Fraud is on the rise and becoming a major concern in the private lending space. With high-dollar transactions and complex payment processes, it’s no surprise bad actors are finding new ways to steal large sums of money from everyone in the payment ecosystem – especially lenders. In this webinar we will discuss recent impacts of wire fraud on the industry and how to protect yourself. In this webinar, you will learn about:
- What methods are being employed to defraud you from your money/collateral
- Wire Fraud – what is it, how does it work, and how is it affecting the industry?
- Wires vs ACH – how do they compare? Which is safer?
- Industry best practices to establish procedures / due diligence in order to discern potentially fraudulent loans before you fund them
- RTP & FedNow – are they the future of safe payments?
- Account & Entity Validation Services – how do they help you combat fraud?
- Draw management – do you know exactly who you are paying, and for what at all times?
- Know Your Customer & Know Your Business – how do organizations with strong BSA/AML programs help protect you?
Watch the recorded webinar here!
