Northteq published a white paper: “The growing challenge of equipment finance fraud: Utilizing technology to strengthen your fraud prevention strategy.” The paper discusses updated fraud prevention methods for lenders.

Key takeaways include:

• Why traditional fraud prevention methods are failing
• Common fraud threats equipment finance lenders are facing
• How technology is helping lenders protect their portfolio

The paper details how equipment finance lenders are automating identity verification (KYB/KYC), integrating biometrics and more.

The full paper is available for download online: https://northteq.com/whitepaper-equipment-finance-fraud/.