Lecture series
Fraud in digital lending: patterns and controls
How fraud reaches a lender and how to control it: what counts as fraud and how it differs from credit loss, identity fraud at onboarding, first-party fraud, account takeover and scams, insider and partner fraud, and how to run and measure fraud controls, with dated figures from Southeast Asia and other regions as examples. Six lessons.
1 of 6 lessons published. Lesson 1 is free to read.
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- 01What fraud in lending is: types, victims and how it is measuredIn lending, fraud means obtaining money or credit by deception: a loan taken under a false identity or with no intention to repay, an account taken over, or a customer deceived into borrowing or paying. This lesson separates fraud from credit loss, maps the main types and who bears each loss, shows how fraud losses are measured and how they hide among bad debts, and reads dated figures from Singapore, the United States and Europe.
- 02Identity fraud at onboarding: stolen, synthetic and impersonated identities
- 03First-party fraud: false information, loan stacking and bust-outs
- 04Account takeover and scams: when the customer's account, or the customer, is used
- 05Insider, agent and partner fraud
- 06Running fraud controls: layers, data sharing, measurement and who bears the loss
Quiz and certificate 5 questions; those on lesson 1 are free to try. Read every published lesson and score 80% or more for a certificate of completion.
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