Moderator: David O’Connell, Senior Analyst, Aite Group

Speaker: Gary Peterson, CEO, TCF Capital Solutions, a division of TCF National Bank

Fraud, a thorn in the side of small-business lending operations that cut an even deeper wound under the PPP, costs financial institutions dearly in a business with razor-thin profit margins. But fraud in lending is both detectable and preventable. Based on a survey jointly fielded by Aite Group and the Small Business Financial Exchange, this session will identify fraud incident rates, reveal the primary techniques by which criminals defraud business lenders, and help attendees craft a roadmap for detecting and deterring this costly phenomenon.