SOURCE: iovation

iovation

iovation

May 19, 2016 08:15 ET

iovation and ID Analytics to Host Webinar About Preventing Peer-to-Peer Lending Fraud

Companies to Detail How P2P Marketplaces Can Continue to Scale Without Increasing Risk as Industry Undergoes Unprecedented Growth

PORTLAND, OR--(Marketwired - May 19, 2016) - iovation, the provider of device intelligence for authentication and fraud prevention, today announced an upcoming webinar about preventing peer-to-peer (P2P) lending fraud at loan origination. Eddie Glenn and Matt Giberson of iovation alongside Kevin King of ID Analytics, a leader in consumer risk management, will discuss the latest P2P lending fraud trends and how to protect transactions while ensuring a frictionless online consumer experience. The webinar entitled "Mitigating the Risk of Fraud in Consumer Lending" will take place on May 24 at 10am PDT.

"P2P lending has rapidly become a multibillion-dollar industry, making it an appealing target for fraudsters looking to take advantage," said Glenn. "This means, online services pairing borrowers with investors must simultaneously balance unprecedented demand while stopping fraudulent transactions."

"Traditional fraud prevention methods in loan origination involve detailed manual investigations, requests for numerous identity verification steps and more," said King. "But while these techniques can significantly reduce fraud, they come at a cost -- they're expensive and friction-heavy, which can cause customer attrition and scale poorly due to their manual nature."

In this webinar, iovation and ID Analytics will specifically discuss:

  • Understanding fraud behaviors and evasion techniques at loan origination
  • The latest lending fraud trends and ways criminals leverage stolen identity information
  • The scale at which fraud loss impacts the lending industry
  • How to determine a transaction's risk level by analyzing anomalies around velocity, geolocation, IP address mismatches and other factors

ID Analytics integrates iovation's device reputation technology into identity risk management solutions to help reduce friction during the application process and reduce the risk of identity fraud loss. iovation's device reputation database is the world's largest, used to protect 15 million transactions and stop an average of 300,000 fraudulent activities every day.

To register for the webinar, go to http://bit.ly/1TtnUPF.

About iovation
iovation protects online businesses and their end users against fraud and abuse, and identifies trustworthy customers through a combination of advanced device identification, shared device reputation, device-based authentication and real-time risk evaluation. More than 3,500 fraud managers representing global retail, financial services, insurance, social network, gaming and other companies leverage iovation's database of billions of Internet devices and the relationships between them to determine the level of risk associated with online transactions. The company's device reputation database is the world's largest, used to protect 15 million transactions and stop an average of 300,000 fraudulent activities every day. The world's foremost fraud experts share intelligence, cybercrime tips and online fraud prevention techniques in iovation's Fraud Force Community, an exclusive virtual crime-fighting network.

Contact Information

  • CONTACTS:
    iovation Inc.
    Connie Gougler
    503-943-6748
    Email Contact