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.
Top 5 loan apps for K15,000 loan in Zambia
Not all loan apps are the same. Despite the horror stories, there are a handful that do exactly what they say—deliver quick cash when you need it most.
15 CEOs in East Africa shaping its lending landscape
East Africa’s financial ecosystem is a story of ambition and ingenuity. Over the past decade, this region has seen a remarkable shift in how credit is accessed and delivered, powered by bold leaders who dared to reimagine lending. It’s no coincidence that East Africa is now regarded as a global hotspot for fintech innovation. In […]
