What is Application Fraud? This form of financial crime occurs when individuals or fraud syndicates set themselves up to apply for finance from banks and credit providers with the full intention of stealing the funds, obviously without the intention of paying back these loans.
Fraud Insights, as part of Comcorp’s business we gain valuable insights into the way financial crime is committed and how the consumer is often placed at risk of having their data compromised and used by fraudsters to commit financial crime. So what is financial crime?
At the start of lockdown, most property professionals would not have thought that the real estate market would recover the way it did. There were almost no sales, very few bond registrations, and a lot of uncertainty. However, the real estate market has proven to be resilient, mainly due to
Open Banking (OB) has become a buzzword spreading like wildfire across the globe. Recently in South Africa (SA) all sorts of companies and people are getting excited about OB and the way it is going to change the way we manage and transact our financial affairs.