Category: Modeling
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Building Fraud Models for Small Business Lending: Methodologies and Best Practices
Small business lending has undergone a dramatic digital transformation with digital platforms, embedded finance ecosystems, and automated credit underwriting. However, the rapid digital transformation has also increased exposure to sophisticated fraud schemes. The rise of generative AI has lately amplified these risks even further. AI-generated documents, synthetic identities, and deepfake-enabled verification bypasses are increasing rapidly…