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UMB Curtails Consumer Credit Application Fraud

By PaymentsJournal
April 14, 2015
in Uncategorized
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earned wage access

Happy young businessman reading paper in office

Financial institutions are obvious targets for cybercriminals, especially when they offer consumer credit online. Organized fraud rings are out to make big profits using stolen or synthetic identities on these application platforms. UMB was no exception and they knew they needed a strong, multi-layered strategy to protect their customers and brand reputation.

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Tags: CreditFraud Risk and Analytics

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