Pete Lord

Interesting, lesser known fraud indicators can be found in accounting software. For example, seeing that the QuickBooks account was created last week on a loan application should be a red flag and can only be seen when connecting digitally.

With real-time data, it is much harder for fraudsters to manipulate the data, and inconsistent transactions across different data sources can be checked.

SMB loan fraud is on the rise. This hurts financial Institutions, causing revenue loss, but most importantly it creates a growing distrust of SMBs. My thoughts on how lenders should react in Forbes here. (forbes.com/sites/forbeste…) The TL;DR in thread below.

Just landed in Denver, looking forward to catching up with @CharleyMa, @cjhay85, @ryansandler_ and @jmover on Business of APIs at @fintechdevcon

@CodatData listed in @Forbes as one of 3 APIs that could revolutionize banking in the United States #b71ebf42b12d" target="_blank" rel="nofollow noopener">forbes.com/sites/ronshevl…

Codat raises $10 million to aggregate all financial data from small businesses techcrunch.com/2020/06/10/cod…