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.
A cultural view of loan defaults in Namibia
From 2019 to 2024, Namibia has witnessed growing household borrowing alongside a noticeable rise in defaults
Lendsqr launches lending-as-a-service platform in Kenya
Lendsqr launches lending-as-a-service platform in Kenya to boost financial inclusion and support loacal lenders