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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 […]
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Whitney McDonald
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