Buy Now Pay Never: How to fight fraud in real-time with limited data

Picture this: Someone is asking for a loan. You don’t know who they are or their credit-worthiness. And you have seconds to make a call. What do you do? Was the last default just a missed payment, or was there no intention to pay in the first place? How do you tell the difference between fraud and credit risk?

Risk departments in “buy now, pay later” (BNPL) are working at the cutting edge of fraud detection to protect some of the fastest growth ever seen in finance from a swarm of fake, synthetic, and stolen identities, and even from friendly fraud.