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New AltFi Research report: ID Fraud And AML In 2023

Download our latest AltFi Research report today on the latest risks faced by SME lenders.



Fraud and financial crime have long been risks in the lending landscape, but in recent years, these risks have escalated.

During the Covid-19 pandemic, lenders had to quickly adapt their outdated and often manual processes to digital lending, and fraudsters took advantage of this opportunity.

Today lenders of all sizes continue to be impacted by a rising wave of fraud, and regulators globally issued fines of $5bn last year for failures to apply correct anti-money laundering and Know Your Customer processes, or for breaching sanctions applied in the wake of Russia’s invasion of Ukraine.

Looking towards the future the challenge is only set to grow, with ID fraud and money launderers adopting novel techniques using the latest artificial intelligence. Lenders, in turn, must continue to adapt and adopt the latest technology to combat fraudsters.

Today AltFi Research, in partnership with Equifax, is proud to present our latest report on this topic, ID Fraud And AML In 2023: An SME Lender’s Guide. This report delves into the challenges of lending with confidence, the technology that lenders are using, and the emerging risks on the horizon.

We hope you enjoy reading this SME lender's guide and gain valuable insights into where the lending landscape is headed.

A special thank you to Iain Armstrong (ComplyAdvantage), Dimitrie Dorgan (Stenn), Anil Stocker (Kriya), Liam Church (Funding Circle), Ayo Salam (Iwoca), Josh Levy (Ultimate Finance), Conrad Ford (Allica Bank) and Tim Coates (Oxbury Bank) for contributing their valued insights.

Download our latest AltFi Research report, ID Fraud And AML In 2023: An SME Lender's Guide, today.

Companies In This Article

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People In This Article

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Anil Stocker

CEO and co-founder

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Conrad Ford

Chief Product Officer

Allica Bank
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Tim Coates

Co-founder, Chief Customer and Regulatory Officer

Oxbury Bank

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