Inside Money Today

Lendinero's blog on Growing Your Business

Business Borrowers Beware “Technology Will Outsmart You”

Business Borrowers Beware “Technology Will Outsmart You”

NATIONWIDE (INSIDE MONEY TODAY) DECEMBER 2015

Before the recession much fraud occurred with bank statements, due in part to banks and financial credit offered easily. Before 2007, technology was not widely used to detect if the bank accounts were real or fake. After the recession many aspects have changed in the financial industry. Today, in the world of alternative business loans to a system called “Decision Logic” is used to prevent fraud from business borrowers. It is an advanced bank verification that allows lenders to instantly verify the financial information of a potential borrower, online and in real time
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