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.
Why you need to work at Lendsqr and how to land a role with us
You’ve successfully passed the initial screening — congratulations! Now you’re entering the interview phase, and we want to help you prepare. Here’s a step-by-step breakdown of what to expect, and how to make the most of your opportunity with us.
How to spot and block fraudulent borrowers
Grace Effiom, the Head of Enterprise at Lendsqr, hosted a webinar featuring Ope Adeoye, CEO of OnePipe, where they discussed the latest approaches to combating fraud in the digital lending space.