DI Article: Outdated banks are paving the way for fraudsters

Banks’ old-fashioned mindset and outdated credit assessments have opened the door for loan fraudsters. That’s the view of Magnus Källhager, one of the founders of Kreditz, who helps the credit industry raise its defenses.

“Relying on credit bureau data and paper documents is far too risky,” he says.

Read the full article in Swedish here.