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.
Lendsqr expands to Ghana with its lending-as-a-service platform to empower local lenders
Lendsqr, a leading global provider of loan management technology, has officially launched its Lending-as-a-Service (LaaS) platform in Ghana. This expansion brings advanced digital lending tools to banks, fintechs, and digital lenders, improving loan origination, credit assessment, and risk management.
How we are using AI and ChatGPT to transform our internal support
We loaded all our existing knowledge base into our internal ChatGPT support system and the results were impressive!
