Fortiro Wins Award for Leading Innovation in Document Fraud Detection and Automation 

Fortiro, a leader in document-based fraud detection and financial verification, has received the prestigious “Startup of the Year” title at the 2024 Startup Daily Best in Tech Awards. The award highlights Fortiro’s role in revolutionising document fraud prevention and reducing friction for customers, brokers and financial services businesses.  Fortiro has set new standards by helping…

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[New eBook]: How Fraudsters Are Faking Documents to Commit Fraud

This is an excerpt from our exclusive eBook: ‘How Fraudsters Are Faking Documents to Commit Fraud in Australia and New Zealand“. Click here to get the full eBook. “The rising cost of living and interest rates are not only putting a strain on household budgets, they are increasing the risk of loan application fraud across…

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How Bank Australia Achieved Faster Loan Approvals with Built-In Protection Against Fraud

Bank Australia was founded in 1957 as the CSIRO Co-operative Credit Society. In 2011, they joined 71 credit unions and co-operatives to become Australia’s first customer-owned bank.  In 2015, Bank Australia was formed. Unlike traditional financial institutions, Bank Australia is owned by its depositors and borrowers, not by external shareholders. As a result, Bank Australia…

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Pepper Money Transforms Lending with Fraud Detection and Automation

Pepper Money is a leading and award-winning non-bank lender in Australia and New Zealand. In just ten years, Pepper Money has grown its Asset Finance business from a small finance provider to one of Australia’s largest asset finance companies. The business has grown its Asset Finance originations rapidly, with $5.7 billion assets under management as…

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Fortiro is Now an AWS ISV Accelerate Partner

Fortiro and AWS partnership announcement

Fortiro, a leader in document fraud detection and financial verification, today announces it has become an Amazon Web Services (AWS) ISV Accelerate (ISVA) Partner.   By becoming an ISV Partner with AWS, a global technology leader, mutual Fortiro and AWS customers can benefit from enhanced services, faster solution development, and a range of procurement and financial…

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How to Combat Invoice Fraud in Lending and Asset Financing

Invoice fraud is complex. There are many ways fraudsters use invoices to scam lenders and consumers. In 2023, Australians reported $91.6m in payment redirection scams.  Invoice fraud in asset financing occurs when a borrower or vendor submits false or inflated invoices to secure funding from a lender. This can include: This article discusses these types…

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Unlocking Efficiency: CCCFA Changes Transform New Zealand Lending 

loan approval

In a significant shift for lenders in New Zealand, the Credit Contracts and Consumer Finance Act (CCCFA) is changing to streamline and simplify income verification to support responsible lending.  The CCCFA legislative reform presents a new opportunity for lenders, moving towards a more efficient system focused primarily on income verification.  What’s Changing?  The most notable…

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Hannover Life Re of Australasia Tackles Insurance Fraud With Fortiro

Australia faces a significant challenge regarding insurance fraud.   Insurance industry figures put the estimated range of fraudulent claims as up to 10% of total claims in Australia.  Total Permanent Disability (TPD) and Income Protection insurance, which offer payouts to policyholders who are permanently disabled or unable to work, can be particularly susceptible to fraudulent…

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Fortiro Secures FinTech Award for AI and Recognition for Innovation in Lending 

MELBOURNE, AUSTRALIA – 30 APRIL 2024 Fortiro, a leader in document fraud detection and financial verification, today announces it has been awarded the ‘Best Use of AI in FinTech’ at the 2024 FinTech Awards. Fortiro also emerged as a finalist in the ‘Best Innovation in Lending and Home Loans’ category. These accolades underscore Fortiro’s unwavering…

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