Mounting evidence suggests that losses from the Bounce Back Loan Scheme (BBLS) could have been drastically reduced if Open Banking tools had been used from the outset to verify applicant information. According to government estimates, fraud and error account for about 6.8 percent of BBLS loans—funds that might have been better protected by real-ti...
24 February 2025 /ai /crime Open Banking
Julia StreetsCEO and Founder at Streets Consulting Ltd
Vincent ChoiCEO and founder at Pomelo Pay
Shagun MalhotraCEO and Founder at SkyStem
Shilpa VoraCEO and Founder at Predictorama
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