Lenders battle against fraudsters; a case for an industry blacklist
Industry Information

Lenders battle against fraudsters; a case for an industry blacklist

As digital lending surges in Nigeria, fraud has quietly become one of the industry’s biggest threats, with coordinated identity theft and serial loan defaulters overwhelming individual lenders who battle in isolation. The danger isn’t unique. Kenya offers a stark warning, with an estimated 3.2 million people blacklisted on the country’s TransUnion credit bureau. Without a unified industry blacklist to identify and curb repeat offenders, Nigerian lenders risk following the same path, continually staying several steps behind increasingly sophisticated fraudsters.

Protect your lending business from fraudsters
How to

Protect your lending business from fraudsters

To help you protect your lending business from fraudsters, we’ve introduced a new solution that would allow you set security checks before a transaction can be carried out.

Essential loan pricing strategies for every lender
Industry Information

Essential loan pricing strategies for every lender

Loan pricing is deciding how much interest to charge on a loan. In this article, we'll look at some factors influencing loan pricing and discuss different strategies for setting loan prices.