During periods of instability and economic downturns, lenders face unique challenges in maintaining profitability and managing risk. In precisely these times, it becomes crucial for lenders to have the right tools to capture clients more quickly, reduce risk, and put them above competitors to navigate challenging conditions. Here are some of the ways lenders can weather the storm and can use technology as a significant advantage during periods of economic instability.
Blog | Category | Fraud
While technology offers new and exciting ways to help factors work more efficiently, it also unleashes new methods to perpetuate fraud. Find out the most prevalent fraudulent methods in factoring, how they present, why they can be difficult to detect, and strategies to help avoid and catch them from the start.
Can you detect a prospect that doesn’t exist? Most commercial underwriters are familiar with common types of fraud. But are they aware of sophisticated new schemes? Find out what they are, how they present, and how to prevent them from happening to your company.