LendingClub attributes fraud detection capabilities to its proprietary AI-driven system. “Our fraud rate is near zero, less than 3 basis points,” Lukasz Strozek, chief technology officer of LendingClub, told FinAi News. “It’s the product of years of investment in AI-powered fraud detection and a layered defense system that looks at hundreds of real-time signals for every transaction.” Implemented “several […]
