new opportunity for financial services providers, it also comes with heightened risk. The competitive environment is driving fast loan approval and often same-day or next-day funding, which underscores the importance of quick and effective fraud detection capabilities.

This Impact Note examines the fraud trends impacting lenders in the U.S. unsecured lending space. It is informed by interviews with 24 U.S. credit and fraud risk executives from August to December 2018, as well as additional Q4 2018 interviews with fraud and credit risk mitigation vendors serving the unsecured lending space.

This 22-page Impact Note contains five figures and 11 tables. Clients of Aite Group’s Fraud & AML service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions ACI Worldwide, Acuant, Acxiom, Agnitio, AimBrain, Aspect, Au10tix, AuthenticID, Authentify, Avant, BAE Systems, BehavioSec, BestEgg, BioCatch, Bottomline Technologies, Brighterion, Confirm.io, Danal, DataVisor, Deluxe, Dragnet Solutions, Early Warning Services, Elevate, Emailage, Enova, Entrust Datacard, Equifax, Experian, Feedzai, FICO, FIS, Fiserv, GB Group, Gemalto, Giact, Goldman Sachs, IBM, ID Analytics, ID.me, Idemia, IdentityMind, IDology, InAuth, iovation, iSoft, Jumio, Kofax, Kount, Lending Club, LendingPoint, LendingTree, LexisNexis Risk Solutions, Lexmark, Melissa Data, MicroBilt, Mitek, Neuro-ID, Neustar, Nexmo, Next Caller, Nice Actimize, Nuance, NuData Security, OneSpan, Onfido, Oracle, Paycasso, Payfone, Pindrop Security, Prosper, Risk Ident, RSA Security, RocketLoans, SAS, SecuredTouch, Signicat, Simility, Socure, SoFi, SunTrust, ThetaRay, ThreatMetrix, TowerData, TransUnion, Trulioo, Turnkey Risk Solutions, Verint, Vix Verify, Whitepages Pro, Wipro, Zoot, and Zumigo.